Form of market-based economy
POPULARITY
Categories
Our media, higher education, and, of course, governments tell us that our social and economic problems are due to capitalism. Yet, what we see are governments bringing us inflation, chaos, and the horror of war. It's time we abandon the fiction that governments "serve the people."Original article: https://mises.org/mises-wire/free-market-would-preclude-todays-headlines
Our media, higher education, and, of course, governments tell us that our social and economic problems are due to capitalism. Yet, what we see are governments bringing us inflation, chaos, and the horror of war. It's time we abandon the fiction that governments "serve the people."Original article: https://mises.org/mises-wire/free-market-would-preclude-todays-headlines
The media may have obsessed over the extravagant Jeff Bezos wedding in Venice last weekend, but most regular people with jobs and a family probably couldn't care less. But in this week's episode, David takes note of who does seem to care about such things, and what principles can be learned from the whole affair that impact our understanding of economics in the 21st century. This is a seriously contrarian episode of the Capital Record!
In this episode of Healthcare Americana, host Christopher Habig talks with Dr. Tom DiLorenzo, President of the Mises Institute, about how Austrian economics can help fix America's broken healthcare system. They explore how government bureaucracy, inflation, cronyism, and rent-seeking drive up costs and reduce quality, while free market principles like competition and innovation offer a path to reform. Dr. DiLorenzo highlights the role of local initiatives, economic education, and grassroots efforts in creating meaningful healthcare change and emphasizes the need to treat healthcare as a market, not a government-run service.More on Freedom Healthworks & FreedomDoc HealthSubscribe at https://healthcareamericana.com/More on Dr. Tom DiLorenzo & Mises InstituteFollow Healthcare Americana: Instagram & LinkedIN
I got an unexpected magazine subscription at work. After taking care of business, I noticed an article entitled "How 'Business for Good' Went Bad." As I suspected, the article discussed the rise and decline of "stakeholder capitalism" more popularly called "woke capitalism."Economic historians agree that what caused all the big corporations to "go woke" was a blueprint from the World Economic Forum after the housing market crash in 2008 and the Occupy Wall Street protests in 2011.While I discuss the article, I explain the real reasons for the 2008 crash in the first place. A misunderstanding of how markets work led to what we see today: large companies sponsoring "Pride parades" and narcissistic social media influences, as if they're charities for virtue.We are currently witnessing a decline in "woke" as families and conservative influencers and politicians have openly exposed degenerate activities that destroy the lives of children. The "virtue" from "woke capitalism" turns out to be anything but.Sources Cited:James Surowiecki, "How 'Business for Good' Went Bad," Fast Company, Summer 2025."At O'Hare, President Says 'Get On Board,'" The White House, September 27, 2001."Bush Brings Bailout Bill Home," CBS, September 29, 2008."George W. Bush Abandoned the Free Market to Save the Free Market," Cole Chesnut, January 20, 2022."'Florida is where woke goes to die': Republican Ron DeSantis re-elected as governor," Guardian News, November 9, 2022."Dylan Mulvaney Bud Light Beer Commercial Original," 4thphaseofmalaise, April 14, 2023.Vivek Ramaswamy, Woke, Inc.: Inside Corporate America's Social Justice Scam, (New York: Center Street, 2021), pp. 21,24.Scriptures Referenced:Galatians 5:9Isaiah 5:20-21Matthew 19:4-6Acts 17:26-27Ephesians 6:11-12*** Please contribute to the Hurricane relief fund for A.M. Brewster ***We value your feedback!Have questions for Truthspresso? Contact us!
Angel Studios https://Angel.com/ToddBecome a Premium Angel Studios Guild member to watch The King of Kings, stream all fan-curated shows and movies, and get 2 free tickets to every Angel Studios theatrical release. Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bioptimizers https://Bioptimizers.com/toddEnter promo code TODD to get 10% off your order of Berberine Breakthrough today.Bizable https://GoBizable.comUntie your business exposure from your personal exposure with BiZABLE. Schedule your FREE consultation at GoBizAble.com today. Bonefrog https://BonefrogCoffee.com/toddThe new GOLDEN AGE is here! Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today.Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/ToddLISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeSo, it turns out that we may have an opportunity to find out if we can short an entire major American city or state because Zohan Mamdani may be the next mayor of New York. Zach Abraham joins...Episode Links:AOC: "Supporting Zohran is a vote for a New York for all of us."Zohran Mamdani announces he'll launch government-run supermarkets in NYC if elected mayor.Mark Carney's New World Order: A 'Net-Zero' economy with individual carbon footprint trackers, CBDCs and a social credit system. This is what the 'elbows up retards' voted for.Bitcoin jumps to $105,000 as investors keep close eye on Israel-Iran ceasefire: CNBC Crypto WorldThe One Big, Beautiful Bill will drive growth and supercharge the American economy. The Council of Economic Advisers found that the One Big, Beautiful Bill will:May, 2024. Biden is asked about the terrible state of the economy. Real wages dropped during his presidency. The price of buying a home doubled. Inflation hit a 40 year high. Energy prices skyrocketed.
How can AI and smarter payments help hospitality procurement teams reduce friction, cut costs, and unlock strategic value?In this episode of dojo.live, we sit down with Phil Beck, General Manager of Payments, and David Schloss, General Manager of Payments at BirchStreet Systems, to explore how AI and digital transformation are reshaping procurement in hospitality. Often overlooked in the guest-facing tech conversation, procurement and payment systems are ripe for innovation—especially as hotels face growing complexity in payments, fraud risk, and supplier networks.Phil and David break down where AI is already making an impact, how smarter workflows are streamlining operations from invoice to reconciliation, and why procurement technology can drive broader business goals—from cost control to ESG compliance to guest satisfaction. They also share what BirchStreet is showcasing at HITEC 2025, the evolving role of ecosystem partnerships, and the future trends the industry isn't paying enough attention to—yet.About Phil BeckPhil Beck has been at the forefront of payments and technology for more than twenty-five years, serving in senior executive roles at Capital One, SAP, Ariba and FreeMarkets. He has launched and scaled multiple payments platforms serving as Head of Treasury Management for Capital One, as SVP and GM for SAP's payments and business network and multiple card, real-time settlement, dynamic discounting and working capital finance solutions across the US, EMEA and APJ. He has been a mainstage speaker at Money2020, AFP and PYMNTS.com and is regularly sought out by innovative payments companies to develop next-generation solutions to solve B2B use cases around the world.Beck has also served as a board advisor for Series A-C companies in the payments space, including most recently at Trovata.io, Transactis (acquired by MasterCard) and Apparent Financing (an SAP.io company), and as a non-profit board member and advisor across Western PA.About David SchlossDavid Schloss comes to BirchStreet with more than 20 years of SaaS experience. He is an accomplished leader with a proven track record of leading and transforming revenue teams to achieve accelerated growth. His teams pride themselves on collaboration, transparency, execution, and having a customer-centric mindset.Previously David worked at ADP, Convergys, Oracle, and most recently Vice President and General Manager of North American Sales at Certinia, delivering over 60% revenue growth.
Steve Forbes calls out the Federal Reserve for its refusal to reduce interest rates due to its animus against President Trump, who attacks Chair Jerome Powell routinely—and explains why DOGE-like massive reforms are required to put the central bank back on course.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
David walks through the new Barry Diller autobiography and extracts some key business lessons that speak to our own objectives here on the Capital Record. Barry may have been a Hollywood and media industry giant, and he may not care much for all of our ideological commitments, but he has a lot to offer in this week's episode.Show Notes:"Business Lessons from the New Barry Diller Book"
In this episode, I talk with Owen MacDonald, leftist YouTuber and political commentator, about the myth of market freedom, why capitalism depends on state violence, and how right-wing media avoids ever engaging with real ideas. We get into the culture war's empty spectacle, the climate crisis, and how libertarian fantasies fall apart the moment you ask “freedom for who?” It's a wide-ranging but grounded conversation about power, propaganda, and the lies we're sold every day.
Steve Forbes shares his unvarnished reaction to the Federal Reserve's continued refusal to cut interest rates due to its absurd belief in the patently false premise that to control inflation, it must deliberately try to stimulate or depress economic activity.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Steve Forbes explains that in this extremely precarious geopolitical situation, President Trump must stay firm by backing Israel against Iran and Ukraine against Russia.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this special episode, Ross Golan sits down with David Israelite, the influential President and CEO of the National Music Publishers Association (NMPA). A fierce and tireless advocate for songwriters, David has spent nearly two decades fighting for the rights, recognition, and fair compensation of music creators in an ever-evolving industry.From spearheading groundbreaking legislation like the Music Modernization Act to navigating complex battles over streaming royalties and copyright protections, David shares a behind-the-scenes look at the work that goes into defending the value of songwriting. With unique insights into policy, publishing, and the business of music, this candid conversation reveals why David is one of the most pivotal figures working on behalf of songwriters today.If you care about music creators and the future of songwriting, this is an episode you won't want to miss.00:00 – Intro & Welcome Back03:40 – How Songwriters Get Paid (Explained Like You're 15)05:19 – Why 75% of Songwriter Income Is Regulated by the Government07:28 – The Music Modernization Act: Win or Band-Aid?09:13 – The Broken Market: Songwriters Can't Say No12:01 – Artists vs. Songwriters: A Cultural Divide13:50 – Ghostwriting, Publishing Abuse & The Elvis Tax20:16 – Why Unionizing Isn't the Answer23:55 – What Is the CRB — And Why It Still Screws Songwriters26:22 – Free Market vs. Regulated Market: Labels vs. Songwriters28:33 – Why Songwriters Have No Political Power31:01 – Consent Decrees & The PRO Problem33:19 – What Are Selective Withdrawals?39:10 – Do Big Publishers Hurt Small Writers?45:25 – The Power of 'No' — and Why Songwriters Need It46:25 – Are Labels & Publishers in Conflict?49:45 – Catalog Sales & Investment Funds in Music54:37 – Final Thoughts & Gratitude Hosted on Acast. See acast.com/privacy for more information.
Steve Forbes makes the case to abolish or at least substantially reform the Congressional Budget Office, calling out the agency's consistent patterns of error that have consistently misled policymakers and thrown a wet blanket on economy-boosting tax cuts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this latest episode of iGaming Daily, brought to you by Optimove, hosted by Fernando Noodt, the team, including Ricardo Assis and Ana Maria Menezes from SBC Noticias Brasil, delves into the turbulent Brazilian iGaming market. The discussion centres on a major tax increase proposed for the sector. On June 8th, the government decided to advance a provisional measure to increase the betting tax rate from 12% to 18% on the Gross Gaming Revenue (GGR) of all licensed betting companies. This proposal, expected to be presented to President Lula, is an alternative to a previously unpopular tax increase on financial operations (IOF). While viewed as popular in Congress and with the public, for betting operators, this represents an immense tax increase, potentially raising the overall tax burden to around 36% when other existing taxes are included.The proposed tax hike has prompted strong reactions from the industry and political entities. ANJEL, the Association of Gaming and Lotteries in Brazil, has criticised the move as a "shot in the foot," warning of licensed companies leaving Brazil, lower tax revenues, and a boost to the illegal betting market, which already constitutes about 60% of all bets in the country. They suggest focusing on cracking down on illegal operators could yield nearly triple the expected tax revenue. Operators themselves express serious concerns, fearing competitive disadvantages for domestic companies, leading to mergers, acquisitions, or even closures, with some believing that half of the operators cannot handle this raise. The Parliamentary Front of the Free Market, comprising 173 deputies and 27 senators, has also opposed the measure, fearing it could lead to the "death of the legal sector" and negatively impact Brazilian sports, as many football clubs are sponsored by betting operators. Host: Fernando NoodtGuests: Ricardo Assis and Ana Maria MenezesProducer: Anaya McDonaldEditor: James RossiGaming Daily is the official podcast of SBC Summit Malta. Taking place from 10-12 June at the Intercontinental in Malta, SBC Summit Malta is the definitive casino and betting event where European companies and professionals converge to explore cutting-edge insights, gain transformative skills, and forge impactful connections with senior decision-makers. Get your tickets now at sbcevents.com.iGaming Daily is also now on TikTok. Make sure to follow us at iGaming Daily Podcast (@igaming_daily_podcast) | TikTok for bite-size clips from your favourite podcast. Finally, remember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.
LoveBabz LoveTalk: 13th Annual Free Market & Health Fair by WNHH Community Radio
Steve Forbes makes the case for privatizing Fannie Mae and Freddie Mac, a move that has just been proposed by President Trump.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Faith Ventures welcomes Mark Whitaker, Vice President of Culture and Care at Coca-Cola Consolidated, to share a fascinating journey of Christian faith in the workplace. Mark tells us how the company changed dramatically under the leadership of Chairman and CEO Frank Harrison, who implemented a mission statement to honor God in all they do. Listeners will learn how Coca-Cola Consolidated integrated faith-based initiatives like chaplains at every plant, prayer groups, discipleship programs, and a rapid response team to support employees during crises. We also discuss how others can learn from that example and apply it in their own work and businesses. Mark also opens up about his personal story, from scaling the heights of corporate America driven by ambition and material success, to becoming a Christian after exposing a major price-fixing scandal—and later finding a new calling in servant leadership. Through candid storytelling, practical advice, and encouragement, this episode highlights how businesses of any size can foster a culture rooted in faith, service, and significance. Whether you're an executive, entrepreneur, or employee, Mark's message will challenge you to become salt and light in your own workplace, pursuing a life of significance for the glory of God.
Steve Forbes warns the U.S. Senate to remove the "Revenge Tax," an onerous markets-focused levy that would end up as Section 899 of the Federal Tax Code, from the Big Beautiful Bill currently being considered.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Norway's greatest export Jan Age Fjortoft and his son and former player Marcus Fjortoft, together host The Fussball Channel on YouTube, covering German football in English. This gives them the ideal platform to compare the myths and realities surrounding Bundesliga and the Premier League, globalism and competitive balance, fan culture and the realities of the famous 50+1 Rule in German football. This episode of Unofficial Partner is brought to you by Sid Lee Sport. Sid Lee Sport is a new breed of agency that combines world class creativity with deep sponsorship expertise, flawless operational delivery.And a culture of marketing effectiveness. We've got to know the team over the last few months. They're an impressive bunch who believe that sports marketing can and should be done better. They've got a creative philosophy of producing famous campaigns and activations that build buzz and conversation in a category that too often looks and sounds the same. And they're pioneering a new standard of effectiveness in sports marketing using econometrics and attribution models to go beyond traditional media, ROI. So if you're looking for an agency to take your brand to the top, get in touch with the team at Sid Lee Sport where brands become champions.Unofficial Partner is the leading podcast for the business of sport. A mix of entertaining and thought provoking conversations with a who's who of the global industry. To join our community of listeners, sign up to the weekly UP Newsletter and follow us on Twitter and TikTok at @UnofficialPartnerWe publish two podcasts each week, on Tuesday and Friday. These are deep conversations with smart people from inside and outside sport. Our entire back catalogue of 400 sports business conversations are available free of charge here. Each pod is available by searching for ‘Unofficial Partner' on Apple, Spotify, Google, Stitcher and every podcast app. If you're interested in collaborating with Unofficial Partner to create one-off podcasts or series, you can reach us via the website.
In this episode of New Frontiers, host Paul Johnson sits down with environmental educator and NAU professor Dr. Stefan Sommer for a compelling discussion on climate change and its multifaceted challenges. With deep expertise in sustainability, biodiversity, and public outreach, Dr. Sommer unpacks the science behind global warming, while Paul presents a pro-growth, free-market perspective. Together, they explore where environmental urgency meets economic practicality—striving for a balance that drives solutions and optimism.Topics Discussed in the VideoThe Climate Crisis Explained: Dr. Sommer breaks down why today's climate patterns are beyond historical norms, referencing gigaton-scale carbon emissions, warming oceans, and the race toward critical temperature thresholds like 1.5°C.Economic Toll of Climate Change: From wildfires to floods, climate-related disasters are racking up costs in the trillions. Dr. Sommer outlines the impact on agriculture, food prices, and insurance markets—making the climate issue both environmental and economic.Arizona's Green Energy Potential: The conversation highlights Arizona's vast opportunity in solar and wind energy, with specific projects contributing gigawatts of renewable power. Dr. Sommer urges the state to capitalize on its geographic advantage and federal incentives.Free Market vs Regulation: Paul argues that capitalism offers the most viable path to solving environmental problems, using examples from his international experiences. Stefan emphasizes that regulation like the Clean Water Act was essential for past environmental victories.The Case for and Against Nuclear Power: The two examine the role of nuclear energy, discussing emerging technologies, costs, and public concerns. Can new-generation nuclear be a bridge to a low-carbon future?Public Perception and Climate Education: Dr. Sommer points out the significant role misinformation plays in slowing progress. He shares how his outreach, including training over 160 teachers, aims to rebuild trust in science and equip communities for action.
Steve Forbes explains that the trade war could get even worse if President Trump invokes a barely-known section of the Smoot-Hawley Tariff Act, which might obviate even the toughest court decisions blocking his hardline tariffs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
KeywordsERCOT, Bitcoin mining, energy strategy, load growth, operational risk, power pricing, energy market, risk management, software solutions, energy transformationSummaryThe conversation delves into the evolving landscape of ERCOT's energy market, focusing on the impact of load growth from various sectors, including Bitcoin mining. Experts discuss energy strategies across different load zones, operational risks, and the role of software in managing these risks. The discussion also highlights the transformation of the energy market with the integration of renewable sources and the maturing of Bitcoin mining as a business, emphasizing the importance of risk management and strategic decision-making in energy consumption and pricing.TakeawaysERCOT's energy market is influenced by significant load growth.Bitcoin mining is highly sensitive to energy pricing and strategies.Different load zones require tailored energy strategies.Operational risks in Bitcoin mining can be mitigated with software solutions.The energy market is transforming with more renewable sources.Bitcoin miners can provide flexible load to the energy grid.The hash rate market is maturing, allowing for better risk management.Forward selling of power can lock in margins for miners.Risk appetite varies among miners based on their business models.Seasonality affects energy pricing and strategy decisions.Chapters00:00 Introduction to Mining and Community Engagement00:25 Energy Market Dynamics in Texas03:35 Strategies for Energy Pricing and Load Zones06:21 Operational Risks and Software Solutions09:36 The Role of Bitcoin Miners in Energy Flexibility12:28 Market Trends and Future Predictions15:36 Hedging Strategies and Risk Management18:21 Seasonality and Ancillary Services in Energy Markets21:33 Final Thoughts and Audience Engagement
The political legacy of Elon Musk, the moral costs of Keynesianism, and the absurdity of Harvard and NPR as public goods.Welcome back to the Power & Market Podcast, a weekly news recap from the Mises Institute's editorial team. This week, Ryan McMaken, Tho Bishop, and Connor O'Keeffe discuss the Department of Government Efficiency letdown, dissect the ongoing degeneracy of Keynesian economics, and explore the rising movement to defund elite universities like Harvard. Has the establishment finally overplayed its hand? What's next for higher education? For more information and to subscribe, visit https://Mises.org/P&MPod
This brief historical sketch brings us to how the American and Israeli militaries of today have adopted a nineteenth-century-style war of extermination against what they consider to be another “lesser race.”Original article: https://mises.org/mises-wire/american-israeli-nineteenth-century-ways-war
The free market replaces the struggle for survival found in the animal world with social cooperation in which everybody benefits. Capitalism is a system of peace, not war.Original article: https://mises.org/mises-wire/ludwig-von-mises-peace-and-social-cooperation
This brief historical sketch brings us to how the American and Israeli militaries of today have adopted a nineteenth-century-style war of extermination against what they consider to be another “lesser race.”Original article: https://mises.org/mises-wire/american-israeli-nineteenth-century-ways-war
The free market replaces the struggle for survival found in the animal world with social cooperation in which everybody benefits. Capitalism is a system of peace, not war.Original article: https://mises.org/mises-wire/ludwig-von-mises-peace-and-social-cooperation
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy
Bob takes a close look at Oren Cass's recent appearance on Tucker Carlson, where Cass argued for free trade to a skeptical conservative audience. Bob unpacks Cass's arguments about tariffs, comparative advantage, and trade deficits—not to attack, but to clarify. Using classical and Austrian economics, Murphy shows why U.S. economic malaise can't be solved with tariffs, but also why dismissing Cass's concerns outright is a strategic and economic mistake.Oren Cass on The Tucker Carlson Show: Mises.org/HAP501aOren Cass on The Infineo Podcast: Mises.org/HAP501bThe Human Action Podcast Episode on Comparative Advantage: Mises.org/HAP501cOren Cass, "Free Trade's Origin Myth": Mises.org/HAP501dOren Cass, "The Truth About Tariffs": Mises.org/HAP501eThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy their needs.Original article: https://mises.org/mises-wire/why-haters-free-markets-love-fruits-free-markets
The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy is the presence of trade deficits with other nations. However, what if US trade deficits don't matter?Original article: https://mises.org/mises-wire/what-rationale-behind-current-us-tariff-policy
While no one is accusing egg producers of colluding or price-fixing, from an economic standpoint, it certainly could be happening either by design or incidentally.Original article: https://mises.org/power-market/how-high-egg-prices-may-resemble-high-opec-cartel-oil-prices
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy their needs.Original article: https://mises.org/mises-wire/why-haters-free-markets-love-fruits-free-markets
Bob takes a close look at Oren Cass's recent appearance on Tucker Carlson, where Cass argued for free trade to a skeptical conservative audience. Bob unpacks Cass's arguments about tariffs, comparative advantage, and trade deficits—not to attack, but to clarify. Using classical and Austrian economics, Murphy shows why U.S. economic malaise can't be solved with tariffs, but also why dismissing Cass's concerns outright is a strategic and economic mistake.Oren Cass on The Tucker Carlson Show: Mises.org/HAP501aOren Cass on The Infineo Podcast: Mises.org/HAP501bThe Human Action Podcast Episode on Comparative Advantage: Mises.org/HAP501cOren Cass, "Free Trade's Origin Myth": Mises.org/HAP501dOren Cass, "The Truth About Tariffs": Mises.org/HAP501eThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy is the presence of trade deficits with other nations. However, what if US trade deficits don't matter?Original article: https://mises.org/mises-wire/what-rationale-behind-current-us-tariff-policy
While no one is accusing egg producers of colluding or price-fixing, from an economic standpoint, it certainly could be happening either by design or incidentally.Original article: https://mises.org/power-market/how-high-egg-prices-may-resemble-high-opec-cartel-oil-prices
Steve Forbes explains why a new 3.5% levy on remittances in congressional Republicans' "Big Beautiful Bill" should be scrapped immediately—or we will see a sharp uptick in money laundering.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Steve Forbes explains how U.S. fecklessness could allow Vladimir Putin to pull off a victory in Ukraine—and warns that a successful act of aggression by Russia will only embolden China's expansionist aims.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financial innovations are demonized all the time, and perhaps David should be grateful because a low regard for capital markets is what motivated the creation of this podcast. But today he looks at SPACs and the criticisms of them as an example of how fallacious defense of central planning works. He makes the case that protection against fraud is one thing, but protection against loss is another. And ultimately, he makes the case that a system of robust financial markets has gains and losses, and that is a good thing.
Welcome to the Covenant & Conversation series, Rabbi Sacks' commentary pieces on the weekly Torah portion, exploring ideas and sharing inspiration from the Torah readings of the week. This audio from Rabbi Sacks was recorded in 2015, as part of the Ethics series. To read and download the written essay, click here: https://rabbisacks.org/covenant-conversation/behar/the-economics-of-liberty/ This week we are also featuring an essay from Rabbi Sacks on Behar-Bechukotai entitled The Limits of the Free Market. To read and download the written essay and translations, click here: https://rabbisacks.org/covenant-conversation/behar/the-limits-of-the-free-market/ For intergenerational discussion on the weekly Parsha and Haftara, a new FAMILY EDITION is now also available: https://rabbisacks.org/covenant-conversation-family-edition/behar/the-limits-of-the-free-market/ ----- For more articles, videos, and other material from Rabbi Sacks, please visit www.RabbiSacks.org and follow @RabbiSacks. The Rabbi Sacks Legacy continues to share weekly inspiration from Rabbi Sacks. With thanks to the Schimmel Family for their generous sponsorship of Covenant & Conversation, dedicated in loving memory of Harry (Chaim) Schimmel.
Steve Forbes urges President Trump and his team to go back to following the Laffer Curve, economist Art Laffer's economic formula which fueled the American comeback of the 1980s and 1990s, in order to unleash today's economy and make a brighter future.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Walmart had said it would raise prices in response to tariffs. Then, it got a call from the White House. Now, the retailer says it will swallow some of the costs. This has us wondering: where have all the free market diehards gone? Plus, Kimberly reflects on the tornadoes that hit her hometown of St. Louis, Missouri and explains FEMA's plan to shift disaster costs to the states. Also? Did the GOP really name their reconciliation bill the “One Big Beautiful Bill?”Here's everything we talked about today:"Bessent says Walmart will absorb 'some tariffs' after speaking with retailer's CEO" from Fox Business"FEMA will shift more disaster recovery responsibilities to the states, acting chief says" from PBS News"Here's the latest information on Friday's tornado in St. Louis" from STLRP"Trump's bill advances in rare weekend vote as House conservatives negotiate changes" from NPRIt's the final matching opportunity of our May Fundraiser! Double your impact when you give right now: https://support.marketplace.org/smart-sn
Walmart had said it would raise prices in response to tariffs. Then, it got a call from the White House. Now, the retailer says it will swallow some of the costs. This has us wondering: where have all the free market diehards gone? Plus, Kimberly reflects on the tornadoes that hit her hometown of St. Louis, Missouri and explains FEMA's plan to shift disaster costs to the states. Also? Did the GOP really name their reconciliation bill the “One Big Beautiful Bill?”Here's everything we talked about today:"Bessent says Walmart will absorb 'some tariffs' after speaking with retailer's CEO" from Fox Business"FEMA will shift more disaster recovery responsibilities to the states, acting chief says" from PBS News"Here's the latest information on Friday's tornado in St. Louis" from STLRP"Trump's bill advances in rare weekend vote as House conservatives negotiate changes" from NPRIt's the final matching opportunity of our May Fundraiser! Double your impact when you give right now: https://support.marketplace.org/smart-sn
Western leaders embrace ex-wanted terrorist Abu Mohammad al-Jolani now that he is leading Syria after the fall of the Assad regime. Plus: Red states push to ban lab-grown meats in an effort to protect the meat industry. Reason's Emma Camp explains why these laws violate free market principles. -------------------------------------------------- Watch full episodes on Rumble, streamed LIVE 7pm ET. Become part of our Locals community Follow System Update: Twitter Instagram TikTok Facebook LinkedIn
Steve Forbes explains how lawsuits against President Trump's tariffs will probably end up in the Supreme Court—and if modern history is instructive, the nation's highest court might end them sooner than anyone thinks.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome back to Impact Theory with Tom Bilyeu. In this episode, I sit down with my co-host Drew to rip into one of the most turbulent weeks in global politics and economics we've seen in a long time. We break down not just the moves, but the motives and the possible massive consequences behind Trump's high-octane foreign policy—from slashing tariffs with China and locking in a colossal Saudi investment deal, to taking the unprecedented step of targeting Big Pharma with an executive order to lower drug prices. We get into whether all this fast action is actually helping America or just stirring up more chaos. Are we leveraging our moment, or just getting played by the likes of Xi and Putin? Does tough talk and bold negotiating end with real results for America, or are we setting ourselves up for long-term headaches, especially with midterms on the horizon? Then we peel back the layers on some of the rawest culture war issues, from immigration crackdowns in the UK, the controversy about a Muslim-majority city in Texas, to the viral video of world leaders acting out-of-pocket on a train to Kiev. SHOWNOTES 00:00 – China's 90-Day Tariff Pause: Progress or a Lifeline for Xi? 01:42 – Negotiation Tactics: Deal-Making or Getting Played? 03:48 – The Real Purpose of the 90-Day Pause 05:16 – China Can Print Money: Central Banks and Sinister Power 07:13 – Trump's Aggressive Approach: Productive Chaos? 09:14 – What's Actually Getting Done—And What's Just PR? 10:57 – Accepting a Gold-Plated Jet: Smart Move or Trojan Horse? 13:29 – Why “Greedy Capitalist” Isn't Always an Insult 15:51 – When Deals Cross the Line 18:38 – Global Trade Rebalancing: Is Win-Win Possible with China? 21:17 – Breaking Down the $600 Billion Saudi Deal 24:23 – Why Innovation Stalled—and What Competition With China Could Spark 25:54 – Instilling Inspiration vs. Self-Loathing in American Youth 29:31 – Price Fixing Big Pharma: Popular, but Ultimately Dangerous? 32:15 – Central Banks: The Fungus Beneath the Free Market 36:07 – How Drug Pricing Actually Gets Decided (and Where It Breaks Down) 39:04 – Why Price Fixing Backfires 42:36 – Cigarettes, Prisons, and the True Nature of Supply & Demand 47:14 – Drug Discovery, Innovation, and Unintended Consequences 54:58 – Culture Wars: Immigration Policy in the UK and the US 58:34 – Building the Modern Middle East—Without Western Intervention 60:48 – The Harsh Realities of Assimilation and Cultural Conflict 65:35 – What Happens When Zoning and Religion Collide? 71:19 – Demographics as Destiny: What History Teaches About Outnumbering 74:00 – Respecting Law, Freedom, and What It Means to Be American CHECK OUT OUR SPONSORS ButcherBox: Ready to level up your meals? Go to https://ButcherBox.com/impact to get $20 off your first box and FREE bacon for life with the Bilyeu Box! Vital Proteins: Get 20% off by going to https://www.vitalproteins.com and entering promo code IMPACT at check out Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Netsuite: Download the CFO's Guide to AI and Machine Learning at https://NetSuite.com/THEORY iTrust Capital: Use code IMPACTGO when you sign up and fund your account to get a $100 bonus at https://www.itrustcapital.com/tombilyeu Mint Mobile: If you like your money, Mint Mobile is for you. Shop plans at https://mintmobile.com/impact. DISCLAIMER: Upfront payment of $45 for 3-month 5 gigabyte plan required (equivalent to $15/mo.). New customer offer for first 3 months only, then full-price plan options available. Taxes & fees extra. See MINT MOBILE for details. Learn more about your ad choices. Visit megaphone.fm/adchoices
The chat bot flashes its elipsis at the bottom of the screen. What is it thinking, what does it want from you, what do you want from it? Beneath those pixels lies a sea of mined data and lightning storms of electricity heating up servers in barren deserts. What will it find for you in the past labor of the generations? According to a stunning new article in Rolling Stone, it will find whatever the fuck makes you feel like a god—incuding all the NewAge pablum it has scarfed down—because oops, ChatGPT released a model that is just too sycophantic. But as we break down today, the AI nonsensient flattery machine is designed to hook you into the regurgitative process of self-seduction. Is this a new spiritual delusion, or more of the same? And what does that kind and agreeable bot conceal? Show Notes People Are Losing Loved Ones to AI-Fueled Spiritual Fantasies Chatgpt induced psychosis ChatGPT And Generative AI Innovations Are Creating Sustainability Havoc LLM Can Be A Dangerous Persuader You'll Be Astonished How Much Power It Takes to Generate a Single AI Image A bottle of water per email: the hidden environmental costs of using AI chatbots Intelligent Computing: The Latest Advances, Challenges, and Future AI Data Centers Pose Regulatory Challenge, Jeopardizing Climate Goals AI, Climate, and Regulation: From Data Centers to the AI Act AI could impact 40 per cent of jobs worldwide in the next decade, UN agency warns The Future of Jobs Report 2025 History's Magic Mirror: America's Economic Crisis and the Weimar Republic of Pre-Nazi Germany The Great Filter: A possible solution to the Fermi Paradox Academic Publisher Sells Authors' Work to Microsoft for AI Training Address of the Holy Father to the College of Cardinals (10 May 2025) | LEO XIV Capitalism's Fascistic Tendencies — McGowan McGowan, Todd. 2016. Capitalism and Desire: The Psychic Cost of Free Markets. Columbia University Press. Adorno, Theodor W., and Max Horkheimer. 1997. Dialectic of Enlightenment. Verso. Learn more about your ad choices. Visit megaphone.fm/adchoices
Steve Forbes explains how the nearly catastrophic escalation in the conflict between India and Pakistan—thankfully averted due to a ceasefire engineered by the Trump Administration—demonstrates why the world is safer when the U.S. does not bend toward isolationism.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.