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, investment analyst, newsletter editor, college professor, and author. Sponsor No more ill-fitting suits off the… Read More
Search Results for: inflation
First Krugman, Now This
Bob Murphy and I deal with Nobel Prize winner Paul Krugman every week on the Contra Krugman podcast. William Nordhaus was named one of the winners of the Nobel Prize for 2018. Will he get his own Murphy/Woods podcast? Of course not. But: I’ve got something almost… Read More
Ep. 1214 How Austrian School Economists Predicted the Major Economic Crises
Mark Thornton joins me to discuss his new book — to which I contributed the foreword — on the so-called “skyscraper curse” and Austrian business cycle theory, and how economists of the Austrian School have been able to spot oncoming crises to which other economists… Read More
Libertarians Urged to Nominate Another Stuffed Shirt
I’m in Boston with the family this week, so I’m dialing back the emails. (For shame, I know!) Anyway, I keep reading respectable people telling me the Libertarian Party needs Bill Weld. Latest example: George Will. Why this is funny: I do not understand the… Read More
“Say What You Will About Hitler, But…”
Until recently, the left-wing inflationist Ellen Brown used the example of Hitler’s Germany to show that Greenbacker economics really works. She was taken to task for this. She told Gary North: First, since you’ve made so much of my Hitler example and I’ve taken so… Read More
Ep. 963 Good and Bad Ways to Fix Our Monetary System
Lucas Engelhardt, associate professor of economics at Kent State University, joins me to discuss bad ways to reform the monetary system, as well as good ones. (Bad ones include the Taylor rule, inflation targeting, NGDP targeting, and Milton Friedman’s approach.) Sponsor Bombfell is an easier… Read More
Ep. 630 The Legalization Cure for the Heroin Epidemic
There’s a possibly counterintuitive solution to the heroin epidemic, says Mark Thornton: legalization. We discuss his recent article. About the Guest Mark Thornton, a senior fellow of the Mises Institute , is book review editor of the Quarterly Journal of Austrian Economics and teaches economics at Auburn University.… Read More
Ep. 529 Leftist Site Attacks Gold Standard; Here’s Our Smackdown
ThinkProgress, the heresy-hunting thought-control site, lashed out at Ted Cruz last week for advocating some kind of tie between the dollar and gold. Cruz himself is not the issue; the issue is how terrible their article was. Their article is the bologna; the Tom Woods… Read More
Ep. 518 Woods Speech: What Has Government Done to Our Money?
Here I start with the basics and conclude with the financial crisis. The origins of money, how money creation was taken over by government, why deflation isn’t a problem, how even low inflation can devastate the average person, how central banking creates instability and moral… Read More
Ep. 501 How Libertarians Won the Bet of the Century
In 1980, Julian Simon offered to let doomsayer Paul Ehrlich choose any commodity metals he liked, and if their inflation-adjusted prices increased by 1990, Simon would pay $1000. But if they fell, Ehrlich would pay. The question was: would human ingenuity figure out ways to… Read More