Podcast appearances and mentions of donald boudreaux

Send us a textHave you ever wondered how common law rules and market prices both "emerge"? Inspired by the works of James Buchanan, F.A. Hayek, and Bruno Leoni, Donald Boudreaux explains how decentralized processes can lead to the emergence of effective norms, such as queuing and speeding rules, without the need for top-down legislation. We discuss the significance of individuals spending their own money versus others' and how these incentives impact societal outcomes, highlighting the deep wisdom embedded in traditionally evolved rules.We also venture into the nuanced distinction between law and legislation, drawing on insights from Buchanan and Hayek. We elaborate on Buchanan's concept of "relatively absolute absolutes," and on Hayek's emergence process, emphasizing the continuous generation of information through human action and preferences. Discover the natural process behind the emergence of common law, its role in establishing predictable rules, and the challenges presented by the unpredictable nature of parliamentary law. Guest: Donald Boudreaux at George Mason UniversitySome Links: Econtalk, Sept 30, 2024: “The Underrated Bruno Leoni”Econtalk, Dec 11, 2006:  "Law and Legislation"Michael Munger and Georg Vanberg, 2023, Contractarianism, Constitutionalism, and the Status Quo. Public Choice. Michael Munger, 2023, “The Socialist Generation Debate,” AIER. Book o'da'month: Bruno Leoni, FREEDOM AND THE LAWIf you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz

The response to the pandemic will be more protectionism. Government wan tto bring "supply chains" back into the country. But this term is misleading because it suggests that goods, such as a pen, is at the end of a long chain of production that is stretched around the world, so if we want to produce more pens at home, we should just pull that chain in our direction - listen to the full talk with prof. Don Boudreaux from George Mason University and a host of cafehayek.com to know why it is a wrong idea.

Markets may be the greatest mechanism in history for advancing human prosperity and flourishing, but that doesn't mean its design is conducive for self-promotion! So says the brilliant chair of the Economics Department at George Mason University, Dr. Donald Boudreaux. The Café Hayek economic genius joins the Capital Record this week to talk about Misesian pessimism, market complexity, and new-right market skepticism. David's comment: Maybe his favorite Capital Record discussion ever!

Dr. Donald Boudreaux is an American economist, author and Senior Fellow of the F.A. Hayek Program on the American Economy and Globalization at the Mercatus Center at George Mason University. Dr. Boudreaux is a senior scholar at TFAS where he teaches Economics for the Citizen for TFAS D.C. Summer Programs. He has authored several books including "Globalization," "Hypocrites and Half-Wits," and "The Essential Hayek." In addition to teaching at TFAS and Mason, he previously taught legal studies and economics at Clemson University, served as an Olin Visiting Fellow in Law and Economics at the Cornell Law School and was president of the Foundation for Economic Education. Dr. Boudreaux earned his Ph.D. in economics from Auburn University and J.D. from the University of Virginia. In this week's Liberty + Leadership Podcast, Roger and Don discuss the basic foundations of economics, the public choice theory, how there are no solutions – only trade-offs – in economics, the comparative advantage of free trade, and why good journalism unfortunately makes bad economics.  The Liberty + Leadership Podcast is hosted by TFAS President Roger Ream and produced by kglobal. If you have a comment or question for the show, please drop us an email at podcast@TFAS.org.Support the show

In this follow up to Part 1—just in time to honour the nearly 80-year anniversary of Hayek's The Road to Serfdom—host Rosemarie Fike is once again joined by economist Donald Boudreaux of George Mason University to discuss how Friedrich Hayek shaped the field of political economy well into the 21st century. They even get into how Hayek would've felt about the state's response to the COVID-19 pandemic and the subsequent lockdown measures taken during.   See omnystudio.com/listener for privacy information.

In this installment of the Essential Scholars podcast—just in time for the nearly 80-year anniversary of Hayek's The Road to Serfdom—host Rosemarie Fike is joined by economist Donald Boudreaux of George Mason University to discuss Hayek's life, influence in the fields of political science, philosophy, and economics, and how he endured as possibly the most prominent economist of the 20th century.See omnystudio.com/listener for privacy information.

0:00 - Could all former POTUSes check their garages, please?   13:07 - Willie Wilson gets Tucker Carlson's endorsement   34:12 - Project Veritas' James O'Keefe confronts Jordon Trishton Walker and chaos ensues   52:52 - NYT columnist Charles Blow on Tyre Nichols case and need for “systemic” police reform   01:09:56 - 15th Ward Alderman, Ray Lopez, explains why he is endorsing Willie Wilson for mayor. For more on Ray and his work for the 15th ward visit the15thward.org   01:27:20 - American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University, Donald Boudreaux, discusses whether or not the pre-Trump republican party sold out America. For more from Don, check out his blog at cafehyek.com   01:44:40 - Robby Soave, senior editor at Reason and host of “Rising” on Hill TV, takes us  Inside the Facebook Files. For more from Robby @robbysoave 01:59:51 - OPEN MIC FRIDAY!!See omnystudio.com/listener for privacy information.

To understand what is being taken from us, we must first understand the intended function of the system of government created by the founders. Judge Andrew Napolitano ponders what we can do when the Constitution fails us. Politicians are famous for insisting that we trust them, even when it's clear they're not being completely honest with us. Donald Boudreaux explains how we're trained to believe that a miracle occurs when government intervenes. The growing weirdness in our culture and society is causing most of us to do regular double takes about what we're seeing. Jeff Minnick poses the question, is boredom driving our culture of lunacy? Maybe it's the raw lust for power that we're seeing in the eyes of so many officials but it's getting harder to trust politicians to do the right thing. Kent McManigal says government is not worth the trade off. Protecting your food storage from government confiscation seems like a risk that primarily N. Koreans might face. Milan Adams warns that we should prepare for similar concerns here as well. Sponsors: HSL Ammo Monticello College Life Saving Food Garage Door Pros --- Support this podcast: https://anchor.fm/loving-liberty/support

0:00 - Dan & Amy take notice of Pilsen bookstore going “cop free”   9:40 - Dan & Amy are desturbed by State Farm Insurance tansgneder book donations   25:57 - Dan & Amy preview tomorrow's Illinois Gubernatorial debates     44:21 -Pollyanna, Inc's “Racial Literacy Curriculum”…CRT in every subject   01:03:41 - American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University, Donald Boudreaux, on Davos and “Schwabian sensibilities”. Check out Don's blog cafehyek.com.   01:17:56 -  President at Wirepoints, Ted Dabrowski, says Pritzker's claim that Illinois' population is over 13 million is just not true. For Ted's latest visit wirepoints.org   01:32:48 - Former Chief Asst. U.S. Attorney & Contributing Editor at National Review, Andrew McCarthy, on the Sussman trial and how Clinton's lawyers helped get Trump elected. Follow Andy on twitter @AndrewCMcCarthy   01:48:07 - Tyler Fischer discrimination suit See omnystudio.com/listener for privacy information.

Eric Peters from Eric Peters Autos is back to discuss what's worth keeping your eye on in our increasingly complicated world. Does anyone believe that freedom is among the virtues that drive our mass media? James Bovard explains exactly how the latest media assault on freedom is unfolding. Every time you feel the pain at the gas pump, remember that it's tied directly to any number of official policies. Joakim Book lays out how politicians and journalists always seem to get energy so wrong. What is it that causes individuals in a state of slavery to seek their freedom? They know right from wrong. Paul Rosenberg shares his thoughts on the beauty and simplicity of moral clarity. Can freedom survive in a society without virtue? Michael Finch says we can see the answer to that question every day. He wonders what recovering America's greatness will require. As much as politicians, medical authorities and the media love to blame the pandemic for our current woes, the truth is that it was the response that caused the harm. Jeffrey A. Tucker wonders why won't they admit failure? The possibility of a return of lockdown policies is still on the table. El Gato Malo recommends that we refuse to go along with our abusers who love to blame the victims. As much as the state likes to pretend that it's trying to keep us safe, most of its rules are about keeping us under its control. Donald Boudreaux warns of the dangers of compelled belief. Sponsors: Dixie Chiropractic HSL Ammo Sewing & Quilting Center Monticello College Life Saving Food The Heather Turner Team at Patriot Home Mortgage Govern Your Crypto --- Support this podcast: https://anchor.fm/loving-liberty/support

As we ring in the new year, some of us are looking at the state of the world and wondering, “are we really still doing this?” There are plenty of reasons to be pessimistic about 2022—inflation and lingering “emergency” regulations dealing with COVID, just to name two. However, if we hunt around hard enough, there might just be some reasons to feel optimistic about the year ahead. Donald Boudreaux, economics professor at George Mason University and founder of cafehayek.com, joined the program to help us sort out what to make of our current era.

“People talk about long COVID. … I worry about long https://www.theepochtimes.com/t-lockdown (lockdown).” At the Brownstone Institute's inaugural conference, I sat down with Donald Boudreaux, a professor of economics at George Mason University and a senior fellow with the American Institute for Economic Research. In the age of COVID-19, most economists failed to do their jobs, he says, and basic laws of economics and cost-benefit analysis were thrown out of the window. “I really fear that we are in for a hell of a stretch, now that governments know they can basically do anything they want to us if they scare us enough.” Subscribe to the American Thought Leaders https://ept.ms/ATLnewsletter (newsletter) so you never miss an episode. Follow http://epochtv.com/ (EpochTV) on social media: Facebook: https://www.facebook.com/EpochTVus (https://www.facebook.com/EpochTVus) Twitter: https://twitter.com/EpochTVus (https://twitter.com/EpochTVus) Rumble: https://rumble.com/c/EpochTV (https://rumble.com/c/EpochTV) Gettr: https://gettr.com/user/epochtv (https://gettr.com/user/epochtv) Gab: https://gab.com/EpochTV (https://gab.com/EpochTV) Telegram: https://t.me/EpochTV (https://t.me/EpochTV) Parler: https://parler.com/#/user/EpochTV (https://parler.com/#/user/EpochTV)

It's almost two years on from the onset of the Covid virus and we know a lot now that we didn't then. Society should be healing. But we live in vitriolic and partisan times, and widespread disagreement abounds about what it was, what it is, what it isn't and how to cope with it.  Yet to those who understand how economies work, this much seems clear: governments' blunderbuss one-size-fits-all lockdowns and mandates have turned a manageable public health problem into a social, medical and economic catastrophe.  It did not have to be this way. Joining me on this episode to talk about the price we've paid and where we go from here are two of our most independent economic and social thinkers: Donald Boudreaux,  professor of economics at George Mason University, who runs the “go to” blog “Cafe Hayek” which has become a critical resource for facts about Covid and sensible response strategies. And John Tamny, editor of Real Clear Markets, a Forbes Magazine editor and the author of “The End of Work” and “When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason”.   John and Don cover a lot of ground: the damage done to our civil liberties, the labor market, the politicization of “science”, the madness of declaring businesses essential or non-essential, supply chains, social media censorship, how lockdowns were used to usher in the new era of mail-in ballots and how rule by experts - think Anthony Fauci - failed.  We needed leadership wise enough to let sensible Americans take the measures we used in every pandemic over the last century. Instead, we got draconian lockdowns and mandates. As Don clarifies, “No doubt, a lot of these people thought they were acting in the best interest of society, but it's completely antithetical to the principles of a free society.” Listen in here as we explore how to recover our Liberty.

On this episode of Critics Corner, Oren is joined by one of our most active critics and open-letter writers, Donald Boudreaux of George Mason University. They discuss a wide swath of disagreements, including public choice and the knowledge problem, whether the SEC or public schools should exist, and what role industrial policy played in the development of Japan and China. Plus, Professor Boudreaux gives some insight into his personal investment strategies.

The response to the pandemic will be more protectionism. Government wan tto bring "supply chains" back into the country. But this term is misleading because it suggests that goods, such as a pen, is at the end of a long chain of production that is stretched around the world, so if we want to produce more pens at home, we should just pull that chain in our direction - listen to the full talk with prof. Don Boudreaux from George Mason University and a host of cafehayek.com to know why it is a wrong idea.Support the show (https://www.paypal.com/paypalme/sebastianstodolak)

Geoeconomics Podcast Episode 3: Dan T. Griswold - What is a Trade War? Daniel Griswold's Mercatus Center Profile:https://www.mercatus.org/daniel-griswold​ “How the United States Should Respond to China's Intellectual Property Practices” - Daniel Griswold, Donald Boudreaux, Mercatus Center - April 4 2019: https://www.mercatus.org/publications...​ “Leading the Way with a US-UK Free Trade Agreement” - Daniel Griswold, Mercatus Center - October 30 2018:https://www.mercatus.org/publications...​ Dan Griswold's Blog “Mad About Trade:”https://madabouttrade.com/​ Follow Daniel Griswold on Twitter: https://twitter.com/DanielGriswold​ This podcast was produced by the Adrianople Group. The Adrianople Group is a business intelligence firm that specializes in economic zones, public private partnerships, infrastructure, and geoeconomics. For more information, please visit: https://www.adrianoplegroup.com/ #Geoeconomics #GeoeconomicsPodcast #AdrianopleGroup #Freetrade #TradeWars #Brexit #DanGriswold #DanielGriswold #DanielTGriswold #Mercatus #MercatusCenter #naftz #NationalAssociationofForeignTradeZones #FreeTradeAgreements #China #IntellectualProperty #Sanctions #Globalization #FreeTradeAgreement #TradeWar #Tariffs #Exports #International #Investment #Embargo #TradeAgreements​  

Matt Kibbe is joined by economist Donald Boudreaux to try to come to grips with the complete lack of rational risk assessment Americans have displayed with respect to the COVID-19 pandemic. Instead of responding to the virus proportionally to its risk, we’ve chosen to ignore the existence of tradeoffs and take unprecedented measures to lock down the economy. Even many libertarians, who tend to be skeptical of government power and sensitive to unintended consequences, have seemingly forgotten their principles due to a fear that is wildly disproportionate to the actual danger.

Matt Kibbe is joined by economist Donald Boudreaux to try to come to grips with the complete lack of rational risk assessment Americans have displayed with respect to the COVID-19 pandemic. Instead of responding to the virus proportionally to its risk, we’ve chosen to ignore the existence of tradeoffs and take unprecedented measures to lock down the economy. Even many libertarians, who tend to be skeptical of government power and sensitive to unintended consequences, have seemingly forgotten their principles due to a fear that is wildly disproportionate to the actual danger.

Those who are truly fed up with the direction we seem to be headed may be considering the practicality of "going Galt" like the main character of Ayn Rand's "Atlas Shrugged". Here's an excellent essay on five things to remember when you're heading out for Galt's Gulch. It may be the best thing you read today. Sound money is something that deserves some serious discussion. Elon Musk's recent acquisition of $1.5 billion in Bitcoin is certainly moving the needle on such matters. John Tamney explains why this is likely a good thing. Does all the arbitrary COVID policy have you feeling like a guinea pig in an experiment gone wrong? So does Donald Boudreaux. At least, we're in good company. --- Support this podcast: https://anchor.fm/loving-liberty/support

If a state government agency wants to avoid complying with N.C. law, it might be able to accomplish its goal through a collusive lawsuit settlement. But state lawmakers could take steps this year to strike back against those settlements. Andy Jackson, director of the Civitas Center for Public Integrity at the John Locke Foundation, explains why the General Assembly should address the issue. The recent addition of Justice Amy Coney Barrett to the U.S. Supreme Court has revived discussion of the legal concept of originalism. One ongoing debate among constitutional theorists involves the importance of court precedents for originalists like Barrett. That topic sparked a recent online forum sponsored by the Duke law school’s Federalist Society. Featured speaker Randy Barnett, constitutional law professor at Georgetown University, explained how originalists can and should respond to precedents. Gov. Roy Cooper set up a bipartisan group last year to examine health care access issues. During a recent meeting, John Locke Foundation health care expert Jordan Roberts discussed alternatives to the governor’s preferred policy option: Medicaid expansion. Free trade has faced attacks in recent years from high-profile leaders of both major political parties. Even those who support free trade diverge about how to put that support into practice. Donald Boudreaux, economics professor at George Mason University, contrasts free-trade “multilateralists” and “unilateralists.” He explained the difference during a featured presentation to the Classical Liberals of the Carolinas. After nearly 18 years of weekly programs, Carolina Journal Radio is signing off the air. As the John Locke Foundation and Civitas Institute combine forces to create a new major force in North Carolina’s freedom-forward movement, the new organization will promote its ideas in new ways and through new media platforms. Co-host Donna Martinez has been with Carolina Journal Radio since its earliest days. Mitch Kokai joined the show in 2005, roughly 2 1/2 years into the program’s run. As Martinez and Kokai end the program, they offer listeners new ideas for keeping up with insightful analysis of North Carolina’s top political and public policy stories.

Post by Skyler J. Collins (Editor). This episode features an interview of economics professor Donald Boudreaux from 2006 by Russ Roberts, host of EconTalk. Drawing on volume one of Friedrich Hayek's classic, Law, Legislation and Liberty, Boudreaux talks about the distinction between law and legislation, the appropriate role of judges, and how the fulfillment of our expectations allows us to pursue our goals and dreams.

In this archived episode of Hayek Program Podcast, Distinguished New York University Professor Emeritus Israel M. Kirzner was honored with a Lifetime Achievement Award from the Fund for the Study of Spontaneous Order for his pioneering work on the theory of the entrepreneurial market process. The event was chaired by Mario Rizzo, Associate Professor of Economics at New York University, and featured comments from Peter Boettke, Director of the F. A. Hayek Program and Professor of Economics at George Mason University, Peter Klein, W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business, and Donald Boudreaux, Senior Fellow with the F.A. Hayek Program and Professor of Economics at George Mason University. CC Music: Twisterium

A must see and wide ranging conversation about all things economic with Donald Boudreaux, best-selling author, professor of economics at George Mason University who writes the popular blog Cafe Hayek and John Tamny, editor of Real Clear Markets, an editor for Forbes Magazine and the author of “The End of Work” and “They're Both Wrong.”   Even if, or maybe especially, you think economics is too abstract or arcane or harsh, this is a fresh and engaging take that everyone can learn from. I did. Some excerpts:   “Politicians are never very good about taking economic considerations into account when they make policy. They are especially bad at it now, with people frantic over COVID-19, so politicians who don't know much economics, have taken the easy way out, basically putting us all into house arrest, shutting down an incredibly complex system and set of processes for producing goods and services.”   “One of my favorite economists Thomas Sowell said that one of the first laws of economics is that reality is not optional, and the first law of politics is to deny the first law of economics.”   “When politicians declare this job or that job non-essential, they deny the dignity of work, the non-economic and spiritual value of work.”   “One of the beautiful things about the economy is that we all contribute our little small inputs into the larger output.”   “To understand financial markets, the essential thing to know is that capital has to be allocated from people who save it to places where it's productive.”   And my favorite:   “CEOs are like Michael Jordan. We haven't been taught to think of them that way, but when they can bring that kind of value, the advance they can bring to society more broadly is just stunning.”   There's a lot more in this fascinating and, I'm sure to some, controversial conversation and I hope you'll find the time to watch or listen.  

SpokenLayer June 9, 2020 This is the spoken edition of the American Institute for Economic Research for June 9, 2020. A longer text version is hosted at AIER.org, along with many other articles. Protest Police Unions and Qualified Immunity By Donald Boudreaux Among the most frequently heard declarations about today’s protests is that they are “against hatred” or “against racism.” Opposition to racial bigotry is indeed noble.

Economist Dr. Donald Boudreaux joins us for a discussion on how trade impacts our health. As the coronavirus outbreak creates hostility toward globalization, Dr. Boudreaux warns that protectionist policies would ultimately be more detrimental to our health than the virus itself.Dr. Boudreaux is a professor of economics at George Mason University and holds the Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center. He is a TFAS senior scholar and professor of economics for our D.C. Summer Programs. He is the author of “Globalization” and blogs at Café Hayek. You can listen to our conversation above or read a transcription below.Support the show (https://www.TFAS.org/Support)

SpokenLayer February 18, 2020 This is the spoken edition of the American Institute for Economic Research for February 18, 2020. A longer text version is hosted at AIER.org, along with many other articles. Your Pessimism is Unwarranted By Donald Boudreaux Because its denial is incessantly repeated, the following truth must be incessantly restated: we ordinary Americans are fabulously rich and getting richer.

SpokenLayer February 11, 2020 This is the spoken edition of the American Institute for Economic Research for February 11, 2020. A longer text version is hosted at AIER.org, along with many other articles. Free Trade Strawmen By Donald Boudreaux Straw men are famously frail. Immobile and brainless, they pose no threat to their opponents, who easily massacre them.

SpokenLayer November 13, 2019 This is the spoken edition of the American Institute for Economic Research for November 13, 2019. A longer text version is hosted at AIER.org, along with many other articles. The Wonderful Surprises of Comparative Advantage By Donald Boudreaux Human society is permeated with comparative advantage.

SpokenLayer October 22, 2019 This is the spoken edition of the American Institute for Economic Research for October 22, 2019. A longer text version is hosted at AIER.org, along with many other articles. The Three Biggest Myths of Political Economy By Donald Boudreaux Myths abound. This reality is unsurprising given that the number of ways to be wrong is immensely larger than the number of ways to be right.

SpokenLayer October 16, 2019 This is the spoken edition of the American Institute for Economic Research for October 16, 2019. A longer text version is hosted at AIER.org, along with many other articles. The Case for Free Trade is Unilateral by Donald Boudreaux The economic and ethical case for a policy of free trade does not depend upon the actions of other governments.

SpokenLayer October 9, 2019 This is the spoken edition of the American Institute for Economic Research for October 9, 2019. A longer text version is hosted at AIER.org, along with many other articles. A Country Is Not a Club By Donald Boudreaux In a recent civil but vigorous discussion about immigration, a friend attempted to justify immigration restrictions by analogizing democratic countries to clubs.

SpokenLayer September 4, 2019 This is the spoken edition of the American Institute for Economic Research for September 4, 2019. A longer text version is hosted at AIER.org, along with many other articles. The Middleman Serves an Essential Economic Function By Donald Boudreaux Arriving at the office this morning, I heard on the radio an ad for Mervis Diamond Importers.

SpokenLayer August 13, 2019 This is the spoken edition of the American Institute for Economic Research for August 13, 2019. A longer text version is hosted at AIER.org, along with many other articles. Have Two-Income Households Made Us Poorer by Donald Boudreaux Two weeks ago I argued that assertions of American middle-class economic stagnation are deeply mistaken. In reality, America’s middle-class is thriving and growing more prosperous.

  Live from Scottsdale, Arizona! James Harrigan and Antony Davies contend that the median income in the US puts Americans in the top 1 percent in the world. What does that mean? Only that these people can afford stuff that, roughly a century ago, had been considered luxuries: air conditioning, running hot and cold water, ovens, refrigerators, stainless steel, and even sweet potatoes. The standard of living for even minimum wage earners today has remarkably improved in spite of burdensome regulations, but can this trend continue? Join us this week as our hosts suss out the reasons for the improvements in worldwide wealth and search for the “Goldilocks Zone” of government intervention. Show Notes: Measles outbreak at Midway airport Gap, JC Penny, Foot Locker closures Montgomery Ward Foolishness of the week Sanders: Government can’t go too far Topic of the week Where did Alexandria Ocasio-Cortez get her sweet potatoes? World median income Are you a 1-percenter? Donald Boudreaux on insider trading What would our GDP be if we had less unnecessary regulation? Join the conversation Antony Davies on Twitter James R. Harrigan on Twitter Antony Davies on Minds.com James R. Harrigan on Minds.com Words & Numbers Backstage Let us know what you think at wordsandnumberspodcast@gmail.com    

In the mid-1960s, the University of Virginia had an impressive economics department with scholars such as James Buchanan, Gordon Tullock, Ronald Coase, Leland Yeager, and G. Warren Nutter. In 1963, Richard Wagner began his PhD in economics at UVA. What exactly led Richard Wagner to UVA for his graduate studies? What was it like to take classes and work with these notable scholars? Hayek Program scholar Richard Wagner discusses all of this and more with colleague Donald Boudreaux on this episode of the Hayek Program Podcast. CC Music: Twisterium

Donald Boudreaux is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia. He is the author of the 2007 and 2012 books Globalization and Hypocrites and Half-Wits, respectively. He contributes a column twice a month to the Pittsburgh Tribune-Review and contributes to the Cafe Hayek blog. Check out the links, books and resources mentioned in this episode at www.economicrockstar.com/donaldboudreaux

Ron and Ed are thrilled to interview Donald Boudreaux. Prof. Boudreaux is an economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University. Boudreaux was an Assistant Professor of Economics at George Mason University from 1985 to 1989. He was an Associate Professor of Legal Studies and Economics at Clemson University from 1992 to 1997, and President of the Foundation for Economic Education from 1997 to 2001. He is now Professor of Economics at George Mason University, where he served as chairman of the Economics Department from 2001 to 2009. His blog, Cafe Hayek, is considered must reading but both Ron and Ed.

Ron and Ed are thrilled to interview Donald Boudreaux. Prof. Boudreaux is an economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University. Boudreaux was an Assistant Professor of Economics at George Mason University from 1985 to 1989. He was an Associate Professor of Legal Studies and Economics at Clemson University from 1992 to 1997, and President of the Foundation for Economic Education from 1997 to 2001. He is now Professor of Economics at George Mason University, where he served as chairman of the Economics Department from 2001 to 2009. His blog, Cafe Hayek, is considered must reading but both Ron and Ed.

Ron and Ed are thrilled to interview Donald Boudreaux. Prof. Boudreaux is an economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University. Boudreaux was an Assistant Professor of Economics at George Mason University from 1985 to 1989. He was an Associate Professor of Legal Studies and Economics at Clemson University from 1992 to 1997, and President of the Foundation for Economic Education from 1997 to 2001. He is now Professor of Economics at George Mason University, where he served as chairman of the Economics Department from 2001 to 2009. His blog, Cafe Hayek, is considered must reading but both Ron and Ed.

The George Mason University economics department is known for developing new ideas into influential ideas. The Virginia-based bastion of free market thought has been producing groundbreaking scholarly work for decades, and shows no signs of slowing down. Last month, GMU PhD Candidate Mark Lutter defended his thesis, “Three Essays on Proprietary Cities.” His committee included Donald Boudreaux, Tyler Cowen, and Richard Wagner. Lutter's academic interest in proprietary, or free cities is part of a trend among scholars and thought leaders studying the incentives that drive government decision-makers. If politicians respond to rewards and punishments just like you and I do, shouldn't we consider giving them a larger stake in the profits and losses of the underlying jurisdiction? A proprietary city, Lutter argues, could achieve this, with tremendous benefits for both the developing and the developed world. He makes a convincing case on his blog, FreeCitiesInitiative.com, and joins Bob to defend the idea that the time for free cities has come.

The post Fighting Injustice & Igniting Prosperity with Stephanos Bibas & Donald Boudreaux appeared first on RealClear Radio Hour.

Steve Hanke is a Professor of Applied Economics, specializing in currency boards. He is Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. Steve is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C. and a member of the Charter Council of the Society of Economic Measurement and the Financial Advisory Council of the United Arab Emirates. Previously, Professor Hanke was a Senior Economist on President Reagan’s Council of Economic Advisers and was also an Advisor to the Presidents of Bulgaria, Venezuela, and Indonesia. In 1998, Steve was named one of the twenty-five most influential people in the world by World Trade Magazine. In this episode, you will learn: what is a currency board and the reason why a country should resort to one. about Bulgaria’s currency crisis in 1997, how hyper-inflation hit 142 percent per month and what Steve Hanke did to solve the problem. why Bulgaria has one of the lowest fiscal deficits of any country.   why Montenegro dumped the Yugolsav Dinar for the Deutschmark during Slobodan Milosevic’s presidency of Yugoslavia. how Montenegro will join the euro currency without having to do a currency changeover. if it makes sense to leave a currency board to join a monetary union and giving up fiscal autonomy. why it’s best for Bulgaria to stay outside the eurozone due to the issue of moral hazard. why Greece ran up a fiscal deficit of 12.7% of GDP when the Maastricht Treaty stated a strict adherence to a maximum level of 3%. how a currency board removes the moral hazard of a unified currency area by financing spending with current taxes or the private bond market. if Greece should abandon the euro and set up a currency board and pegging their currency with the euro. about Ronald Reagan’s privatisation programme in the US in the early 1980s.   what Hayek was like as a person and what he thought of Ronald Reagan, The Intellectual. and much more. Subscribe to the Economic Rockstar podcast on iTunes and get access to all previous episodes. Prefessor Hanke recommended the book The Essential Hayek by Donald Boudreaux which is currently a Free Kindle download.