Neoclassical economics insists that a separate class of goods, called “public goods,” cannot, because of their peculiar characteristics, be efficiently provided by the market and must instead be financed and… Read More
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BONUS Ep. 1276 Patrick Henry Descendant Starts Selling at Age 8, Works Online for 19 Years
Paul Counts has been an entrepreneur since he began selling pencils at age 8. He’s been making his living online for 19 years. He knows both the tech side and… Read More
Ep. 1275 Myths and Truths of U.S. Monetary History: Plus, Funny Footage from the Contra Cruise
In this episode I delve into some myths and truths of U.S. monetary history, from the colonial period through the creation of the Federal Reserve. The second part is a… Read More
Ep. 1274 Major Discovery: Previously Lost Works by Lysander Spooner
Lysander Spooner, the great 19th-century individualist anarchist, evidently wrote on banking and currency competition, but those works had been lost until now. Phil Magness, through some clever detective work, tracked… Read More
Ep. 1273 Birthright Citizenship: What the Constitution and Common Sense Say
Donald Trump has indicated his desire to overturn the practice of birthright citizenship, a position Ron Paul and Rand Paul alike have long held. Opponents claim the Fourteenth Amendment requires… Read More
Ep. 1272 Gene Epstein on How to Debate a Socialist
Fresh off his Soho Forum debate victory (as measured by Oxford-style rules) against Jacobin magazine editor Bhaskar Sunkara, Gene Epstein joins me for a review of the event and the arguments that… Read More
Ep. 1271 Are Democrats and Left-Liberals Smarter Than You?
Why, the reason so many college professors have identical thoughts and hold the same political positions is that they are very smart and all these thoughts and positions are just… Read More
Ep. 1270 The Major Arguments for Money the State Can’t Control
Here’s where we libertarians are most often ridiculed — why, the monetary system we favor is for cranks, they say, and what’s more, it’s already been tried! Uh huh. In… Read More
Ep. 1269 Ten Years Later, People Still Blame Deregulation
Ten years after the financial crisis, the standard story still dominates: “deregulation” caused it. This is not even slightly true. It’s urgent that we get this right, and not let… Read More
Ep. 1268 Adam Smith, Karl Marx, and the Making of Modern Economics
Mark Skousen joins me to discuss highlights and lowlights of the history of economic thought, and what we can learn from both. About the Guest Mark Skousen is an economist,… Read More