According to the economists of the Austrian School, artificial credit expansion is the primary factor behind the business cycle. Critics have tried to poke holes in the theory, but David Howden shows those holes are just an illusion. About the Guest David Howden is chairman… Read More
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Ep. 418 The Truth About One of Those Pre-Fed Depressions
Patrick Newman discusses the depression of the 1870s, which is often cited as evidence of the economic instability of laissez-faire capitalism. It was nothing of the sort, says Newman, who uses Austrian business cycle theory to understand what really happened. About the Guest Patrick Newman… Read More
Ep. 417 Paul Krugman’s Three Huge Errors
Paul Krugman claims he’s gotten everything right in his analysis since the financial crisis, and that his opponents have been dead wrong. Bob Murphy identifies three major areas in which Krugman himself has been dead wrong, and then shows how he’s tried to weasel out… Read More
Ep. 416 How Uber and Other Innovations Undermine the State
Today’s episode covers Uber and several other innovations that have chipped away at the pretensions of the state. About the Guest Jacob Huebert is a senior attorney at the Liberty Justice Center . Guest’s Book Libertarianism Today Guest’s Website jhhuebert.com Guest’s Twitter @jhhuebert Apps Mentioned Uber — get your first ride FREE with code m9wtb… Read More
Ep. 415 Did the Surge Really Work?
According to the conventional wisdom, the Iraq war may have been a bad idea, but “the surge worked.” Did it? What do we mean by “worked”? CIA veteran Ray McGovern helps us answer this overlooked question. About the Guest Ray McGovern was a CIA analyst… Read More
Ep 414 Woods/Petersen Clash on Minarchism, Anarchism, and More
Austin Petersen joins me today, and a topic I’d intended to cover in just one portion of the show — namely, anarchism and minarchism — became the whole show. You’ll enjoy this one, I promise. About the Guest Austin Petersen is editor of The Libertarian Republic . He… Read More
Ep. 413 Salon Says Rich Are Parasites; We Dissent
Peter Klein and I critique a recent Salon article containing just about every leftist cliche about the rich ever uttered. About the Guest Peter G. Klein is the Carl Menger Research Fellow at the Ludwig von Mises Institute. He is also an associate professor in… Read More
Ep. 412 What I Told the Eleventh Graders About Liberty
For the third year in a row, I was asked to speak on classical liberalism (libertarianism) to the 11th graders in my kids’ school, in their Great Ideas course. Video Mentioned When Did I Sign This ‘Social Contract’? Article Mentioned The Misplaced Fear of ‘Monopoly’ Assigned Reading “ The Anatomy of the State ,” by Murray N. Rothbard (the teacher asked what I… Read More
Ep. 411 Hillsdale College’s Federalist Papers Course: Error and Propaganda
James Madison biographer Kevin Gutzman joins Tom to critique the free course on The Federalist offered by the conservative Hillsdale College. Drop everything and listen to this. About the Guest James Madison biographer Kevin Gutzman is a professor of history at Western Connecticut State University. Course… Read More
Ep. 410 Socialist Basket Cases, and Other Economic Topics
The socialist disaster in Venezuela reminds our guest, Carmen Dorobat, of her native Romania during its communist period. Plus, we discuss protectionism at the World Trade Organization and other economic topics. About the Guest Carmen Dorobat is an instructor in economics at Coventry University (U.K.),… Read More
