Podcasts about Hayek

Not since the Marquis de Lafayette's triumphant 1824 tour of the United States has a return been more welcome than Yuval Levin's to The Remnant. After greeting our patriot hero with laurels and kisses, Jonah Goldberg sets Yuval up for a philosophical tour de force, covering the president's war powers, cultural and institutional change, education in republicanism, the effects of new technology on our Constitutional order, the Scottish Enlightenment, rationalism vs. reason, Hayek vs. Burke, and the new right in the post-Trump world. Show Notes:—Yuval's book, American Covenant—AEI's First Branch Society—Allen Guelzo on The Remnant—Register for LSU's 2026 John Breaux Symposium The Remnant is a production of ⁠The Dispatch⁠, a digital media company covering politics, policy, and culture from a non-partisan, conservative perspective. To access all of The Dispatch's offerings—including access to all of Jonah's G-File newsletters—⁠click here⁠. If you'd like to remove all ads from your podcast experience, consider becoming a premium Dispatch member ⁠by clicking here⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

3 hour discussion roughly organized as follows: The intellectual and educational “ethos” of ‘The Austrian School of Economics' with some key quotes by leading thinkers Mises and Hayek. An introduction to ‘Austrian Economics' with a focus on Carl Menger...

Ever since Leo Strauss published his magnum opus Natural Right and History, which ends by heavily implying Edmund Burke opened the door for the evils of historicism in the modern world, a great fissure in conservative nerddom erupted between those who align with either titan. Were Strauss' criticism of Burke warranted? Did Burke disavow natural rights and pave the way for the evils of authoritarianism, fascism, Marxism, and progressivism to come? Does a careful, esoteric reading of Natural Right and History reveal the Strauss secret family chili recipe? Saving Elephants has assembled an all-star panel to answer these questions and more.   Representing Edmund Burke: Dr. Gregory Collins is one of the most celebrated Burke scholars of the rising generation. He is a Lecturer in the Department of Political Science and Program on Ethics, Politics, and Economics at Yale University. He recently received the Buckley Institute's 2024 Lux and Veritas Faculty Prize. His first book, Commerce and Manners in Edmund Burke's Political Economy, examined Edmund Burke's understanding of the connection between markets and morals. Greg has also published articles on Adam Smith, F.A. Hayek, Frederick Douglass, Eric Voegelin, Leo Strauss, and Britain's East India Company. His additional writings and book reviews can be found in Modern Age, Law & Liberty, National Affairs, National Review, and University Bookman.  You can follow Greg on Twitter @GregCollins111   Lauren Hall is an author and professor helping people combat overwhelm in an age of extremes. Her writing rejects binary and black-and-white thinking to help people lead more balanced lives, build stronger relationships, and restore individual and civic well-being. Hall is a 2024 Pluralism Fellow with the Mercatus Center's Program on Pluralism and Civil Exchange and serves on the Board of Advisors for the Prohuman Foundation. Her Substack and speaking spread the message of radical moderation to new audiences via public writing, speaking, and podcast interviews. Hall has presented her work on radical moderation at conferences including the Heterodox Academy Conference, the State Policy Network Conference, the Mercatus Center's Pluralism Summit, and various political science and related conferences and has a range of talks and podcast interviews available on radical moderation and other topics. In her "real" job, she is a Professor of Political Science and Associate Dean of Academic Affairs at the Rochester Institute of Technology (RIT) and author of the books Family and the Politics of Moderation (Baylor U. Press, 2014) and The Medicalization of Birth and Death (Johns Hopkins U. Press, 2019). Hall has a PhD in Political Science from Northern Illinois University (2007) and a BA in Philosophy from Binghamton University (2002).   Representing Strauss: Steven F. Hayward is a fellow of the Public Law and Policy Program at Berkeley Law and visiting professor in School of Public Policy at Pepperdine University. Steven frequently writes on a wide range of current topics, including environmentalism, law, economics, and public policy for publications including National Review, Reason, The Weekly Standard, The American Spectator, The Public Interest, the Claremont Review of Books, and the Policy Review at the Hoover Institution.  His newspaper articles have appeared in the New York Times, Washington Post, The Wall Street Journal, the San Francisco Chronicle, the Chicago Tribune, and dozens of other daily newspapers. He is the author of a two-volume narrative history of Ronald Reagan and his effect on American political life, The Age of Reagan: The Fall of the Old Liberal Order, 1964-1980, and The Age of Reagan: The Conservative Counter-Revolution, 1980-1989.  His other books include Index of Leading Environmental Indicators; The Almanac of Environmental Trends; Mere Environmentalism: A Biblical Perspective on Humans and the Natural World, Churchill on Leadership; Greatness: Reagan, Churchill, and the Making of Extraordinary Leaders; Patriotism Is Not Enough; and M. Stanton Evans: Conservative Wit, Apostle of Freedom. Steven has also served as visiting fellow professor, scholar, or lecturer at the Intercollegiate Studies Institute (ISI), Ashland University, Mont Pelerin Society, Pacific Research Institute, The Heritage Foundation, American Enterprise Institute, Georgetown University, The Fund for American Studies, and University of Colorado Boulder. His blog, powerlineblog.com, is one of the nation's most-read political websites.   The international woman of mystery, Lucretia, teaches at the University of Arizona.  Steve and Lucretia—along with John Yoo—host the 3 Whiskey Happy Hour podcast.  

Every Bitcoin transaction needs to be verified on the blockchain. There is no central authority that does this, but Bitcoin's blockchain has run uninterrupted since 2009 and now carries a market capitalisation of $1.3 trillion, roughly 4% of US GDP. Its original promise was more radical: that we do not need a trusted intermediary to spend money, write contracts, or create finance. In the fifth LTI report, published today, Yackolley Amoussou-Guenou, Bruno Biais, and Sara Tucci-Piergiovanni ask how much of that promise has held. Bruno talks to Tim Phillips about blockchain's potential, its flaws, and its future.  It is a Nash equilibrium: if you believe others will follow the rules, it is in your interest to follow them too. On that foundation Bitcoin's ledger has been running continuously for 16 years. Smart contracts, pioneered by Vitalik Buterin's Ethereum, extend the logic to financial agreements. Decentralised finance promised to cut out rent-seeking intermediaries. Cryptocurrencies can step in where banks are broken or currencies have collapsed; in Lebanon, when bank accounts were frozen and payments stopped, businesses switched to crypto and kept operating. But the technology's libertarian origins may need to be sacrificed: As Bruno says, without transparency there is no trust, and transparency in this market may require regulation.The research behind this episode:Amoussou-Guenou, Yackolley, Bruno Biais, and Sara Tucci-Piergiovanni. 2026. "Can Blockchain Decentralize Money, Contracts, and Finance?" LTI Report 5. CEPR and Long-Term Investors@UniTo. Freely available to download at cepr.org. To cite this episode:Phillips, Tim, and Bruno Biais. 2025. "Can Blockchain Decentralize Money, Contracts, and Finance?" VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About the guestBruno Biais is Professor of Finance at HEC Paris and a Research Fellow at the Centre for Economic Policy Research (CEPR). His research spanning financial market microstructure, corporate finance, and the economics of blockchain has made him one of the leading economists working at the intersection of finance and decentralised technology. He has studied blockchain and cryptocurrency markets since their early years, and his theoretical models of consensus mechanisms and cryptocurrency valuation have shaped how economists understand the conditions under which decentralised systems can and cannot sustain themselves.Research cited in this episodeThe blockchain is a distributed ledger maintained by a network of nodes, each holding an identical copy of the record of ownership. When a transaction is submitted, all nodes verify it against the existing ledger and update their copies to reach consensus on the new state. No central authority manages this process; its stability rests entirely on the incentive structure built into the protocol.Nash equilibrium is a concept from game theory, named for the mathematician John Nash, describing a situation in which each participant's strategy is the best response to the strategies of all others; no individual has an incentive to deviate unilaterally. Biais and co-authors identify the Bitcoin protocol as a Nash equilibrium: if you believe others will follow the rules, it is in your own interest to follow them too. That self-reinforcing alignment of incentives, rather than goodwill or central enforcement, is why the blockchain has remained valid since 2009.Smart contracts are lines of code deposited on a blockchain that execute automatically when specified conditions are met: if X, then Y. Vitalik Buterin introduced them through the Ethereum platform, which offers a richer programming language than Bitcoin and allows users to hold collateral on-chain to guarantee the contract will pay out. Smart contracts underpin automated market makers, decentralised lending, and a wide range of financial applications that require no counterparty or intermediary to enforce the agreement.Oracles are third-party services that transmit data about real-world events to a blockchain, allowing smart contracts to respond to things that happen off-chain. A contract that pays out when a house burns, for example, requires an oracle to report that event to the network. Oracles introduce a point of fragility: the authenticity and accuracy of off-chain information must be established before the network accepts it, and that verification is more vulnerable to error and manipulation than the on-chain consensus mechanism itself.Front-running and miner extractable value (MEV) describe the practice by which technically sophisticated actors exploit the public visibility of pending transactions to extract profits at the expense of ordinary users. Because transactions on public blockchains are broadcast to all nodes before they are confirmed, an actor who sees a large pending purchase can execute the same trade first, drive the price up, and then sell at a profit once the original transaction goes through. The cost falls on the smaller trader. Biais notes that the barriers to entry and economies of scale in this activity have concentrated power in the hands of a small, technically skilled group, recreating the kind of intermediary rents that decentralised finance was designed to eliminate.Automated market makers are smart contracts that provide continuous liquidity for trading between two assets by holding reserves of both in a pool and setting prices according to the ratio of the reserves. A large purchase of one asset depletes that side of the pool and raises its price; a large sale depresses it. Automated market makers have become a central mechanism of decentralised finance, replacing the order-book systems used in traditional exchanges.Stablecoins are cryptocurrency tokens designed to maintain a fixed value relative to a conventional currency, typically the US dollar. They are issued by private entities that hold reserves intended to back the peg. Tether, the largest stablecoin by market capitalisation, holds its reserves in a mix of Treasury bills, Bitcoin, and precious metals; in 2021, the US Commodity Futures Trading Commission fined Tether for misrepresenting those reserves and required it to disclose their composition, making this information publicly available for the first time. Dai is an algorithmically managed stablecoin that maintains its peg through over-collateralisation in cryptocurrency rather than conventional reserves.The Diamond-Dybvig model is a theoretical framework developed by Douglas Diamond and Philip Dybvig explaining why financial intermediaries that hold illiquid assets while issuing liquid claims are inherently vulnerable to runs. When enough depositors demand withdrawal simultaneously, the institution is forced to sell assets at a loss, making further withdrawals impossible and confirming the fears that triggered the run. Biais applies this logic to stablecoins: if enough holders attempt to redeem simultaneously, the issuer must sell its reserves in volume, driving down their price and potentially breaking the peg.Central bank digital currencies (CBDCs) are digital tokens issued and managed by central banks, distinct from both commercial bank deposits and private stablecoins. Biais distinguishes two potential use cases: retail CBDCs, which would allow individuals to hold central bank money directly, and wholesale CBDCs, which would facilitate settlement between large financial institutions. He regards the wholesale application as the more promising; a wholesale CBDC could enable fast, low-cost atomic settlement of cross-currency transactions between banks under central bank oversight, a significant improvement on current interbank settlement systems.MiCA (Markets in Crypto-Assets Regulation) is the European Union's regulatory framework for crypto-asset service providers, which came fully into force in December 2024. It requires licensing for issuers and service providers operating within the EU and imposes disclosure, reserve, and conduct requirements intended to align the sector more closely with the standards applied in traditional financial markets.Hayek's currency competition refers to the argument by Friedrich Hayek that competition between privately issued currencies would discipline monetary policy: users would switch away from currencies managed irresponsibly, and that threat would encourage better central bank behaviour. Biais applies this argument to cryptocurrencies and stablecoins in countries where the domestic currency has been mismanaged. He cites Nigeria, where sharp depreciation of the naira was accompanied by rising crypto adoption; over the following period, Nigeria's central bank raised interest rates and created a more transparent foreign exchange market. Biais suggests, tentatively, that the competitive pressure from crypto alternatives may have contributed to that improvement.More VoxTalks EconomicsDo stablecoins threaten financial stability? Stablecoins are digital tokens, pegged to a fiat currency. What could possibly go wrong? For one type of stablecoin the answer is: plenty, according to Richard Portes. In coin we trust Crypto investors make a lot of noise, but who are they, and do they behave differently to other retail investors?Do cryptocurrencies matter? Can cryptocurrencies be useful? Not just for crypto bro speculators, but as a shield against the depreciation of the official currency if a government is determined to pursue inflationary policies.

In this episode, Salim S. Hayek, MD, Chair for the Department of Internal Medicine and Chief Transformation Officer, UTMB, discusses how AI driven referral triage and operational redesign can reduce administrative burden and improve patient access. He also shares how health systems can build strong foundations for growth amid financial pressure and regulatory uncertainty.

On the latest episode of Minor Issues, Mark Thornton tackles the “Austrians don't care about the poor” smear, arguing that Austrian monetary theory is designed to explain how political elites rig the system against working people. From Cantillon's original gold mine thought experiment to today's Fed-driven credit expansion, Mark explains how cheap money concentrates wealth and fuels the “K-shaped” economy, while a market-based monetary system would sharply limit this dynamic and restore more durable wage growth and stability.Additional Resources"Share of Net Worth Held by the Top 1%" (Federal Reserve Bank of St. Louis): https://mises.org/MI_168_Graph"Monetary Metals 101: How Gold and Silver Work in a Free Market" (Minor Issues, Episode 141) https://mises.org/MI_141"The K-Shaped Economy" (Minor Issues, Episode 150): https://mises.org/MI_151"Past Tense" (Minor Issues, Episode 83): https://mises.org/MI_83"The Fed vs. the Real Economy" (Minor Issues, Episode 58): https://mises.org/MI_58Order 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

In commemoration of Murray Rothbard's 100th birthday, Bob shares five “greatest hits” from Rothbard's economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his reconstruction of utility and welfare economics.Related:Rothbard, Making Economic Sense: Mises.org/HAP541aRothbard, "Toward a Reconstruction of Utility and Welfare Economics": Mises.org/HAP541bRothbard, Man, Economy, and State with Power and Market: Mises.org/HAP541cBob's Study Guide to Man, Economy, and State with Power and Market: Mises.org/HAP541dJoin the Mises Institute on Saturday, April 25 in San Diego, CA to discuss California's fall from grace. Today, it's known for high taxes, bureaucrats, and leftwing billionaires. Is this a warning to the rest of America? Register now at Mises.org/CAHAPThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

In commemoration of Murray Rothbard's 100th birthday, Bob shares five “greatest hits” from Rothbard's economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his reconstruction of utility and welfare economics.Related:Rothbard, Making Economic Sense: Mises.org/HAP541aRothbard, "Toward a Reconstruction of Utility and Welfare Economics": Mises.org/HAP541bRothbard, Man, Economy, and State with Power and Market: Mises.org/HAP541cBob's Study Guide to Man, Economy, and State with Power and Market: Mises.org/HAP541dJoin the Mises Institute on Saturday, April 25 in San Diego, CA to discuss California's fall from grace. Today, it's known for high taxes, bureaucrats, and leftwing billionaires. Is this a warning to the rest of America? Register now at Mises.org/CAHAPThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Rumours about the Rolex GMT Master II Pepsi have reached a boiling point. Authorised dealer websites — controlled by Rolex, not the retailers — have quietly dropped the reference, and WatchPro is reporting that dealers have been told to expect no further deliveries. Asher finds it a dull story; Gabe is more interested in what comes next from Rolex in dress watches, the 1908 collection, and whether the long-dormant Milgauss finally returns. The centrepiece of the episode is the fallout from the annual Morgan Stanley/LuxConsult Swiss Watch Industry report, which drew unusually public pushback from Swatch Group and Tudor this year. Gabe frames Swatch's objections in context: a holding company with depressed stock, underperforming peers, and an activist investor pressing against the Hayek family's control. Their counter-arguments cherry-pick individual figures without offering systematic data — and suing, he notes, gets complicated fast when Swiss civil law has no discovery process. The episode closes on Kalshi's new watch futures prediction market, built in partnership with Bezel. Gabe is sceptical — the market is too thin, insider-trading risk too obvious, and a wrong prediction leaves you with nothing. Both hosts agree it has the feel of early-2020s financial-instrument mania and probably won't survive scrutiny. The episode opens with an announcement for Collective Horology's Los Angeles Open House watch show (June 6, RSVP required) and closes with a conversation about the podcast's focus on the business of watches and why that perspective matters to collectors and industry observers. Openwork is a weekly podcast about how the watch industry actually works. An unfiltered look behind the scenes — no press releases, no hype, and no sponsored takes. Hosted by Asher Rapkin and Gabe Reilly, co-founders of Collective Horology. Available on Apple Podcasts, Spotify, YouTube Music, or wherever you get your podcasts. You can find us online at collectivehorology.com. To get in touch with suggestions, feedback or questions, email podcast@collectivehorology.com.

On the latest episode of Minor Issues, Mark Thornton appears on Arcadia Economics with Chris Marcus during a volatile week for gold and silver amid the escalation with Iran. They unpack the risks and “unintended consequences” of the conflict, along with what all of this means for markets, the dollar, and investor psychology. Mark closes with a hard look at the Fed-fueled, fifteen-year bubble of credit and debt, the growing stress in sovereign debt markets, and why central bankers can't “magic away” the structural problems that created this mess.The original episode is available at https://www.youtube.com/watch?v=MQn1GenrMyQOrder 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

Yasmina Hayek is the Executive Head Chef at Em Sherif restaurants and cafés, and she is based in Beirut, Lebanon. She grew up in a family where food brought people together, told stories and upheld traditions. As a child, she loved visiting her mother Mireille's restaurants and that led her to studies at the Institut Paul Bocuse in France, before working in Michelin-starred kitchens, from Paris to Copenhagen. She later returned to Beirut to work at Em Sherif, which has grown from the original restaurant in Beirut to branches in Harrods London, Monaco, in Abu Dhabi and many other locations. In this podcast we will hear about the legacy of Lebanese dining Yasmina Hayek is spreading around the world. At the end of the podcast she will reveal his favourite restaurants in Beirut, Copenhagen and the rest of the world. The recommendations mentioned in this podcast and thousands more are available in the World of Mouth app: https://www.worldofmouth.app/ Hosted on Acast. See acast.com/privacy for more information.

O Brasil vive um "curto-circuito" de memória e identidade, e as instituições religiosas não estão imunes a esse fenômeno. Neste episódio crucial do Módulo 3 da série "A ORDEM", mergulhamos em um diagnóstico sóbrio e urgente da estrutura da Igreja. Utilizamos ferramentas de análise metapolítica e econômica — de Adam Smith a John Maynard Keynes e Friedrich Hayek — para entender como uma organização, criada para ser um organismo vivo, pode acabar se tornando uma máquina estéril de manutenção. Neste episódio, discutimos: 1. O Mecanismo vs. O Organismo: Quando a estabilidade administrativa substitui a vitalidade da missão. 2. A "Mente Capturada" na Igreja: Como as 11 feridas da cultura brasileira afetam a percepção da nossa identidade profética . 3. Keynes vs. Hayek na Eclesiologia: O perigo do planejamento centralizado e a necessidade de recuperar a "ordem espontânea" da Igreja Primitiva. 4. O Custo Humano: Como a rotatividade pastoral e o clericalismo ferem o pastoreio encarnacional. 5. Reforma, não Revolução: Uma proposta de transição estratégica baseada em novas métricas de discipulado e na descentralização responsável. Este episódio é uma defesa da organização adventista em sua essência mais pura. Entendemos que a estrutura é um instrumento dado por Deus, e é justamente por zelar por ela que propomos uma 'reforma de recalibração'. O foco não é a revolução, mas o retorno aos princípios de movimento e sacerdócio universal que marcaram nossos pioneiros. É uma proposta para que a instituição seja a plataforma de lançamento de uma geração verdadeiramente profética. Tese do Prof. Dr. Marcelo Dias - https://digitalcommons.andrews.edu/cgi/viewcontent.cgi?article=2865&context=dissertations Links Instagram http://instagram.com/alexpalmeira7 Podcast Catalisadores http://open.spotify.com/show/6zJyD0vW8MnyRKPYZtk3B5?si=065e95b72bca4b13 X http://x.com/alexpalmeira9 Facebook http://facebook.com/profile.php?id=100069360678042

Bob uses Trump's call to ban congressional insider trading as a springboard to explain why, from an Austro-libertarian perspective, insider trading and speculation could help markets work, while still justifying special rules for government employees.Related:Bob's Article "Is Insider Trading Really a Crime?": Mises.org/HAP540aThe Social Function of Stock Speculators: Mises.org/HAP540bThe Social Function of Futures Markets: Mises.org/HAP540cThe Social Function of Call and Put Options: Mises.org/HAP540dThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Bob uses Trump's call to ban congressional insider trading as a springboard to explain why, from an Austro-libertarian perspective, insider trading and speculation could help markets work, while still justifying special rules for government employees.Related:Bob's Article "Is Insider Trading Really a Crime?": Mises.org/HAP540aThe Social Function of Stock Speculators: Mises.org/HAP540bThe Social Function of Futures Markets: Mises.org/HAP540cThe Social Function of Call and Put Options: Mises.org/HAP540dThe 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 Minor Issues, Mark Thornton appears on Reinvent Money with Paul Buitink for a “state of the system” conversation. Mark breaks down the US economy as an “everything bubble,” explains what's really behind the trade deficit and the dollar's reserve status, and grades Trump's first-year economic agenda. He closes with a practical Austrian roadmap toward sound money: real savings, capital accumulation, and removing tax penalties on interest, dividends, and long-term gains.The original episode is available at https://www.youtube.com/watch?v=mgqsHCQxSrwOrder 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

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

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/

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

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

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

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.