Podcasts about Hayek

Jonathan Newman returns to join Bob in a critique of Eliezer Yudkowsky's viral theory of investment bubbles. Yudkowsky states that the bad investment during bubbles should be felt before the bubble pops, not after. They argue that his perspective—while clever—fails to consider the Austrian insights on capital structure, time preference, and the business cycle. They use analogies from apple trees to magic mushrooms to show why Austrian economics provides the clearest explanation for booms, busts, and the pain that follows.Eliezer Yudkowsky's Theory on Investment Bubbles: Mises.org/HAP520aBob's Article "Correcting Yudkowsky on the Boom": Mises.org/HAP520bBob's on The Importance of Capital Theory: Mises.org/HAP520cJoe Salerno on Austrian Business Cycle Theory: Mises.org/HAP520dDr. Newman's QJAE Article on Credit Cycles: Mises.org/HAP520eThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

“The origin was really trying to make sense of that 2016-2017 moment and to ask whether the alt-right was, as we were being told, a return to the 1930s, a kind of awakening of the sleeping beast of white supremacy armed in the streets in the United States. There are many explanations, but I decided to take this kind of curious route in with the distorted readings and reinterpretations of the works of people like Ludwig von Mises and Friedrich Hayek. As a scholar of comparative literature, I wanted to write a revision based on Crack-Up Capitalism.”In this episode of the Speaking Out of Place podcast, Professor David Palumbo-Liu talks with Quinn Slobodian about his new book, Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. He takes a deep dive into the genesis of a weird and powerful merging of two seemingly different groups the Far Right and neoliberals. Slobodian writes, “as repellent as their politics may be these radical thinkers are not barbarians the gates of neoliberalism but the bastard offspring of that line of thought itself.” They talk about how this meshing is driven by a primitive desire to ward off egalitarianism, difference, democracy, and government that services the common good. The wide-ranging talk ends with addressing DOGE, Trump's tariffs, and yes, the Jeffrey Epstein case.Quinn Slobodian is a professor of international history at the Frederick S. Pardee School of Global Studies at Boston University. His books, which have been translated into ten languages, include Globalists: The End of Empire and the Birth of Neoliberalism, Crack-Up Capitalism: Market Radicals and the Dream of a World without Democracy, and Hayek's Bastards: Race, Gold, IQ and the Capitalism of the Far Right . A Guggenheim Fellow for 2025-6, he has been an associate fellow at Chatham House and held residential fellowships at Harvard University and Free University Berlin. Project Syndicate put him on a list of 30 Forward Thinkers and Prospect UK named him one of the World's 25 Top Thinkers.https://speakingoutofplace.comBluesky @palumboliu.bsky.socialInstagram @speaking_out_of_place

Professor Georgy Ganev joins Bob to explain that, contrary to the claims of David Graeber and the MMTers, the barter origin of money has not been refuted. The anthropological evidence is consistent with the Mengerian story, and Mises' regression theorem remains the only coherent explanation for money's value. Professor Ganev's Paper, "Has the barter theory of the origins of money been rejected?": Mises.org/HAP519aThe 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, Trevor welcomes Justin Hayek of Ventum Financial to analyze the current bull market in the mining sector, which has seen a significant run over the last year. They discuss how the "easy money" has been made and how capital is now flowing downstream into development and junior exploration companies. Hayek highlights the massive influx of institutional capital seen in recent oversubscribed financings and describes the current M&A environment as intelligent and healthy. Finally, the conversation looks ahead to where value can still be found, focusing on critical minerals and takeover candidates, while pondering if this bull market could have a multi-year run similar to the 2002-2007 cycle.

Professor Georgy Ganev joins Bob to explain that, contrary to the claims of David Graeber and the MMTers, the barter origin of money has not been refuted. The anthropological evidence is consistent with the Mengerian story, and Mises' regression theorem remains the only coherent explanation for money's value. Professor Ganev's Paper, "Has the barter theory of the origins of money been rejected?": Mises.org/HAP519aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

On the latest episode of Minor Issues, Mark Thornton critiques “green” mandates through the seen–unseen lens, contrasting them with conservation grounded in property rights and price signals. He spotlights silver—vital for electronics, medicine, and water filtration, hard to recycle, and mostly a mining byproduct—now in multi-year supply deficits. Subsidies for solar and EVs accelerate silver consumption and divert it from higher-value uses into short-lived installations. Real conservation comes from ownership, profit and loss, and interest rates, not bureaucratic targets.Donate $5 today to support the Mises Institute's Fall Campaign and receive a physical copy of Hayek for the 21st Century: https://mises.org/mi25A special bonus offer for Minor Issues listeners: donate to the Mises Institute's Fall Campaign and receive a signed copy of Free Trade in the 21st Century: https://mises.org/mi25Be sure to follow Minor Issues at https://Mises.org/MinorIssues

New letters, from Murray Rothbard to Frank Meyer, have been discovered by researcher Daniel Flynn detailing some of Rothbard's earliest views on Ayn Rand, and what later went wrong. This week is our Fall Campaign! Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/RR25 https://Mises.org/RR25Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

On this episode of Power and Market, the roundtable promotes our Mises Institute fall campaign, bashes Attorney General Pam Bondi, has little sympathy for Jimmy Kimmel, and questions Trump's recent comments on Russia and Afghanistan.This week is our Fall Campaign! Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/PM25Join Ryan, Connor, and Tho in beautiful Delray Beach, Florida at the 2025 Mises Institute Supporters Summit. Learn more here.

New letters, from Murray Rothbard to Frank Meyer, have been discovered by researcher Daniel Flynn detailing some of Rothbard's earliest views on Ayn Rand, and what later went wrong. This week is our Fall Campaign! Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/RR25 https://Mises.org/RR25Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Richard Epstein dives into the controversy surrounding Jimmy Kimmel, the FCC, and free speech. Using the recent dust-up as a starting point, Epstein traces the history of the Federal Communications Commission from its origins in the 1930s through landmark cases like Red Lion. He explains how government licensing of the broadcast spectrum opened the door to censorship, distortion, and inefficiency—and why libertarians like Ronald Coase pushed for a market-based approach instead. Professor Epstein also contrasts Hayek's vision of free entry with Felix Frankfurter's regulatory mindset, explores the limits of “public interest” obligations, and shows how today's fragmented media landscape makes FCC power increasingly obsolete.

The political establishment is trying to stoke panic that Trump is “politicizing” the Federal Reserve. But it's already political. The real danger, from their perspective, is not that Trump is changing the Fed; it's that he's making its true nature harder to hide.Read the article here: https://mises.org/mises-wire/establishment-fears-about-trumps-focus-fed-are-about-optics-not-policyThis week is our Fall Campaign here at the Mises Institute. Donate $5 today and receive a physical copy of Hayek for the 21st Century: https://Mises.org/gb25Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Brien Lundin & New Orleans Investment Conference This conference has historically had some of the biggest name speakers like Ayn Rand, Margaret Thatcher, and F.A. Hayek. This year is promising more big names, like Robert Kiyosaki, Mike Maloney, Rick Rule, and Dana Samuelson in addition to many more! Brien makes sure that great speakers, intelligent attendees, and educational opportunities all day long create a fun, rewarding experience for anyone that is a part of the event. You can learn from the speakers, the vendors, and other attendees on topics from precious metals, mining, oil wells, real estate, economics, and geopolitics. If you want to learn how to protect your wealth and grow your assets, you'll want to attend this spectacular event! https://neworleansconference.com/realpowerfamilyradioshow/ Sponsors: American Gold Exchange Our dealer for precious metals & the exclusive dealer of Real Power Family silver rounds (which we finally got in!!!). Get your first, or next bullion order from American Gold Exchange like we do. Tell them the Real Power Family sent you! Click on this link to get a FREE Starters Guide.

Quinn Slobodian, author of Hayek's Bastards, speaks about the eugenics/race science tendencies within High Church Neoliberalism. Molly White looks at stablecoins and the Trump–UAE deal. Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global.

Today my guest is Matthew McManus. Matt McManus is an incoming assistant professor of political theory at Spellman College. He is the author of The Political Right and Equality as well as The Political Theory of Liberal Socialism, which we are discussing today. McManus sees himself as engaging in a project of retrieval of a forgotten tradition of thought within the liberal tradition which advocates for socialist ends. This is a project with which I have some affinity as a liberal anarchist, but I have some big disagreements with how he sees the difference between liberal socialists and other more pro-market liberals as well as the institutional form he thinks liberal socialism should take: a form of statist social democracy. You will see us get into those disagreements at the end of the discussion. Show Notes Matthew McMannus, The Political Theory of Liberal Socialism Jason Lee Byas, Radical Liberalism: The Soul of Libertarianism Judith Shklar, The Liberalism of Fear Charles Taylor, Modern Social Imaginaries David Dyzenhaus, Hobbes and the Law Thomas Paine, Rights of Man Thomas Paine, Agrarian Justice Isaac Kramnick, The Rage of Edmund Burke Edmund Burke, A Vindication of Natural Society Helen McCabe, John Stuart Mill, Socialist Chris Matthew Sciabarra, Hayek, Marx, and Utopia Karl Marx, Critique of the Gotha Program David Prychitko, Marxism and Workers' Self-Management: The Essential Tension Karl Marx, The Civil War in France Gary Chartier, Radicalizing Rawls Karl Marx, Critique of Hegel's Philosophy of Right FA Hayek, Individualism True and False Gus Dizerga, Outgrowing Methodological Individualism Tony Smith, Beyond Liberal Egalitarianism Kevin Carson, Studies in Mutualist Political Economy David Beito, From Mutual Aid to the Welfare State Fabio Perocco, Racism In and For the Welfare State Quinn Slobodian, Hayek's Bastards Kjell Östberg, The Rise and Fall of Swedish Social Democracy Pelle Dragsted, Nordic Socialism John Rawls, Lectures on the History of Political Philosophy Karl Marx, Grundrisse: Foundations of the Critique of Political Economy Wendy Brown, Walled States: Waning Sovereignty

From the Dark to the Light Do you celebrate life or death? We talk about figures like Charlie Kirk, Martin Luther King Jr., and JFK. Their lives were taken by another human being. Why do we want to kill someone for words they say or beliefs they hold? F.A. Hayek and John Maynard Keynes had vastly different beliefs and yet had a great friendship. They talked about their different beliefs and had friendly debates. Charlie Kirk was encouraging people with different beliefs to talk to each other and said that when people stop talking, that's when problems begin. We discuss the kid that shot him and what he is facing now. Bad things can happen, and how you choose to think about that situation can not only determine your results but can make a difference in how happy you are. The Golden Rule tells us to treat others the way we want to be treated. If we could all follow that, this world would be a better place. Turning Point USA Sponsors: American Gold Exchange Our dealer for precious metals & the exclusive dealer of Real Power Family silver rounds (which we finally got in!!!). Get your first, or next bullion order from American Gold Exchange like we do. Tell them the Real Power Family sent you! Click on this link to get a FREE Starters Guide. Or Click Here to order our new Real Power Family silver rounds. 1 Troy Oz 99.99% Fine Silver Abolish Property Taxes in Ohio: www.AxOHTax.com  Get more information about abolishing all property taxes in Ohio. Our Links: www.RealPowerFamily.com Info@ClearSkyTrainer.com 833-Be-Do-Have (833-233-6428)

In this solo episode, Bob challenges the populist narrative that private equity ownership of homes is the main driver of rising housing costs. He explains the actual role of speculators in stabilizing markets, compares housing to used car dealerships, and critiques proposals like Henry George's land tax. Bob also points to zoning restrictions and the Federal Reserve's balance sheet as the real culprits behind skyrocketing prices.The Social Function of Stock Speculators: Mises.org/HAP518aRothbard's Treatise, Man, Economy, and State: Mises.org/HAP518bBob's Study Guide to Man, Economy, and State: Mises.org/HAP518cThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

In this solo episode, Bob challenges the populist narrative that private equity ownership of homes is the main driver of rising housing costs. He explains the actual role of speculators in stabilizing markets, compares housing to used car dealerships, and critiques proposals like Henry George's land tax. Bob also points to zoning restrictions and the Federal Reserve's balance sheet as the real culprits behind skyrocketing prices.The Social Function of Stock Speculators: Mises.org/HAP518aRothbard's Treatise, Man, Economy, and State: Mises.org/HAP518bBob's Study Guide to Man, Economy, and State: Mises.org/HAP518cThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Aus aktuellem Anlass empfängt Radio 1-Chef Roger Schawinski den Unternehmer Nick Hayek. In dieser Sendung erläutert der Chef der Swatchgruppe, weshalb er die Haltung des Bundesrates hart kritisiert und wie er die Probleme zu den 39% Zölle anpacken würde. Songs: Birds of a Feather - Billie Eilish, Schwarze SUV's - Paula Hartmann, Komet - Udo Lindenberg & Apache 207, Wildberry Lillet - Nina Chuba.

Mark Thornton returns as a guest on the Liberty and Finance podcast with Dunagun Kaiser to walk through Ludwig von Mises's three stages of inflation, and why today's mix of towering deficits and money printing puts the US on the on-ramp to hyperinflation. Mark also connects sanctions and tariffs to global de-dollarization, explains why central banks are swapping Treasuries for gold, and breaks down his gold-to-silver trade. The conversation ranges from “black swans” to state-level sound-money moves, and closes with practical steps.Additional ResourcesVisit Liberty and Finance at https://libertyandfinance.com"Black Swans, Sequestered Capital, and the Next Bust” (Minor Issues): https://mises.org/MI_137Donate $5 today to support the Mises Institute's Fall Campaign and receive a physical copy of Hayek for the 21st Century: https://mises.org/mi25A special bonus offer for Minor Issues listeners: donate to the Mises Institute's Fall Campaign and receive a signed copy of Free Trade in the 21st Century: https://mises.org/mi25Be sure to follow Minor Issues at https://Mises.org/MinorIssues

As the Federal Reserve signals it doesn't care about price inflation, we're reminded the Fed is mostly motivated to ensure rising asset prices for Wall Street while pushing cheap credit to finance federal deficits.Free Book: Get your copy of Hayek for the 21st Century, featuring Hayek's classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Kinsella on Liberty Podcast, Episode 474. “Where The Common Law Goes Wrong,” 2025 Annual Meeting, Property and Freedom Society, Bodrum, Turkey (Sep. 19, 2025). This will also be podcast later on the Property and Freedom Podcast. Below are my notes, Shownotes provided by Grok, and the transcript. This recording is from my iphone. Professional recording and video will be uploaded later. See also Sebastian Wang, "Stephan Kinsella on the Common Law: Lessons from Bodrum 2025," Libertarian Alliance [UK] Blog (Sep. 19, 2025). Grok Shownotes Show Notes: Stephan Kinsella's “Where the Common Law Goes Wrong” – Property and Freedom Society 2025 Annual Meeting Introduction and Context Stephan Kinsella delivered his talk, “Where the Common Law Goes Wrong,” at the Property and Freedom Society's 2025 Annual Meeting in Bodrum, Turkey, on September 21, 2025. Introduced by Hans-Hermann Hoppe, who shared a brief anecdote about media bias in translating Donald Trump's interactions, Kinsella's presentation revisits themes from his earlier PFS talks in 2012 and 2021, focusing on the interplay between libertarian principles, Roman law, and the common law. Drawing on his recent work, including the Universal Principles of Liberty (co-authored with Alessandro Fusillo, David Dürr, FreeMax, and Patrick Tinsley, under Hoppe's guidance), Kinsella emphasizes the organic development of law and critiques the modern tendency to equate law with legislation. He humorously recounts preparing for the talk with his trainer, who mistook “common law” for “common law marriage,” highlighting the need to clarify legal concepts for a broader audience. Defining Law and Its Evolution Kinsella begins by distinguishing types of law: descriptive (e.g., laws of physics, economics) and normative (e.g., moral codes, legal systems). Legal laws, he argues, blend normative guidance with descriptive consequences, aiming to achieve justice through property rights. He contrasts the modern view of law as statutory decrees—illustrated by tax protesters demanding to “show me the law”—with its historical roots in decentralized systems like Roman law (500 BC–565 AD) and English common law (1066–present). These systems evolved organically through court decisions, with Roman law preserved in Justinian's Corpus Juris Civilis and later rediscovered in Bologna around 1070, influencing European civil codes. Kinsella notes that post-1789 democratic shifts and bureaucratic growth led to an explosion of legislation, overshadowing these private law traditions. Roman Law vs. Common Law The talk explores why Anglo-American scholars, like Hayek and Leoni, often praise the common law's spontaneous order while overlooking Roman law's similar decentralized origins. Kinsella cites Hoppe's observation, from Democracy: The God That Failed, that the common law's non-codified nature may serve lawyers' interests by making it less accessible to laypeople, unlike Europe's clearer civil codes. He refutes the misconception that civil law systems inherently embody totalitarian principles (“all that is not permitted is forbidden”), attributing Europe's socialism to separate legislation, not civil codes. Both Roman and common law, Kinsella argues, offer valuable insights for libertarians, despite the former's neglect in free-market scholarship. Libertarian Law and Rationalism Critique Kinsella critiques the rationalistic tendency among libertarians to design top-down “libertarian law codes,” as exemplified by Rothbard's hope for a comprehensive code in The Ethics of Liberty. Such approaches, he argues, ignore context and the limits of deductive reasoning, echoing Hayek's critique of constructivist rationalism. Law, as a practical response to scarcity and conflict, developed through real-world judicial decisions over centuries. Kinsella suggests that libertarian law should evolve organically, using Roman and common law as starting points, guided by principles like non-aggression but subject to scrutiny f...

As the Federal Reserve signals it doesn't care about price inflation, we're reminded the Fed is mostly motivated to ensure rising asset prices for Wall Street while pushing cheap credit to finance federal deficits.Free Book: Get your copy of Hayek for the 21st Century, featuring Hayek's classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Bob talks with economist Jeff Degner about his new book Inflation and the Family. Drawing inspiration from Guido Hülsmann's The Ethics of Money Production, Professor Degner shows how central bank policies and interest rate manipulation create ripple effects beyond prices and GDP. From marriage formation to fertility decisions and divorce trends, he explains how inflation fosters short-termism, debt culture, and moral hazard within households.Join Jeff Degner and other Mises faculty on November 1st for our first student-only event at Cornerstone University in Grand Rapids, Michigan. Find out more at Mises.org/Cornerstone25Inflation and the Family: Mises.org/HAP517aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Quinn Slobodian, author of Hayek's Bastards, on the eugenics/race science tendencies within High Church Neoliberalism • Molly White on stablecoins, and the Trump–UAE deal The post Eugenics, neoliberal style • stablecoins, and the Trump–UAE deal appeared first on KPFA.

Bob talks with economist Jeff Degner about his new book Inflation and the Family. Drawing inspiration from Guido Hülsmann's The Ethics of Money Production, Professor Degner shows how central bank policies and interest rate manipulation create ripple effects beyond prices and GDP. From marriage formation to fertility decisions and divorce trends, he explains how inflation fosters short-termism, debt culture, and moral hazard within households.Join Jeff Degner and other Mises faculty on November 1st for our first student-only event at Cornerstone University in Grand Rapids, Michigan. Find out more at Mises.org/Cornerstone25Inflation and the Family: Mises.org/HAP517aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

As politics come to dominate more of our lives and young generations grow righteously disillusioned with a system designed to rip them off, we're likely to see more violence and chaos. It's a bad path we're on. But there is a better one.Read the article here: https://mises.org/mises-wire/kirk-assassination-has-exposed-our-political-rotThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/Hayak21Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Our final guest hosted episode of the summer comes from Quinn Slobodian - author of Hayek's Bastards.Reading an extract from his book, he explains some of the surprising connections between the neoliberal intellectual movement and the so-called populist right that we've seen on the rise over the past decade.

Support The Glenn Show at https://glennloury.substack.com Video Links 0:00 The upcoming Hoover Institution conference honoring Thomas Sowell 5:37 Sowell's apprentice work at the University of Chicago 12:58 Ground News ad 14:45 Hayek's influence on Sowell 19:55 Jason: No one is smarter than the market 24:58 The unconstrained vision vs. the constrained vision 33:04 Sowell's contribution […]

On the latest episode of Minor Issues, Mark Thornton argues that “black swans” aren't root causes but announcement effects of imbalances created by the Fed's cheap-credit booms. He highlights Ball State economist James McLure's idea of sequestered capital—R&D, financial innovations, and opaque private assets shielded from public information—which proliferate under artificially low rates. From the Dutch Tulip Bubble and 1929 investment trusts to today's candidates—hedge-fund private deals, AI data centers, commercial real estate, and crypto—the pattern is the same: policy-driven credit expansion seeds the very “unknowns” that later trigger crises. The fix isn't more regulation; it's removing the fuel line of easy money.See also "Sequestered Capital: An Overlooked Lacuna in the Capital Structure” by James McClure: https://mises.org/MI_137_AThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues

Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.Free Book: Get your copy of Hayek for the 21st Century, featuring Hayek's classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.Free Book: Get your copy of Hayek for the 21st Century, featuring Hayek's classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Since becoming president, most of the actions taken by President Trump have been anti-economic growth, and the US economy now is sputtering. Unfortunately, Trump seems to believe that a combination of trade restrictions and inflation is what the economy needs.Read the article here: https://mises.org/mises-wire/trump-digging-his-own-economic-graveThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/Hayak21Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

On this episode of Crazy Wisdom, Stewart Alsop sits down with Abhimanyu Dayal, a longtime Bitcoin advocate and AI practitioner, to explore how money, identity, and power are shifting in a world of deepfakes, surveillance, automation, and geopolitical realignment. The conversation ranges from why self-custody of Bitcoin matters more than ETFs, to the dangers of probabilistic biometrics and face-swap apps, to the coming impact of AGI on labor markets and the role of universal basic income. They also touch on India's refinery economy, its balancing act between Russia, China, and the U.S., and how soft power is eroding in the information age. For more from Abhimanyu, connect with him on LinkedIn.Check out this GPT we trained on the conversationTimestamps00:00 Stewart Alsop opens with Abhimanyu Dayal on crypto, AI, and the risks of probabilistic biometrics like facial recognition and voice spoofing.05:00 They critique biometric surveillance, face-swap apps, and data exploitation through casual consent.10:00 The talk shifts to QR code treasure hunts, vibe coding on Replit and Claude, and using quizzes to mint NFTs.15:00 Abhimanyu shares his finance background, tying it to Bitcoin as people's money, agent-to-agent payments, and post-AGI labor shifts.20:00 They discuss universal basic income, libertarian ideals, Hayek's view of economics as critique, and how AI prediction changes policy.25:00 Pressure, unpredictability, AR glasses, quantum computing, and the surveillance state future come into focus.30:00 Open source vs closed apps, China's DeepSeek models, propaganda through AI, and U.S.–China tensions are explored.35:00 India's non-alignment, Soviet alliance in 1971, oil refining economy, and U.S.–India friction surface.40:00 They reflect on colonial history, East India Company, wealth drain, opium wars, and America's rise on Indian capital.45:00 The conversation closes on Bitcoin's role as reserve asset, stablecoins as U.S. leverage, BRICS disunity, and the geopolitics of freedom.Key InsightsA central theme of the conversation is the contrast between deterministic and probabilistic systems for identity and security. Abhimanyu Dayal stresses that passwords and private keys—things only you can know—are inherently more secure than facial recognition or voice scans, which can be spoofed through deepfakes, 3D prints, or AI reconstructions. In his view, biometric data should never be stored because it represents a permanent risk once leaked.The rise of face-swap apps and casual facial data sharing illustrates how surveillance and exploitation have crept into everyday life. Abhimanyu points out that companies already use online images to adjust things like insurance premiums, proving how small pieces of biometric consent can spiral into systemic manipulation. This isn't a hypothetical future—it is already happening in hidden ways.On the lighter side, they experiment with “vibe coding,” using tools like Replit and Claude to design interactive experiences such as a treasure hunt via QR codes and NFTs. This playful example underscores a broader point: lightweight coding and AI platforms empower individuals to create experiments without relying on centralized or closed systems that might inject malware or capture data.The discussion expands into automation, multi-agent systems, and the post-AGI economy. Abhimanyu suggests that artificial superintelligence will require machine-to-machine transactions, making Bitcoin an essential tool. But if machines do the bulk of labor, universal basic income may become unavoidable, even if it drifts toward collectivist structures libertarians dislike.A key shift identified is the transformation of economics itself. Where Hayek once argued economics should critique politicians because of limited data, AI and quantum computing now provide prediction capabilities so granular that human behavior is forecastable at the individual level. This erodes the pseudoscientific nature of past economics and creates a new landscape of policy and control.Geopolitically, the episode explores India's rise, its reliance on refining Russian crude into petroleum exports, and its effort to stay unaligned between the U.S., Russia, and China. The conversation recalls India's Soviet ties during the 1971 war, while noting how today's energy and trade policies underpin domestic improvements for India's poor and middle class.Finally, they critique the co-optation of Bitcoin through ETFs and institutional custody. While investors celebrate, Abhimanyu argues this betrays Satoshi's vision of money controlled by individuals with private keys. He warns that Bitcoin may be absorbed into central bank reserves, while stablecoins extend U.S. monetary dominance by reinforcing dollar power rather than replacing it.

Podcast for a deep examination into the career and life choices of Adam Sandler (again). Patrick and Joe take a trip down memory lane and discover they don't like what they find. In an attempt to white wash history, the WTHHTT team decides to clean up their old podcasting mishaps. Will they be successful? Find out on this week's remixed episode of 'What the Hell Happened to Them?' Email the cast at whathappenedtothem@gmail.com Disclaimer: This episode was recorded in October 2024. References may feel confusing and/or dated unusually quickly. 'Grown Ups' available on DVD, Blu-ray, & 'Unknown Binding' (ooh, sultry): https://www.amazon.com/Grown-Ups-Blu-ray-Kevin-James/dp/B003ZZ7TQ0/   Clips from 'Grown Ups' Music from "Every Planet We Reach is Dead" and "Demon Days" by Gorillaz Artwork from BJ West   quixotic, united, skeyhill, vekeman, sandler, syzygy, grown ups, spade, rock, meadows, quinn, kevin james, craven, schneider, cruz, hayek, thurman

This week, Bob takes on the hot-button debate over Federal Reserve “independence” in light of Trump's moves against Fed Governor Lisa Cook. He explains why the Fed has never truly been independent, drawing on the Treasury-Fed Accord of 1951 and the institution's long history of serving political power. Recalling Elizabeth Warren's attacks on Jay Powell to insider trading scandals among Fed officials, Bob exposes the hypocrisy of politicians and media figures who cry about independence only when it suits them. He also highlights how the Fed's structure—unanimous FOMC votes, backroom bailouts, and secrecy over bank rescues—makes it clear the central bank is not a neutral force, but a political engine of inflation and business cycles.A Comprehensive Case for Ending the Fed: Mises.org/HAP516aShould Economists Champion Fed “Independence”?: Mises.org/HAP516bThe 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 takes on the hot-button debate over Federal Reserve “independence” in light of Trump's moves against Fed Governor Lisa Cook. He explains why the Fed has never truly been independent, drawing on the Treasury-Fed Accord of 1951 and the institution's long history of serving political power. Recalling Elizabeth Warren's attacks on Jay Powell to insider trading scandals among Fed officials, Bob exposes the hypocrisy of politicians and media figures who cry about independence only when it suits them. He also highlights how the Fed's structure—unanimous FOMC votes, backroom bailouts, and secrecy over bank rescues—makes it clear the central bank is not a neutral force, but a political engine of inflation and business cycles.A Comprehensive Case for Ending the Fed: Mises.org/HAP516aShould Economists Champion Fed “Independence”?: Mises.org/HAP516bThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

** Tuesday evening, Bob will join our weekly online gathering where we'll listen to the podcast together and discuss. Bring your questions for him. September 9 at 8pm ET/5pm PT. Use this link to register: https://us06web.zoom.us/meeting/register/1HA3nd_5QFSFzBe_cGiHpw This is Bob Hockett's 12th visit to Macro N Cheese. Back in 2022, in an episode discussing the collapse of the major crypto exchange platform FTX, Bob gave us a useful rule of thumb: “The irony is that in every one of these cases there is a clue in the name of the product in question that ought to warn you. If it's called a junk bond, there's a reason for that word “junk” being used. And if it's called a subprime mortgage loan... there's a reason for that “subprime” term. Similarly with cryptocurrency or crypto assets, one of the most ironical names ever conceived for this kind of product. If the word “crypto” comes into it, then that's a pretty good tip-off that there's something non-transparent about it, that there's something opaque and occluded and difficult to understand.” Hmmm... today's topic is the GENIUS Act. What meaning should we take from that name? In this episode, Bob and Steve talk about the newly-passed GENIUS Act whose stated purpose is regulation of the stablecoin industry, bringing the shadow banking industry into the light and out of the, um, shadows. The discussion looks at the flawed premise of private stablecoins and the real motives behind the push. Far from preventing instability and fraud, promotion of stablecoin aligns with a libertarian ideology (a la Hayek) that seeks to denationalize currency and privatize money. From a Modern Monetary Theory perspective, the implications are alarming. It merits a discussion of the role of the state. The GENIUS Act is a dangerous distraction. A Trojan Horse. Robert C. Hockett is the Edward Cornell Professor of Law at Cornell Law School. His principal teaching, research, and writing interests lie in the fields of organizational, financial, and monetary law and economics His forthcoming and recent books are: World Money (Yale 2026); A Republic of Producers (Yale 2025); Making Capital Democratic (Polity 2025); Spread the Fed (Palgrave 2025); The Citizens' Ledger (Palgrave 2022); Democratizing Finance (Verso 2022); Money from Nothing (Melville House 2020); Financing the Green New Deal (Palgrave 2020). @rch371 on X

On the latest episode of Minor Issues, Mark Thornton takes a provocative look at America's path toward hyperinflation. Mark walks through Mises's three stages of inflation, contending the US is moving from complacency to active flight from cash, and he ties today's risks to sanctions policy, BRICS efforts to bypass SWIFT with gold-leaning systems, and foreign central banks rotating from Treasuries into gold. At home, Mark sees households hedging with real estate, older savers turning to precious metals, and younger investors to crypto: classic signs of eroding demand for dollars.Additional Resources"The Gold-Silver Ratio” (Minor Issues Podcast, Episode 119) : https://mises.org/MI_119"Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System" by Mark Thornton (Book review, Quarterly Journal of Austrian Economics): https://mises.org/MI_136_A"Exorbitant Privilege Gained and Lost: Fiscal Implications” by Zefeng Chen, Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, and Mindy Xiaolan (Journal of Political Economy): https://mises.org/MI_136_BThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues

President Trump has deployed naval vessels off the coast of Venezuela, citing its escalation of the war on drugs. However, the true motivation for Washington's involvement in the region is likelier related to disputed oil claims affecting well-connected energy companies.Read the article here: https://mises.org/mises-wire/venezuela-military-deployment-about-cronyism-not-national-securityThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/Hayak21Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

On this episode, Peter Boettke chats with political theorist Chandran Kukathas on his latest book, Dialogues on Immigration and the Open Society(Routledge, 2025), which addresses the most important ethical and political questions about immigration and aims to teach by questioning rather than preaching. He urges conceptual clarity about terms like “civilization,” “state,” and “immigration,” and argues that framing debates strictly as “justice” disputes is unhelpful amid deep moral disagreement. Building on his book, Immigration and Freedom, he warns that immigration control often curtails citizens' freedoms and highlights how restrictive policies can create a hostile climate toward migrants even where overall public support for immigration remains strong.Dr. Chandran Kukathas is Lee Kong Chian Chair Professor of Political Science at School of Social Sciences at Singapore Management University and a Distinguished Affiliated Fellow at the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. He is the author of many books, including Immigration and Freedom (Princeton University Press, 2021) and The Liberal Archipelago: A Theory of Diversity and Freedom (Oxford University Press, 2007).Show Notes:F.A. Hayek's book, New Studies in Philosophy, Politics, Economics, and the History of IdeasF.A. Hayek's book, Law, Legislation, and Liberty: Volume 19John Rawls' book, A Theory of JusticeMilton and Rose Friedman's book, Free to ChooseFree To Choose: The Original 1980 TV SeriesDavid Schmidtz's book, Elements of JusticeStephen Macedo's book, Liberal VirtuesMichael Clemens' paper, “Why Don't Remittances Appear to Affect Growth?” (The Economic Journal, 2018)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Bob is joined by Dr. Peter Klein to take a look at the Mises Institute's new book, Hayek for the 21st Century. The discussion highlights Hayek's insights on tacit knowledge, why markets outperform central planners, the dangers of political power, and how monetary freedom could stop inflation. Along the way, Bob and Peter connect these timeless ideas to today's debates over technology, government control, and economic liberty. The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

On this episode of Crazy Wisdom, Stewart Alsop sits down with Brad Costanzo, founder and CEO of Accelerated Intelligence, for a wide-ranging conversation that stretches from personal development and the idea that “my mess is my message” to the risks of AI psychosis, the importance of cognitive armor, and Brad's sovereign mind framework. They talk about education through the lens of the Trivium, the natural pull of elites and hierarchies, and how Bitcoin and stablecoins tie into the future of money, inflation, and technological deflation. Brad also shares his perspective on the synergy between AI and Bitcoin, the dangers of too-big-to-fail banks, and why decentralized banking may be the missing piece. To learn more about Brad's work, visit acceleratedintelligence.ai or reach out directly at brad@acceleratedintelligence.ai.Check out this GPT we trained on the conversationTimestamps00:00 Brad Costanzo joins Stewart Alsop, opening with “my mess is my message” and Accelerated Intelligence as a way to frame AI as accelerated, not artificial.05:00 They explore AI as a tool for personal development, therapy versus coaching, and AI's potential for self-insight and pattern recognition.10:00 The conversation shifts to AI psychosis, hype cycles, gullibility, and the need for cognitive armor, leading into Brad's sovereign mind framework of define, collaborate, and refine.15:00 They discuss education through the Trivium—grammar, logic, rhetoric—contrasted with the Prussian mass education model designed for factory workers.20:00 The theme turns to elites, natural hierarchies, and the Robbers Cave experiment showing how quickly humans split into tribes.25:00 Bitcoin enters as a silent, nonviolent revolution against centralized money, with Hayek's quote on sound money and the Trojan horse of Wall Street adoption.30:00 Stablecoins, treasuries, and the Treasury vs Fed dynamic highlight how monetary demand is being engineered through crypto markets.35:00 Inflation, disinflation, and deflation surface, tied to real estate costs, millennials vs boomers, Austrian economics, and Jeff Booth's “Price of Tomorrow.”40:00 They connect Bitcoin and AI as deflationary forces, population decline, productivity gains, and the idea of a personal Bitcoin denominator.45:00 The talk expands into Bitcoin mining, AI data centers, difficulty adjustments, and Richard Werner's insights on quantitative easing, commercial banks, and speculative vs productive loans.50:00 Wrapping themes center on decentralized banking, the dangers of too-big-to-fail, assets as protection, Bitcoin's volatility, and why it remains the strongest play for long-term purchasing power.Key InsightsOne of the strongest insights Brad shares is the shift from artificial intelligence to accelerated intelligence. Instead of framing AI as something fake or external, he sees it as a leverage tool to amplify human intelligence—whether emotional, social, spiritual, or business-related. This reframing positions AI less as a threat to authenticity and more as a partner in unlocking dormant creativity.Personal development surfaces through the mantra “my mess is my message.” Brad emphasizes that the struggles, mistakes, and rock-bottom moments in life can become the foundation for helping others. AI plays into this by offering low-cost access to self-insight, giving people the equivalent of a reflective mirror that can help them see patterns in their own thinking without immediately needing therapy.The episode highlights the emerging problem of AI psychosis. People overly immersed in AI conversations, chatbots, or hype cycles can lose perspective. Brad and Stewart argue that cognitive armor—what Brad calls the “sovereign mind” framework of define, collaborate, and refine—is essential to avoid outsourcing one's thinking entirely to machines.Education is another theme, with Brad pointing to the classical Trivium—grammar, logic, and rhetoric—as the foundation of real learning. Instead of mass education modeled on the Prussian system for producing factory workers, he argues for rhetoric, debate, and critical thinking as the ultimate tests of knowledge, even in an AI-driven world.When the discussion turns to elites, Brad acknowledges that hierarchies are natural and unavoidable, citing experiments like Robbers Cave. The real danger lies not in elitism itself, but in concentrated control—particularly financial elites who maintain power through the monetary system.Bitcoin is framed as a “silent, nonviolent revolution.” Brad describes it as a Trojan horse—appearing as a speculative asset while quietly undermining government monopoly on money. Stablecoins, treasuries, and the Treasury vs Fed conflict further reveal how crypto is becoming a new driver of monetary demand.Finally, the synergy between AI and Bitcoin offers a hopeful counterbalance to deflation fears and demographic decline. AI boosts productivity while Bitcoin enforces financial discipline. Together, they could stabilize a future where fewer people are needed for the same output, costs of living decrease, and savings in hard money protect purchasing power—even against the inertia of too-big-to-fail banks.

Bob is joined by Dr. Peter Klein to take a look at the Mises Institute's new book, Hayek for the 21st Century. The discussion highlights Hayek's insights on tacit knowledge, why markets outperform central planners, the dangers of political power, and how monetary freedom could stop inflation. Along the way, Bob and Peter connect these timeless ideas to today's debates over technology, government control, and economic liberty. The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Is Hans-Hermann Hoppe a firebrand revolutionary, or something very different? On this episode of Minor Issues, Mark Thornton traces Hoppe's American debut in 1986 and follows the controversies that later made Hoppe a lightning rod. The case here is straightforward: Hoppe isn't a political revolutionary aiming to remake society by seizing state power; he's a natural-rights theorist whose analysis—grounded in property, history, and Austrian economics—argues for social cooperation without a predatory state. Hoppe is an exacting analyst of what works, not an architect of upheaval.Additional ResourcesA Life in Liberty: Liber Amicorum in Honor of Hans-Hermann Hoppe, edited by Jörg Guido Hülsmann and Stephan Kinsella (PDF): https://mises.org/MI_135_A Or, purchase the book online: https://mises.org/LiberAmicorum"Understanding the timing and outcome of the Russian Revolution: a public choice approach” (Journal of Public Finance and Public Choice)" by Gregory Dempster, Robert B. Ekelund, Jr., and Mark Thornton: https://mises.org/MI_135_B"Rent Seeking as an Evolving Process: The Case of the Ancien Régime" (Public Choice) by Robert. B. Ekelund, Jr., and Mark Thornton: https://mises.org/MI_135_C"A Theory of Socialism and Capitalism” by Mark Thornton (in Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe): https://mises.org/MI_135_DThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow Minor Issues at https://Mises.org/MinorIssues

San Francisco politicians have made it so difficult to build new housing that a black market for apartments has emerged. "San Francisco Has A Black Market for Housing. That's as Bad as It Sounds." by Chris Calton: https://Mises.org/RR251_AFree Book: Get your copy of Hayek for the 21st Century, featuring Hayek's classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

San Francisco politicians have made it so difficult to build new housing that a black market for apartments has emerged. "San Francisco Has A Black Market for Housing. That's as Bad as It Sounds." by Chris Calton: https://Mises.org/RR251_AFree Book: Get your copy of Hayek for the 21st Century, featuring Hayek's classic essays on liberty, knowledge, and markets. Claim yours at https://mises.org/Hayek21Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Devoted Know Your Enemy listeners will recall that, in November 2021, we released a fairly dense, theory-driven episode on Frank Meyer, the Communist from New Jersey whose exploits on behalf of the Party in the UK got him kicked out of the country and back to the United States, where he eventually turned right and became a key figure in the post-war U.S. conservative movement, both as an editor at National Review and an architect of institutions like the American Conservative Union, Young Americans for Freedom, and the Conservative Party of New York. Of course, we had more to say about Meyer, and we're devoting another episode to him, this time focused on the details of his incredible life, thanks to the publication of an extraordinary new biography of Meyer, Daniel J. Flynn's The Man Who Invented Conservatism: The Unlikely Life of Frank S. Meyer. Flynn discovered a trove of never-before-seen papers of Meyer's that range from personal documents (tax returns, Christmas cards from Joan Didion, his dance card from college) to his correspondence with nearly every conservative writer and intellectual of note in the 1950s and 60s. Armed with these files, Flynn offers a vivid portrait of a brilliant, eccentric political life and mind.Listen again: "Frank Meyer: Father of Fusionism" (November 10, 2021)Sources:Daniel J. Flynn, The Man Who Invented Conservatism: The Unlikely Life of Frank S. Meyer (2025)Frank S. Meyer, In Defense of Freedom: A Conservative Credo (Regnery, 1962)F.A. Hayek, "Why I am Not a Conservative," from The Constitution of Liberty: The Definitive Edition (2011)George H. Nash, The Conservative Intellectual Movement in America Since 1945 (Basic Books, 1976)Garry Wills, Confessions of a Conservative (Doubleday, 1979)"Against the Dead Consensus," First Things, March 21, 2019...and don't forget to subscribe on Patreon for access to all of our bonus episodes!

The federal government taking an ownership stake in Intel is neither a promising new approach to governance nor an unprecedented leap into economic fascism. It's simply Trump embracing the corrupt status quo he ran against with a superficial rebrand.Read the article here: https://mises.org/mises-wire/real-problem-trumps-intel-dealThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at https://mises.org/IssuesFreeBe sure to follow the Guns and Butter podcast at https://Mises.org/GB

In his underappreciated work The Mystery of Banking, Murray Rothbard first explained how a regime of "free banking" would put strict limits on the ability of the private commercial banks to reduce their reserve ratios and inflate the money supply. Then Rothbard showed that the textbook operation of a central bank systematically neutralized the market's safeguards, and paved the way for credit expansion by a cartel of privileged private banks.The Mystery of Banking by Murray N. Rothbard: https://mises.org/HAP514a"How Private Banks Can Create Money, But Not Like the Fed Can" (Human Action Podcast): https://mises.org/HAP514bThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century Get your free copy at https://Mises.org/HAPodFree21st Century Get your free copy at Mises.org/HAPodFree

Nick Gillespie joins Doug Stuart to trace his path from Catholic kid in an immigrant family to a postmodern libertarian—and why that journey made him bullish on freedom of movement and a more “mongrel” America. We talk through the Ellis Island frame for sane, humane immigration, why “build a wall around the welfare state” is the sharper rejoinder, and how Catholic parish life (and Roger Williams) shaped Nick's instinct for pluralism and tolerance.We also unpack what he means by “postmodern libertarianism” in plain terms: be humble about what we can know, be wary of top-down fixes, and trust bottom-up problem-solving. Hayek meets Foucault without the jargon. From there we hit the “paradox of choice” debate (yes, 45 deodorants can be a feature), how pop culture shapes the way people find meaning, and where the liberty movement is actually headed right now.In this episode:Immigration as freedom to move and belongEllis Island as a practical path to legal, open channels“Wall off the welfare state,” not the countryCatholic roots, Roger Williams, and the case for pluralismPostmodern libertarianism without the buzzwordsChoice vs. control, and learning to satisficeThe current liberty landscape: what's breaking, what's buildingShow Notes:Find Nick on ReasonAudio Production by Podsworth Media - https://podsworth.com ★ Support this podcast ★