Neither Donald Trump nor Hillary Clinton can or will explain precisely what the Fed has done to the economy since the turn of the century, but it’s crucial that we understand it. Meanwhile, although we hear nothing but warnings and gloom about employment in the… Read More
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Ep. 752 Lew Rockwell and Tom Take Apart the Vice Presidential Debate
Senator Tim Kaine and Governor Mike Pence squared off in the only vice presidential debate of this campaign season last night, and Lew and I evaluate the wreckage. About the Guest Lew Rockwell is publisher of LewRockwell.com , and founder and chairman of the Mises Institute . Guest’s… Read More
Ep. 751 Help People Around the World by Going Over the Heads of Governments and Aid Groups
Gret Glyer, a graduate of Grove City College who lives in Malawi, just launched an app that will knock your socks off: help fund worthy projects of all sizes all over the world, and receive immediate notification and visual evidence of your impact when the… Read More
Ep. 750 What I Told a Room Full of Sheriffs
Here’s what I told over 100 sheriffs about state nullification, the states’ right to refuse to allow the enforcement of unconstitutional federal laws. Special Offer Learn the history and economics they didn’t teach you at Tom’s Liberty Classroom. Take $20 off a yearly subscription with… Read More
Ep. 749 Education Without the State
A short episode today, touching on some of the arguments libertarians have to face when it comes to education, plus two random thoughts on my mind. Special Offer Learn the history and economics they didn’t teach you at Tom’s Liberty Classroom. Take $20 off a… Read More
Ep. 748 From the Military to Entrepreneurship: How a Listener Changed His Life
James Newcomb, another conscientious objector I’ve gotten to know in the private Facebook group for the show’s Supporting Listeners , discusses his post-military entrepreneurial vision, and how to embark on a new life. Special Offer Learn the history and economics they didn’t teach you at Tom’s Liberty… Read More
Ep. 747 Media and Public Confused: Who Creates Jobs, Consumers or Entrepreneurs?
Here’s a common refrain: the rich are parasites who in fact don’t create jobs at all. Plenty of them just shelter their income somewhere. The real job creators are the working classes, who go out and spend their money. This is what stimulates economic activity.… Read More
Ep. 746 Trump’s Missed Opportunities: Lew Rockwell and Tom Discuss the First Presidential Debate
Did Trump land a knockout blow in last night’s debate? For those of us wanting to see Clinton smashed on live TV, the answer — according to Lew Rockwell and me — is unfortunately not. Here’s our analysis, punchy as always, of what went down.… Read More
Ep. 745 The Economics of Fractional-Reserve Banking
Fractional-reserve banking, in which only a fraction of demand deposits are available on demand (the rest being lent out), has been a source of controversy even among self-identified Austrian economists. Jeff Herbener joins us to discuss the purely economic effects of fractional-reserve banking. About the… Read More
Ep. 744 A Marxist Reckons with Libertarian Ideas
Today we look at the thought of G.A. Cohen, a Marxist who actually tried to deal with libertarian ideas without caricaturing them. His ideas can help us sharpen our arguments, and can show us where egalitarianism leads. The bulk of this episode is drawn from… Read More