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This week, Bob walks through Javier Milei's 2026 address to the World Economic Forum, explaining the Austrian and neoclassical ideas behind Milei's defense of capitalism—from Rothbard and Kirzner to Pareto efficiency and the welfare theorems.Related:Bob's Breakdown of The Intra-Austrian Debate over Milei: Mises.org/HAP539aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
This week, Bob walks through Javier Milei's 2026 address to the World Economic Forum, explaining the Austrian and neoclassical ideas behind Milei's defense of capitalism—from Rothbard and Kirzner to Pareto efficiency and the welfare theorems.Related:Bob's Breakdown of The Intra-Austrian Debate over Milei: Mises.org/HAP539aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
In this episode, Mark Thornton offers a practical “seven-word” framework for navigating economic life, especially when policy chaos and uncertainty make long-term planning harder. Mark connects everyday action (work, learning, planning, saving, spending, giving, and prayer) to core Austrian themes: purposeful choice, psychic profit, time preference, entrepreneurship under uncertainty, and the distortions created by inflation and debt-driven policy.Donate today to celebrate 20 years of Mises Media on YouTube. Donate $30 or more and we'll send you a free, physical copy of Hunter Lewis's book, Crony Capitalism in America: http://mises.org/youtube20Additional Resources"Billionaires, Workers, and the Exploitation Theory" by Bob Murphy (Human Action Podcast, Episode 534): https://mises.org/MI_164_AHuman Action by Ludwig von Mises: https://mises.org/MI_164_BMan, Economy, and State by Murray N. Rothbard: https://mises.org/MI_164_CThe Quotable Mises edited by Mark Thornton: https://mises.org/MI_164_DOrder a free paperback copy of Hayek for the 21st Century by F. A. Hayek: https://mises.org/Hayek21Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues
La economía estudia la asignación de unos recursos escasos y en la resolución de este problema ético, la filosofía es de mayor utilidad que las matemáticas. María Blanco quiere saber cómo se ha estudiado la economía a lo largo de los siglos. Esta ciencia se matematizó en la segunda mitad del siglo XX por culpa de Paul Samuelson, quien representaría mediante complejas ecuaciones las funciones de la oferta y la demanda. No siempre fue este el método de estudio, los primeros economistas se asemejaban más a los filósofos. Antes de escribir La riqueza de las naciones, Adam Smith había publicado La teoría de los sentimientos morales, un tratado sobre la moral. Por suerte, todo río regresa a su cauce. La economía del siglo XXI será filosófica, no matemática.Kapital es posible gracias a sus colaboradores:Thenomba. La escuela que te hará encontrar tu propósito.Thenomba es la escuela que te prepara para encontrar un propósito, no un trabajo.Me han hecho embajador del máster y puedo ofrecerte un descuento especial en el precio. Si quieres matricularte, utiliza el código KAPITAL20 para llevarte una rebaja del 20%. 42 oyentes de este podcast ya utilizaron el código en la exitosa edición de diciembre. Si te preguntas si esto encaja contigo, te recomiendo simplemente escuchar los episodios de hace unas semanas con Higinio Marín y Ricardo Piñero. Higinio y Ricardo son dos de los profesores del máster y esas dos entrevistas reflejan la vocación humanista de su programa. Si resuenan en tu cabeza algunas de las ideas de esas conversaciones, entonces Thenomba es para ti.Patrocina Kapital. Toda la información en este link.Índice:0:32 Un empresario paga costes antes de conocer beneficios.8:18 Valor contraintuitivo de Mercadona.14:23 Compañía de las Indias Orientales.21:04 Todos somos empresarios.32:24 Economistas con vidas de película.39:55 Batalla de gallos entre Keynes y Hayek.46:46 Innecesaria matematización de la economía.49:50 Las movidas de Veblen.54:02 Académicos multidisciplinares.1:06:20 ¿Es un historiador optimista sobre el futuro?1:15:54 Escuela de Salamanca.1:24:04 Solo los judíos podían prestar con interés.1:29:43 Tigres, leones, todos quieren ser los campeones.1:38:26 Es más fácil contar pobres que contar ricos.Apuntes:La riqueza de las naciones. Adam Smith.La teoría de los sentimientos morales. Adam Smith.Risk, uncertainty and profit. Frank Knight.The capitalist and the entrepreneur. Peter Klein.Start-up nation. Dan Senor & Saul Singer.Tratado de economia politica. Jean Baptiste Say.La acción humana. Ludwig von Mises.Teoría general de la ocupación, el interés y el dinero. John Maynard Keynes.Principios de economía política y tributación. David Ricardo.Hacia la estación de Finlandia. Edmund Wilson.Teoría de la clase ociosa. Thorstein Veblen.Economical writing. Deirdre McCloskey.Armonías económicas. Frédéric Bastiat.Bastiat as an economist. María Blanco & Carlos Rodríguez Braun.
Bob lays out California's proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax structures change incentives, and what recent migration data says about people voting with their feet.Related:Data on 2020–2024 State-to-State Migration: Mises.org/HAP538a"Where Americans Choose to Move and Where They Leave": Mises.org/HAP538bPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/OKCHAThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob lays out California's proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax structures change incentives, and what recent migration data says about people voting with their feet.Related:Data on 2020–2024 State-to-State Migration: Mises.org/HAP538a"Where Americans Choose to Move and Where They Leave": Mises.org/HAP538bPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/OKCHAThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Hoy, en TU DÍA CON EL UNIVERSAL: Morena enfrenta divisiones internas de cara al proceso electoral de 2027, el respaldo de Salma Hayek a Claudia Sheinbaum con la nueva Ley Federal de Cine que busca impulsar la industria nacional, y las medidas de la FIFA para proteger sus marcas y frases en México de cara al Mundial 2026. Noticias, contexto y análisis en un solo lugar. Dale play y... ¡Entérate!Un podcast de EL UNIVERSAL Hosted on Acast. See acast.com/privacy for more information.
Bolleboos, gabber, hoteldebotel, mesjokke, jofel, kinnesinne, sjlemiel. De rij Jiddische leenwoorden die via Amsterdam hun weg vonden naar onze spreektaal is eindeloos. Mirjam Knotter en Maarten Hell legden de Joodse geschiedenis van Amsterdam vast in Atlas van Mokum. ‘Wat het meest opvalt is de weerbaarheid van de joodse inwoners,' vertelt Mirjam Knotter. Ze hadden namen als Pulmalla en Sosankali, kwamen uit India en werden naar Afrika verscheept om daar hun wildere soortgenoten op te voeden. Dat verhaal gaat niet over mensen, maar olifanten. Sophy Robert schreef Een school voor olifanten over dit plan van de Belgische koning Leopold II. Recensent Pieter van Os bespreekt dit ‘spectaculaire boek over een krankzinnige onderneming'. Wie Trump en de populistische revolte wil begrijpen, moet volgens populismekenner Marijn Kruk het boek Hayek's Bastards: The Neoliberal Roots of the Populist Right lezen. De volgelingen van de econoom Friedrich von Hayek geloven dat de natuurlijke orde en biologische hiërarchie in ere moeten worden hersteld.
Avance histórico en apoyos al cine nacional: Hayek Papa llama a paz y prosperidad por el Año Nuevo LunarNuevo horario de noticiario desde el 16 de febreroMás información en nuestro podcast
Bob talks with Dr. Keith Smith of the Surgery Center of Oklahoma about how posting cash prices, walking away from government money, and working with self-funded employers created an alternative to the cartel of big hospitals and insurers.Politicians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/OKCHAThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob talks with Dr. Keith Smith of the Surgery Center of Oklahoma about how posting cash prices, walking away from government money, and working with self-funded employers created an alternative to the cartel of big hospitals and insurers.Politicians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/OKCHAThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Today, the term "Austrian economics" is used to designate two very different paradigms.This essay was originally published in 1993 in the Review of Austrian Economics, Volume 6, Number 2.
Was the populist far right a reaction to neoliberal free market fundamentalism? Or, as historian Quinn Slobodian argues, did such rightwing currents come out of the ideas of neoliberalism itself? Slobodian reflects on neoliberal thinkers' preoccupation with racist and misogynistic ideas of human nature and intelligence, borders and gold — all in service to their war on the left. (Encore presentation.) Quinn Slobodian, Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right Zone Books, 2025 The post The Neoliberal Roots of Rightwing Populism appeared first on KPFA.
Bob applies Mises' taxonomy of money and the regression theorem to Bitcoin, asking whether it should be classified as commodity or fiat money and whether Austrian theory really rules out Bitcoin ever becoming money.Related:Mises's The Theory of Money and Credit: Mises.org/HAP536aBob's Study Guide to The Theory of Money and Credit: Mises.org/HAP536bBob's Primer on Bitcoin: Mises.org/HAP536cPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob applies Mises' taxonomy of money and the regression theorem to Bitcoin, asking whether it should be classified as commodity or fiat money and whether Austrian theory really rules out Bitcoin ever becoming money.Related:Mises's The Theory of Money and Credit: Mises.org/HAP536aBob's Study Guide to The Theory of Money and Credit: Mises.org/HAP536bBob's Primer on Bitcoin: Mises.org/HAP536cPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Policy proposals from the White Queen. (It's a Lewis Carroll reference. No, I'm not talking about the Mad Hatter or the Red Queen. It's from "Through the Looking Glass".) Radical Markets: Uprooting Capitalism and Democracy for a Just Society By: Eric A. Posner and Eric Glen Weyl Published: 2019 384 Pages Briefly, what is this book about? A series of radical proposals for restructuring property, voting, immigration, investing, and employment. All of the proposals seek to solve the problem of "monopolized or missing markets" in ways that seem pretty strange. One has to wonder if there's a good reason those markets didn't exist in the first place. What authorial biases should I be aware of? Posner has his finger in all sorts of things, and has defended everything from post-9/11 government surveillance to increasing foreign aid. I guess the throughline is a belief in technocratic solutions? Weyl is an economist working for Microsoft who helped popularize the idea of quadratic voting, and had a political awakening while reading Ayn Rand. This feels more like his book than Posner's but perhaps I'm imagining that. Who should read this book? I read this as part of an ACX/SSC book club. Most of the people didn't like it. They felt that it was too radical. (Though you can't say we weren't warned, it's right there in the title.) But if you want to see what mechanisms Georgist economists come up with when they're completely unrestrained, this might be the book for you. What does the book have to say about the future? Hayek is famous for noting that the big advantage of markets is that they are giant distributed systems for discovering prices and allocating resources effectively. They're obviously not perfect, and socialists have long dreamt of having a centrally planned economy that would be fairer and work better. Posner and Weyl imagine a future where computing power and machine learning could take over some of the work currently being done by markets, and thereby improve the outcomes. Specific thoughts: "Six impossible things before breakfast"
Unter dem Banner der Freiheit schafft es die traditionell eigentlich illiberale politische Rechte, immer mehr Anhänger zu gewinnen. Warum das so ist und wie wir damit umgehen sollen, erklärt die Sozialwissenschaftlerin Laura Wolters in ihrem Vortrag. Laura Wolters ist Sozialwissenschaftlerin und arbeitet in der Forschungsgruppe "Demokratie und Staatlichkeit" am Hamburger Institut für Sozialforschung. Ihren Vortrag "Notfalllibertäre, Postliberale, Verfassungspatrioten? Die radikale Rechte und ihr Verhältnis zur Freiheit" hat sie am 10. Dezember 2025 im Rahmen der Vortragsreihe "Die Verfassung der Freiheit – Demokratieprobleme der Gegenwart".**********+++ Deutschlandfunk Nova +++ Hörsaal +++ Vortrag +++ Wissenschaft +++ Politik +++ Politikwissenschaft +++ Sozialwissenschaft +++ Sozialforschung +++ Freiheit +++ Demokratie +++ Rechte +++ Neue Rechte +++ Radikale Rechte +++ AfD +++ Rechtspopulismus +++ Populismus +++ Liberalismus +++ Antiliberalismus +++ Autoritarismus +++ Meinungsfreiheit +++ Redefreiheit +++ Versammlungsfreiheit +++ Wissenschaftsfreiheit +++ Freiheitsrechte +++ Freiheitliche Demokratische Grundordnung +++ Verfassung +++ Grundrechte +++ Grundgesetz +++**********In dieser Folge mit: Moderation: Katrin Ohlendorf Vortragende: Dr. Laura Wolters, Wissenschaftlerin in der Forschungsgruppe "Demokratie und Staatlichkeit" am Hamburger Institut für Sozialforschung**********Ihr hört in diesem Hörsaal:1:49 - Vortragsbeginn6:09 - Zentrale Fragen und Vortragsaufbau37:36 - Zwischenfazit44:14 - Schlussworte**********Quellen aus der Folge:Rita Abrahamsen et al. (2024): World of the Right: Radical Conservatism and Global Order. Cambridge University Press. Quinn Slobodian (2025): Hayek's Bastards. The Neoliberal Roots of the Populist Right. Allen Lane. Matt Sleat (2025): Post-Liberalism. Polit. Carolin Amlinger, Oliver Nachtwey (2022): Gekränkte Freiheit. Aspekte des libertären Autoritarismus. Suhrkamp. **********Mehr zum Thema bei Deutschlandfunk Nova:Krise der Demokratie: Wie sich AfD-Wähler zurückgewinnen lassenRechtsextremismus: Die Vordenker der Neuen RechtenDebattenkultur: Von der Angst, seine Meinung zu sagen**********Den Artikel zum Stück findet ihr hier.**********Ihr könnt uns auch auf diesen Kanälen folgen: TikTok und Instagram .
This episode of The New Abnormal podcast features Deborah Hayek, who leads Foresight & Innovation at Servus Credit Union, in Canada.She brings over a decade of experience integrating strategic foresight into business strategy within major financial institutions. Previously, at the forefront of Manulife's Global Innovation team, Deborah served as Head of Strategic Foresight, driving foresight initiatives across business lines and shaping innovation strategy through macro trend analysis and immersive engagement tools. Prior to that, she built and led the future-focused R&D team within Desjardins's Innovation Lab.In parallel, Deborah designs and teaches executive education at HEC Montréal, equipping senior leaders with the methods and mindset to navigate uncertainty and seize future opportunities. Through bilingual instruction, she aims to make strategic foresight both practical and accessible to leaders shaping tomorrow's economy. She discusses all of the above in our discussion, which I hope you find as interesting as I did. And you can read her newsletter on corporate foresight 'The Sparkline' on Substack...
À compter de ce samedi 1er février, l'Unrwa, l'agence de l'ONU pour les réfugiés palestiniens, va être contrainte de réduire de 20% ses opérations dans la région, faute de dons suffisants. Le Liban en est l'illustration. Dans les douze camps de réfugiés que compte le pays, les Palestiniens dépendent de l'agence onusienne pour l'éducation, la santé et la gestion des infrastructures. Ces coupes budgétaires mettent en péril encore un peu plus l'avenir de ces réfugiés, dont les ancêtres ont dû fuir leurs terres au moment de la création d'Israël en 1948. De notre correspondante de retour de Chatila, Dans les ruelles étroites du camp de Chatila, un chaos de fils électriques ne laisse passer que quelques rayons de soleil. Noha et Kaouthar viennent de récupérer leurs enfants de l'école Ramallah de l'Unrwa, dont les coupes budgétaires sont sur toutes les lèvres. Noha Mouhaisin, une mère de famille de 44 ans, est habitante de Chatila. Elle a cinq enfants. « Je devais faire une opération nécessaire et urgente, ils m'ont dit qu'ils ne pouvaient pas la prendre en charge. Si je n'avais pas trouvé des gens pour m'aider, j'y serais passée honnêtement, car c'était sérieux. Et les étudiants, c'est la même chose : nos enfants risquent de perdre leur éducation. Nous, on veut qu'ils soient éduqués. Jusqu'où va-t-on tomber ? », se demande-t-elle. Cette autre habitante de Chatila, âgée de 45 ans, explique sa situation. « Mon fils a un handicap et je recevais une aide de 50 dollars tous les trois mois, et même ça, ils nous l'ont enlevée. Ça nous aidait vraiment », souligne Kaouthar el Hayek, mère de quatre enfants et couturière de formation. « Il manque 220 millions de dollars de budget à l'Unrwa » Au Liban, les réfugiés palestiniens sont privés de nombreux droit,s comme l'exercice de métiers qualifiés ou l'accès à la propriété et aux services publics. À cause de ces restrictions, 80% d'entre eux vivent sous le seuil de pauvreté. L'Unrwa est leur seul filet de sécurité. Mais, l'agence doit réduire de 20% ses opérations et ses salaires. Dorothée Klaus, directrice de l'UNRWA au Liban, s'alarme de ces conséquences : « Il manque 220 millions de dollars de budget à l'Unrwa sur son budget global et nous n'avons pas reçu d'indication selon laquelle il pourrait y avoir des solutions pour combler ce déséquilibre budgétaire. Ici, au Liban, il n'y a absolument pas d'alternative à l'Unrwa. Les réfugiés dépendent de nous. Sans nous, il n'y aurait plus d'éducation pour 70% des enfants palestiniens qui vont dans nos écoles, plus de soins pour les 200 000 patients qui dépendent de nos hôpitaux et centres de santé primaire. » À lire aussiL'ONU dévoile son plan de réforme et de réduction budgétaire, avec des conséquences pour ses membres « En finir avec l'Unrwa, c'est en finir avec le dossier des réfugiés » Au-delà de l'humanitaire, l'Unrwa revêt une importance politique pour les Palestiniens, synonyme de droit au retour. Car de génération en génération, l'agence leur délivre une carte de réfugiés. Un symbole que cherche à détruire le gouvernement de Benyamin Netanyahu, fort de représentants de l'extrême droite israélienne. Khaled Abou Nour, membre du comité populaire affilié à l'Organisation de libération de la Palestine à Chatila, réagit : « Bien sûr, les Israéliens se disent que tant que l'Unrwa existera, il y aura des réfugiés palestiniens. En finir avec l'UNRWA, c'est en finir avec le dossier des réfugiés, et c'est ce qui se passe en Palestine, en particulier à Jérusalem, où le siège de l'Unrwa a été détruit. Et à Gaza, où ils empêchent l'Unrwa de faire entrer de l'aide. Tout ça est une manière pour eux d'essayer d'en finir avec la question des réfugiés palestiniens, et d'en faire des citoyens lambda que l'on peut expulser n'importe où dans le monde. » Face à l'urgence, l'Unrwa en appelle au soutien des pays donateurs. À lire aussiDestruction des bâtiments de l'Unrwa à Jérusalem: «Israël piétine les règles les plus élémentaires du droit international»
Pokud se vám přednáška líbila a shledáváte ji hodnotnou, prosím, pošlete dobrovolný příspěvek v krypto či korunách! Pravidelná podpora a LN: https://opristavu.urza.cz/ BTC: bc1qqs0sutxykl5h97xa0fcu4qaptvkvq5ecm52qn9 LTC: ltc1qpcnumcpvx2a77p0shkxwawc555nepy25l0n090 Číslo účtu: 2201359764/2010; variabilní symbol: 5 -- V prosinci vystoupí v rámci cyklu Anarchokapitalismus se svou přednáškou Štěpán Drábek; bude zabývat příspěvky F. A. Hayeka, rakouského filozofa a ekonoma s moravskými kořeny, k monetární ekonomii. Konkrétně se zaměří na Hayekovu ranou kritiku stabilizace cenové hladiny (dílo Prices and Production), která dle něj iniciuje hospodářský cyklus, a na Hayekův návrh odluky peněz od státu (díla Denationalisation of Money, Choice in Currency a další). Zaměřím se též na pozoruhodný vývoj Hayekova postoje k možnosti existence nestátních peněz v čase – od jeho díla The Road to Serfdom, přes The Constitution of Liberty až po Law, Legislation, and Liberty. Prezentace: https://prednasky.urza.cz/ll/ – Štěpán Drábek; ekonom; analytik Institutu liberálních studií; libertarián; hledač pravdy
Bob responds to James Rickards' recent tweet on record U.S. gold exports driving an improved trade balance, walking through the official data on non-monetary gold, Trump-era tariff uncertainty, and the broader question of what chronic trade deficits really mean in a post-gold-standard world. Related:The Charts Used in this Episode: Mises.org/HAP535aPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob responds to James Rickards' recent tweet on record U.S. gold exports driving an improved trade balance, walking through the official data on non-monetary gold, Trump-era tariff uncertainty, and the broader question of what chronic trade deficits really mean in a post-gold-standard world. Related:The Charts Used in this Episode: Mises.org/HAP535aBob's Recent Talk on Trade Deficits: Mises.org/HAP535bBob's Econlib Article on Oil Prices: Mises.org/HAP535cPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
In this episode of In Theory, Disha Karnad Jani interviews Quinn Slobodian on his latest book, "Hayek's Bastards: The Neoliberal Roots of the Populist Right" (Zone Books, 2025). Here, Slobodian looks to the likes of Murray Rothbard, Charles Murray, and Javier Milei and their (mis)readings of Friedrich von Hayek and Ludwig von Mises to reveal the entangled relationship between neoliberalism after the end of the Cold War and the emergence of the Far Right today.
Bob revisits Böhm-Bawerk's critique of the exploitation theory of interest to answer modern claims that billionaires like Elon Musk must have “stolen” their wealth from workers who supposedly create 100 percent of a firm's value.Related:Böhm-Bawerk's Critique of the Exploitation Theory of Interest: Mises.org/HAP534aBöhm-Bawerk's Karl Marx and the Close of His System: Mises.org/HAP534bPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob revisits Böhm-Bawerk's critique of the exploitation theory of interest to answer modern claims that billionaires like Elon Musk must have “stolen” their wealth from workers who supposedly create 100 percent of a firm's value.Related:Böhm-Bawerk's Critique of the Exploitation Theory of Interest: Mises.org/HAP534aBöhm-Bawerk's Karl Marx and the Close of His System: Mises.org/HAP534bPoliticians don't build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob talks with Dr. Peter Klein about the recent U.S. operation in Venezuela and the social-media backlash against “international law,” using it as a springboard to clarify what law is, how it can exist without a world government, and why Austrians care about polycentric legal orders.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob talks with Dr. Peter Klein about the recent U.S. operation in Venezuela and the social-media backlash against “international law,” using it as a springboard to clarify what law is, how it can exist without a world government, and why Austrians care about polycentric legal orders.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
My guest today is Cass R. Sunstein, University Professor at Harvard and one of the most influential legal and political thinkers of our time. A prolific author of dozens of books and hundreds of academic articles, Cass has shaped debates in constitutional law, administrative law, behavioral economics, and public policy. He is regularly ranked amongst the very top of the most cited legal scholars alive. Cass also served as Administrator of the White House Office of Information and Regulatory Affairs under President Obama. He has advised governments and international organizations around the world, and was awarded the Holberg Prize, the equivalent of a Nobel in law and the humanities.His latest book, On Liberalism: In Defense of Freedom, is a systematic defense of the liberal tradition at a moment when it is, as he shows, under unprecedented pressure. Our conversation is centered around his book. We begin with the urgency at the heart of the book: how liberalism confronts critiques from moral conservatives and egalitarian progressives alike, what it means to defend the liberal framework in an era of fragmentation, etc. We then turn to questions of scaling: does liberalism have internal patterns or institutional mechanisms that allow it to scale across diverse societies. We grapple with how the liberal tradition's “big tent” of thinkers (from Mill and Hayek to Roosevelt's Second Bill of Rights) impact liberalism ability to scale. We also explore how liberalism navigates technological change, expertise versus public accountability, and the pretence of knowledge. I hope you enjoy our discussion.You can follow me on X (@ProfSchrepel) and BlueSky (@ProfSchrepel).**References:On Liberalism (MIT Press, 2025) https://mitpress.mit.edu/9780262049771/on-liberalism/
THE TIM JONES AND CHRIS ARPS SHOW 0:00 SEG 1 Today's Speaker's Stump Speech is brought to you by https://www.hansenstree.com/ and is titled "Hayek, Orwell, and the end of truth" 19: 11 SEG 2 Anna Giaritelli, Homeland Security Reporter for the Washington Examiner || TOPIC: 70% of all illegal immigrants arrested by ICE under the Trump administration are either convicted criminals or individuals with pending criminal charges in the United States. | Anna will break down: Why so many “non-criminal arrests” turn out to be foreign fugitives or public-safety threats • How local non-cooperation (sanctuary policies) forces ICE to conduct street and workplace operations • How the Trump administration is expanding enforcement into courthouses, worksites, farms, and major cities • The political and operational implications heading into 2026 annagiaritelli.comx.com/Anna_Giaritelli 36:38 SEG 3 Rubio going to coach the Miami Dolphins https://newstalkstl.com/ FOLLOW TIM - https://twitter.com/SpeakerTimJones FOLLOW CHRIS - https://twitter.com/chris_arps 24/7 LIVESTREAM - http://bit.ly/NEWSTALKSTLSTREAMS RUMBLE - https://rumble.com/NewsTalkSTL See omnystudio.com/listener for privacy information.
This week, Bob talks with macroeconomist Roger Farmer—who places himself “between Keynes and Hayek”—about how twentieth-century macroeconomics evolved. They discuss how overlapping generations and search theory change the story on unemployment and asset prices, and where Professor Farmer thinks both neoclassicals and MMT advocates go wrong. Farmer contrasts the old “rocking horse” vision of the economy with his preferred “windy boat” metaphor, where the economy can drift for long periods, and variables like unemployment behave more like random walks than quick returns to a single steady state.Related:Professor Farmer's Article, "How New Keynesian Economics Betrays Keynes": Mises.org/HAP532aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
This week, Bob talks with macroeconomist Roger Farmer—who places himself “between Keynes and Hayek”—about how twentieth-century macroeconomics evolved. They discuss how overlapping generations and search theory change the story on unemployment and asset prices, and where Professor Farmer thinks both neoclassicals and MMT advocates go wrong. Farmer contrasts the old “rocking horse” vision of the economy with his preferred “windy boat” metaphor, where the economy can drift for long periods, and variables like unemployment behave more like random walks than quick returns to a single steady state.Related:Professor Farmer's Article, "How New Keynesian Economics Betrays Keynes": Mises.org/HAP532aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob uses three recent controversies–Richard Murphy's “Christmas all year” claim, Elon Musk's net worth, and Ron DeSantis on the Great Depression–to clear up common economic fallacies about work, wealth, and wartime spending.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob uses three recent controversies–Richard Murphy's “Christmas all year” claim, Elon Musk's net worth, and Ron DeSantis on the Great Depression–to clear up common economic fallacies about work, wealth, and wartime spending.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.Original article: https://mises.org/mises-wire/why-hayek-rejected-merit-based-equality
In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.Original article: https://mises.org/mises-wire/why-hayek-rejected-merit-based-equality
Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost of living, unify competing price indices, and handle changing preferences over time, and why Austrians shouldn't dismiss him as a crank. He summarizes Eric's claim that standard mathematical economics relies on the simplest kind of derivative, explaining how much of modern economic modeling is using the wrong math.Related: Bob's Interview with Eric Weinstein on the InFi Podcast: Mises.org/HAP530aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost of living, unify competing price indices, and handle changing preferences over time, and why Austrians shouldn't dismiss him as a crank. He summarizes Eric's claim that standard mathematical economics relies on the simplest kind of derivative, explaining how much of modern economic modeling is using the wrong math.Related: Bob's Interview with Eric Weinstein on the InFi Podcast: Mises.org/HAP530aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
This week, Bob walks through two related debates: Hoppe's criticism of Argentina's President Milei for not immediately closing Argentina's central bank, and the follow-up exchange between Guido Hülsmann and Philipp Bagus on Mises.org over dollarization and the peso. Along the way, he reviews Mises's distinctions among commodity, credit, and fiat money, the concepts of money substitutes and fiduciary media, and the interesting structure of Argentina's short-term central bank debtGuido Hülsmann and Philipp Bagus' Debate on Mises.org: Mises.org/HAP529aThe Human Action Podcast Episode with Nicolás Cachanosky: Mises.org/HAP529bBob's Study Guide to The Theory of Money and Credit: Mises.org/HAP529cThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
This week, Bob walks through two related debates: Hoppe's criticism of Argentina's President Milei for not immediately closing Argentina's central bank, and the follow-up exchange between Guido Hülsmann and Philipp Bagus on Mises.org over dollarization and the peso. Along the way, he reviews Mises's distinctions among commodity, credit, and fiat money, the concepts of money substitutes and fiduciary media, and the interesting structure of Argentina's short-term central bank debtGuido Hülsmann and Philipp Bagus' Debate on Mises.org: Mises.org/HAP529aThe Human Action Podcast Episode with Nicolás Cachanosky: Mises.org/HAP529bBob's Study Guide to The Theory of Money and Credit: Mises.org/HAP529cThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
On Tuesday's Mark Levin Show, history teaches us and helps demonstrate what patriotism is. But how can we demand patriotism from immigrants when we have American citizens on the neo-fascist right who trash our history? These people are not America first. How can they be America first when they don't understand our history, or founding? They will ensure that the Republicans lose the midterms and the Democrats choose the next president by causing even a small number of Republican and conservative voters to stay home. And the Marxist-Islamist left loves Carlson and the rest of them, as do the Democrat media that continuously promotes them. They know that he and his ilk will deliver them victories. We must do all we can to overcome this. Later, socialism light is not the answer to affordability. Capitalism is how you create prosperity and growth, which creates affordability and supply. Socialism light is also ineffective against aggressive socialism and the RINO proponents sound like liberals or Marxists. They lack coherent philosophy and resort to attacks while ignoring historical lessons from great minds like Milton Friedman, Mises, Hayek, Adam Smith, Reagan, and Trump. Afterward, Secretary of War Pete Hegseth is doing an excellent job. That's why the hate America Democrats relentlessly attack him. They need to get the hell off his back and condemn our enemies instead! Finally, Steve Hilton calls in to discuss his race for Governor of California. He can achieve a political upset next year by adopting Trump's common-sense approach nationwide, focusing on addressing bloated government and high costs driven by the climate insanity. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Nobel Prize for economics has gone to some serious winners over the years -- Hayek, Friedman, and Mundell come to mind. But the Nobel committee has shamed itself over the years as well (looking at you, Krugman), and more recently seemed to indicate a bias toward so-called economic justice than actual economic productivity and prosperity. That is why this year's winners are an encouragement to those of us who see growth as a moral good, and a rising standard of living for all as dependent on progress, innovation, and growth. It is good for the field of economics when good work is rewarded that explains how the world works, and why. It is far better than rewarding econometrics that explain neither.Show Notes:WSJ article by David Henderson Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist who correctly called the housing bubble, warns that we're living in an everything bubble with a flock of black swans ready to ignite a crisis. From commercial real estate cover-ups to private equity opacity, data center spending without defined returns, and trillions in government debt, Dr. Thornton explains how Fed manipulation and artificial interest rates have created malinvestments across the economy—and why Trump's push for lower rates will only fuel more bubble activity. He breaks down Austrian Business Cycle Theory, why we're on the on-ramp to hyperinflation with 2026 looking turbulent, and makes the case for gold and silver as essential hedges against fiat money depreciation in a world of central bank money printing and currency debasement.This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJuliaLinksX: https://x.com/DrMarkThorntonFree Hayek book: https://store.mises.org/Hayek-for-the-21st-Century-P11367.aspxMises Institute: https://mises.org/profile/mark-thorntonTimestamps: 0:00 Intro and welcome Dr. Mark Thornton 01:09 Concerns about the macro economy 6:35 Fed manipulation creating vast array of potential swans 12:00 What if inflation ticks up? Long-term government debt and currency depreciation fears 14:50 Living through an everything bubble 18:40 Fed outlook22:30 Austrian Business Cycle Theory explained 28:30 Malinvestment and artificial credit expansion 34:50 Who really benefits from the Fed's policies? 44:50 Inflation to pay off the national debt 46:00 Gold and silver as hedges against fiat money depreciation 52:40 Early on in the precious metals bull market, silver going above $50 is 'the end of the beginning' 1:00:03 Path to hyperinflation 1:07:01 Bitcoin and Austrian School of Economics compatibility 1:10:31 Final thoughts and closing
Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover's alleged inaction, the role of the Fed and the gold standard, and the notion that World War II ended the slump.Bob's Article, "The Depression You've Never Heard Of: 1920-1921": Mises.org/HAP528aBob's Talk, "Contrasting Views of the Great Depression": Mises.org/HAP528bThe WIRED Video, "Economics Professor Answers Great Depression Questions": Mises.org/HAP528cThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Bob revisits capital and interest theory to show why the textbook result “interest = MPK” only holds in a one-good world, and why in actual markets the interest rate emerges from time, prices, and capital valuation—not raw productivity.Bob and Alberto Bisin Discuss the Use of Mathematics in Economics: Mises.org/HAP527aBob's Dissertation, "Unanticipated Intertemporal Change in Theories of Interest": Mises.org/HAP527bThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
Meet my friends, Clay Travis and Buck Sexton! If you love Verdict, the Clay Travis and Buck Sexton Show might also be in your audio wheelhouse. Politics, news analysis, and some pop culture and comedy thrown in too. Here’s a sample episode recapping four takeaways. Give the guys a listen and then follow and subscribe wherever you get your podcasts. Mamdanism President Trump will meet New York City Mayor-elect Zohran Mamdani at the White House, a high-profile sit-down that underscores deep ideological divides. Buck analyzes Mamdani’s progressive agenda, including proposals for rent freezes, free public buses, and universal childcare, arguing these policies mirror failed socialist experiments and will worsen housing scarcity in New York City. He explains how government intervention in markets—such as rent control—creates artificial constraints that drive up costs and reduce housing availability, citing economic principles from Hayek’s Road to Serfdom. Buck warns that Mamdani’s tax-hike plans targeting corporations and high earners will further destabilize the city’s economy. FL Gov. Ron DeSantis Buck welcomes FL Governor Ron DeSantis for an in-depth discussion on Florida’s bold proposal to eliminate property taxes on homesteaded properties. DeSantis explains the economic rationale: skyrocketing property valuations are squeezing young families, while local governments have ballooned budgets from $32 billion in 2019 to $56 billion today. He argues that cutting homestead property taxes would protect true homeownership, reduce market distortions, and leverage Florida’s unique tax base, which relies heavily on non-resident property owners. DeSantis outlines plans for a 2026 ballot initiative, addresses concerns about special interests, and contrasts Florida’s lean, results-driven governance with New York’s bloated spending under progressive leadership. The conversation also touches on New York City Mayor-elect Zohran Mamdani’s agenda, warning that policies like rent freezes and anti-police measures will accelerate urban decline. WI Sen. Ron Johnson Wisconsin Senator Ron Johnson of Wisconsin, who discusses alarming revelations about the FBI’s handling of the Thomas Crooks assassination attempt on President Trump. Johnson suggests the Bureau may have withheld critical information about Crooks’ online activity, including radicalization indicators, and criticizes the lack of transparency despite bipartisan efforts to investigate. He confirms his committee is pursuing independent inquiries and warns that more details will surface. The conversation shifts to the Epstein Transparency Act, which passed Congress with near-unanimous support. Johnson explains why the Senate fast-tracked the measure and outlines concerns about protecting victims while ensuring public disclosure. He predicts the DOJ will release files within 30 days of Trump’s signature, though some material may remain withheld for legal reasons. Buck and Johnson agree this rare bipartisan moment reflects overwhelming public demand for accountability in the Epstein case. Johnson also tackles FBI abuses under “Operation Arctic Frost,” describing it as a partisan dragnet targeting Trump allies, Republican groups, and even ordinary citizens in Wisconsin. He calls for full exposure of communications between Biden officials and outside legal operatives, framing the probe as an attempt to criminalize lawful political activity. The senator further advocates ending the Senate filibuster, aligning with Trump’s position to secure election integrity, repair Obamacare’s failures, and advance conservative reforms. Bye, Bye, Dept. of Ed? Buck analyzes Karoline Leavitt’s fiery White House briefing, where she announced a major step toward dismantling the Department of Education. Leavitt detailed plans to redistribute its functions across other agencies, moving toward Trump’s campaign promise to return education control to states and eliminate federal overreach. Buck applauds the move, arguing the Department has long served as a progressive policy arm rather than an educational necessity. The show also previews Trump’s upcoming meeting with New York City Mayor-elect Zohran Mamdani, which Levitt characterized as a stark contrast between Trump’s pragmatic leadership and Mamdani’s far-left agenda. Buck predicts fireworks from the meeting and critiques Mamdani’s socialist proposals, including rent freezes and free public transit, as disastrous for New York’s economy. Make sure you never miss a second of the show by subscribing to the Clay Travis & Buck Sexton show podcast wherever you get your podcasts! ihr.fm/3InlkL8 For the latest updates from Clay and Buck: https://www.clayandbuck.com/ Connect with Clay Travis and Buck Sexton on Social Media: X - https://x.com/clayandbuck FB - https://www.facebook.com/ClayandBuck/ IG - https://www.instagram.com/clayandbuck/ YouTube - https://www.youtube.com/c/clayandbuck Rumble - https://rumble.com/c/ClayandBuck TikTok - https://www.tiktok.com/@clayandbuck YouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.
Prompted by an online debate about whether economics belongs with the hard sciences, Bob reviews common defenses of mainstream practice and explains why they don't settle the scientific status of the field. He outlines the Mises–Rothbard view: economics as praxeology (logic of action), closer to geometry than laboratory testing, with core insights on opportunity cost, incentives, prices, money, and policy constraints that don't depend on forecasting the exact timing of crashes.Understanding Money Mechanics: Mises.org/HAP526aBob's Mises Daily Article, "Economists Can Be Hilarious": Mises.org/HAP526bHoppe's Economic Science and the Austrian Method: Mises.org/HAP526cLessons for the Young Economist: Mises.org/HAP526dThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
You begged us to stop talking about gender, and start talking about economics. So by popular demand we just made up, the Dorx discuss F.A. Hayek's The Road To Serfdom for an hour. Collectivism! Individualism! Planned economies! Marx! Socialism, Communism, and Capitalism! Power! Competition! If that doesn't thrill you or make you fall asleep, we also mention fleas and liquid crystals.Although we answer your not-actually-existent pleas to talk economics, we failed to answer your Listener Questions. Next time, my little turtledoves! Feel free to leave more in the comments.Links:The Road to Serfdom by F.A. Hayek: https://archive.org/details/in.ernet.dli.2015.46585Condensed Reader's Digest version: https://cdn.mises.org/Road%20to%20serfdom.pdfF.A. Hayek: https://www.econlib.org/library/Enc/bios/Hayek.html Get full access to Heterodorx Podcast at heterodorx.substack.com/subscribe
Dr. Jonathan Newman joins the Human Action Podcast to discuss his recent QJAE article disputing the claim that 'sticky prices' prevent markets from clearing--i.e., when the quantity supplied equals the quantity demanded. Dr. Newman applies Mises's “plain state of rest” to show that each voluntary exchange equates quantities supplied and demanded, so observed “stickiness” doesn't imply non-clearing markets."There Ain't No Such Thing as a Sticky Price": Mises.org/HAP525aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree
I discuss my visit to the University of Chicago, my lecture and the attendees at the conference in question, and the incredible books that I purchased at a used bookstore close to the university (on von Mises, Hayek, Friedman, Sowell, Galen, Adam Smith, and by E. O. Wilson, etc.). Life lesson: Read, read, read! _______________________________________ If you appreciate my work and would like to support it: https://subscribestar.com/the-saad-truth https://patreon.com/GadSaad https://paypal.me/GadSaad To subscribe to my exclusive content on X, please visit my bio at https://x.com/GadSaad _______________________________________ This clip was posted on November 10, 2025 on my YouTube channel as THE SAAD TRUTH_1935: https://youtu.be/Wv53M3bLDzA _______________________________________ Please visit my website gadsaad.com, and sign up for alerts. If you appreciate my content, click on the "Support My Work" button. I count on my fans to support my efforts. You can donate via Patreon, PayPal, and/or SubscribeStar. _______________________________________ Dr. Gad Saad is a professor, evolutionary behavioral scientist, and author who pioneered the use of evolutionary psychology in marketing and consumer behavior. In addition to his scientific work, Dr. Saad is a leading public intellectual who often writes and speaks about idea pathogens that are destroying logic, science, reason, and common sense. _______________________________________