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The hypothesis of this essay is that Human Action—particularly the first few hundred pages—was instrumental to the new way of economic thinking that emerged with the new Chicago School, the Public Choice School, price theory, economic imperialism, general equilibrium analysis, and, ironically, the rise of economic formalism. Because the reader is "forced" to "test" and accept all the steps in Mises's argument introspectively, a basis of agreement is established. This unconscious agreement might not be recognized by the reader or might be recognized as nothing more than mere common sense. However, this acceptance by the reader is a form of learning by osmosis.
Mises's response, addressing subsidies more generally, is instructive: "A project P is unprofitable when and because consumers prefer the satisfaction expected from the realization of some other projects to the satisfaction expected from the realization of P. The realization of P would withdraw capital and labor from the realization of some other projects for which the demand of the consumers is more urgent. The layman and the pseudo-economist fail to recognize this fact. They stubbornly refuse to notice the scarcity of the factors of production."
Human Action is more than a book about economics broadly construed. It is a guide to civilized social life which elucidates the laws of reality that apply if human persons are to engage in peaceful and prosperous social cooperation under the division of labor. For Mises, unlike most economists, economics is not merely an "analytical toolbox" for grading alternative economic policies or economic systems as more or less practical or efficient. Rather, economics is a body of substantive truths about the institutional foundations of human society. Thus, what is at stake in formulating a well-founded and coherent structure of economic theory is not an incremental change in GDP or 'social welfare' but the fate of humanity.
This, of course, is great news for the Austrian School, where anyone in the world can do what Gordon Tullock did and become his own economist by reading Human Action! The University of Michigan students who spontaneously began chanting when Ron Paul showed up there in 2012 to campaign for the Republican nomination were not chanting "Game theory! Game theory!" They were chanting "End the Fed! End the Fed!" because they had read some of the works of Austrian economists.
The Misesian approach starts with the universal, realistic facts of human persons from which the logic of human action can be deduced. In moving from the logic of personal action to the logic of social interaction, praxeology inserts into economic theory the realistic empirical fact of the heterogeneity among (1) human persons; (2) natural resources, including land sites; and (3) capital goods. In contrast, mainstream economists employ a modeling approach. In the name of science, reliance on human judgment is to be expunged from economic analysis. This means formulating theory mathematically to avoid the ambiguities of verbal language, and statistical techniques supplant the human judgments of economists in assessing the relevance of causal factors.
Keynesian macroeconomics had displaced Austrian business cycle theory and solidly established itself as mainstream macroeconomics. Meanwhile, most of the economics profession sided against the Austrian School in the socialist calculation debate. By the 1940s, the Austrian School was left behind as economic theory developed. Those who were identified as associated with the Austrian School passed away or drifted toward the mainstream. It is not much of an exaggeration to say that by 1950, Mises was the only remaining active member of the old Austrian School.
While he was never mentioned in West German economic textbooks, his name figured prominently in Commie East Germany. In one of these textbooks, you could also find some detailed criticisms of Western, so-called bourgeois economics and economists, among them Friedman and Hayek, but in particular also Mises, who was singled out as the most wrongheaded, dangerous, and detestable of them all.
Alchian began his seminar by reading a paragraph. It was a paragraph about property, and he asked if anyone in the group could identify it. I was the only one; I recognized immediately that that was from Mises' Human Action. As he developed that first lecture—which became I think one of the most important economic articles of the twentieth century, "Economics of Property Rights"—it was like a light bulb went off in my head, it was incredible. All of a sudden, everything that I had done intellectually for thirteen years came together, with this one idea of Alchian's about the real nature of property rights and the Misesian notion of people making choices.
Hoxie visited New York, and asked Johnson to come to his hotel for the evening. Hoxie "was frightening in his appearance." He told Johnson that he was finished. "I can see now, all my work has been bunk. All my writing, every lecture I have ever given, has been bunk." When asked for the reason, Hoxie continued, "I've come to see through Veblen. How could a man be so great a scientist and such a damn fool?" Hoxie concluded that "Veblen knew his equations didn't solve, but he used them just the same." Johnson closes his narrative by writing "I left him, promising to visit him in Chicago and renew the discussion. But before I could get around to a Chicago trip Hoxie killed himself."
Chapter 13 from The Influence and Significance of Human Action After 75 Years. Human Action is indispensable for comprehending the operation and consequences of interventionism, which is the least understood economic system. The treatise is the culmination of Mises's long-standing research program, which was to analyze and compare the three possible economic systems—capitalism, socialism, and interventionism—from the viewpoint of which best promotes social cooperation under the division of labor. Almost all contemporary progressives have embraced interventionism as the true path to socialist bliss.
"If your money isn't sound, it is not reflecting any proof of work. It is not reflecting anything about who should be able to consume, or how much there is available to consume. It's just being corrupted, it's being defrauded, so that certain people get bad price signals. And this will incentivize them and everyone else to literally make economic decisions that appear to be economically profitable, that are actually destroying the society." ~ Guy Swann Why is it that 5,000 years of human civilization built monuments and railroads and cathedrals – and we built WeWork and Quibi? In this episode, I read Wyatt's case for a return to proof of work in the real economy, then push it further: sound money isn't just nice to have. Without it, the market doesn't break – it never emerges in the first place. And when it loses that property, society rots until it dies. Check out the original article: The Bitcoinization of Finance by Wyatt O'Rourke (Link: https://braiins.com/books/bitcoinization-of-finance) References from the episode The Bitcoinization of Finance by Wyatt O'Rourke – the book this chapter is pulled from, available now (audiobook coming soon, narrated by yours truly) (Link: https://braiins.com/books/bitcoinization-of-finance) Broken Money by Lynn Alden – referenced in the chapter and one of the best macro reads out there (Link: https://www.lynalden.com/broken-money/) The Price of Tomorrow by Jeff Booth – also referenced, and a foundational read on deflation and innovation (Link: https://www.jeffbooth.ca/books) Human Action by Ludwig von Mises – the original Austrian breakdown of boom-bust cycles (Link: https://mises.org/mises-wire/ludwig-von-misess-human-action-marking-70-years-continuing-relevance) The previous Read episode on Nick Szabo's The Fabric of Desires – perfect companion piece to this one (Link: https://fountain.fm/episode/ByGugoFYLU0uFDPI6Z2t) Host Links Guy on Nostr (Link: http://tinyurl.com/2xc96ney) Guy on X (Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome partners! Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/) Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other g...
What really drives human action—and how does it shape the economy we live in? In this episode of the WS Podcast, Wojciech Salski explores the powerful ideas from Praxeology: The Invisible Hand That Feeds You by Knut Svanholm, breaking down the foundations of praxeology, Austrian economics, and the logic behind human decision-making. Praxeology is the study of human action—based on the idea that every decision we make is purposeful and aimed at improving our situation. Unlike traditional economic models that try to predict behavior, praxeology starts from a simple truth: humans act based on incentives, emotions, and perceived value. In this episode, we explore: what praxeology really is and why it matters how human action shapes markets and economic systems the difference between gambling, speculation, and engineering why the free market is based on voluntary exchange how inflation distorts incentives and encourages short-term thinking why capitalism may be a natural outcome of human cooperation We also dive into deeper questions about freedom, government, and coercion, exploring whether true equality can exist in systems where force and control are present. The episode challenges conventional thinking about money, value, and society—arguing that many modern economic problems stem from misunderstandings of how humans actually behave. If you want to understand economics from first principles, rethink how value is created, and explore the philosophical foundations of markets and freedom, this episode offers a powerful new perspective. All the love, all the power, all of the time! If you'd like to support the podcast, follow this link: https://linktr.ee/w.salski Instagram: / unusual.stories_podcast YouTube: https://www.youtube.com/@WS_Podcast Spotify: https://open.spotify.com/show/2bcP2r30SdpUuUCU6Jmnk9?si=ce70a31da4d04854 Primal.net: @wspodcast Link to the book on Amazon: https://amzn.eu/d/02qICiTf Related Media: "Bitcoin: Everything divided by 21 Million" - https://fountain.fm/episode/kO4XWvArvE50vj4l26Au "The Price of Tomorrow" - https://fountain.fm/episode/Nrkb8qrat8Lk8tnXQFu3 "Is the Financial System Rigged?" - Episode featuring Max: https://fountain.fm/episode/aB170b3sqAG5nod6HXrc
Bob uses clips from his ZeroHedge debate with Randall Wray, as well as a moment from a forthcoming Human Action podcast, to provide deeper analysis than he had time to cover in the moments.Mentioned in the Episode and Other Links of Interest:The ZeroHedge debate between Murphy and Randall Wray.Bob's (quick) critique of the sectoral balance argument.Bob's Human Action episode on Cantillon effects.Help support the Bob Murphy Show.
Émile Coué genuinely seems to have wanted to help people by teaching them how to plant helpful directives in their subconscious minds. Whether he was effective is something that's still debated. Research: Baldwin, J. Mark, et al. “A Disclaimer.” Science, vol. 12, no. 309, 1900, pp. 850–850. JSTOR, http://www.jstor.org/stable/1629542 Baudouin, Charles. “Émile Coué and His Life’s Work.” American Library Service. New York. 1923. https://digirepo.nlm.nih.gov/ext/dw/55330740R/PDF/55330740R.pdf Baudouin, Charles. “Suggestion and Autosuggestion.” New York. Dodd, Mead and Company, 1921. https://dn720207.ca.archive.org/0/items/suggestionauto00bauduoft/suggestionauto00bauduoft.pdf Britannica Editors. "Émile Coué". Encyclopedia Britannica, 22 Feb. 2026, https://www.britannica.com/biography/Emile-Coué “Coue, After Goodby Lecture, Flees City.” Boston Globe. January 31, 1923. https://www.newspapers.com/image/430295545/ “Coue Explains How to Use Auto-Suggestion.” Boston Globe. January 7, 1923. https://www.newspapers.com/image/430953338/?match=1&terms=Coue COUÉ, EMILE. “SELF MASTERY THROUGH CONSCIOUS AUTOSUGGESTION.” AMERICAN LIBRARY SERVICE PUBLISHERS. NEW YORK. 1922. https://www.gutenberg.org/files/27203/27203-h/27203-h.htm “Delirium Tremens.” Cleveland Clinic. June 5, 2023. https://my.clevelandclinic.org/health/diseases/25052-delirium-tremens “EMILE COUÉ DEAD; A MENTAL HEALER; Many Made Well by Saying ‘Every Day, in Every Way, I'm Growing Better and Better.’” New York Times. July 3, 1926. https://www.nytimes.com/1926/07/03/archives/emile-Coué-dead-a-mental-healer-many-made-well-by-saying-every-day.html Heid, Markham. “Is Hypnosis Real? Here’s What Science Says.” Time. March 2, 2023. https://time.com/5380312/is-hypnosis-real-science/ Myga, Kasia A et al. “Autosuggestion: a cognitive process that empowers your brain?.” Experimental brain research 240,2 (2022): 381-394. doi:10.1007/s00221-021-06265-8 Neal, E. Virgil, ed. “Hypnotism and hypnotic suggestion. A scientific treatise on the uses and possibilities of hypnotism, suggestion and allied phenomena.” New York State Publishing Company. Rochester, NY. 1906. https://archive.org/details/hypnotismhypnoti00roch/page/n9/mode/1up “Pliny 1813 Years Ahead of Coue … “ Boston Globe. January 30, 1923. https://www.newspapers.com/image/430295455/?match=1&terms=Coue Rapp, Dean R. “‘Better and Better—’ Couéism as a Psychological Craze of the Twenties in England.” Studies in Popular Culture, vol. 10, no. 2, 1987, pp. 17–36. JSTOR, http://www.jstor.org/stable/23413989 Sage, X. Lamotte. “Hypnotism As It Is: A Book for Everybody.” New York State Publishing Company. Rochester, NY. 1900. Accessed online: https://upload.wikimedia.org/wikipedia/commons/5/5b/Hypnotism_as_it_is%3B_a_book_for_everybody_%28IA_hypnotismasitisb00sage%29.pdf Sari, N. K. et al.“The role of autosuggestion in geriatric patients’ quality of life: a study on psycho-neuro-endocrine-immunology pathway.” Social Neuroscience, 12(5), pp. 551–559. 2017. doi: 10.1080/17470919.2016.1196243 Schlamann, Marc et al. “Autogenic training alters cerebral activation patterns in fMRI.” The International journal of clinical and experimental hypnosis 58,4 (2010): 444-56. doi:10.1080/00207144.2010.499347 Whiteside, Thomas. “Better and Better.” The New Yorker. May 9, 1953. https://www.newyorker.com/magazine/1953/05/16/better-and-better Yeates, Lindsay B. “Émile Coué and his Method (I): The Chemist of Thought and Human Action.” Australian Journal of Clinical Hypnotherapy & Hypnosis, Volume 38, No.1, (Autumn 2016), pp.3-27. https://www.researchgate.net/publication/374753633_Emile_Coue_and_his_Method_I_The_Chemist_of_Thought_and_Human_Action See omnystudio.com/listener for privacy information.
We are living in a time period where humans are spending less time together than ever, and more and more mechanisms in the market are facilitating this. Cultural trends and a host of demographic realities are reinforcing a human isolation that is problematic at best, and catastrophic at worst.In today's Capital Record, David addresses the human element of social interaction, and the very nature of things that undergirds this. He laments this social trajectory and recognizes where market forces can serve to accommodate unhealthy trends if human beings stay determined to do unhealthy things. But he suggests that the solution is not in criticizing the natural accommodation of markets but rather in reversing those feedback loops through intentional and deliberate action. Naturally, he finds the state's role in this to be dubious. Rather, and with some biographical confessions, he suggests that the solution to people being increasingly alone, lonely, and devoid of healthy, human interaction, starts with us.Show notes:Derek Thompson on the anti-social century Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Starting this week, I'm releasing all the lectures of my Principles of Economics online course for free! This week's lecture explores economics as the study of human action and choice under scarcity, how humans act purposefully with deliberative reason, and why proper economic reasoning is based on understanding human action.Get all course notes and slides on saifedean.com/poecourse
What have the Austrians ever done for us?The answer is quite a lot, particularly regarding the importance of liberty and free markets, and how government overreach in economic matters results in long-term damage and decline.However, Carl Menger, Ludwig von Mises, Friedrich Hayek, and other members of the so-called Austrian School have long occupied a fringe position in conventional economic thought, and their ideas have been excluded from policymakers' toolkits, which are dominated by the Keynesian framework.But is this changing?The evidence suggests it might be. The growing interest in non-state-backed money, the rise of social media platforms such as Substack, which provide outlets for new ideas, and, significantly, the Milei Revolution, now underway in Argentina, all point to a renaissance in Austrian economics. Javier Milei regards himself as an Austrian economist and cites, among others, Mises, Hayek and Murray Rothbard as his heroes, whose ideas changed his life. They may yet change the course of Argentina's history.So, I was honoured when Dr Mark Thornton of Auburn University and the Mises Institute agreed to join me for a discussion on the Austrian School and its growth since the early 1980s. At that time, we were both undergraduates reading works such as Hayek's The Road to Serfdom, von Mises' Human Action, and Rothbard's Man, Economy & State. And it turns out that we may have met previously, 45 years ago. It is sometimes a small world. We had a great conversation in which Mark outlined his optimistic view of how Austrian ideas can help us understand the investment landscape, the broader significance of Milei's reform agenda, and our world where human action seeks opportunities in non-fiat money.Mark's published works include The Skyscraper Curse: How Austrian Economics Predicted Every Major Economic Crisis of the Last Century. Additionally, articles, digests, and podcasts from the Mises Institute, which provides extensive freely available content for those keen to learn more about the Austrian way of thinking and its growing relevance to our times. However, of course, none of what you are about to hear is any kind of advice but solely for your information and hopefully, entertainment. Please seek personal financial advice before investing a penny of your money in these crazy markets. With that said, please enjoy my conversation with the maverick Austrian economist, Dr Mark Thornton.Brought to you by Progressive Equity. Hayek for the 21st Century: Essays in Political Economy/ Order a FREE copy of the book or multiple copies! Also, you can download the PDF and ePub versions using this link: https://mises.org/library/book/hayek-21st-century-essays-political-economy
Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app: https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute: https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow Learn more about your ad choices. Visit megaphone.fm/adchoices
Download Audio. Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app: https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute: https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow
Professor Bas van Fraassen argues science doesn't deliver literal truth about reality, meaning unobservable physics is merely a model. He also contends the self isn't a thing and that logic permits free will, ultimately sharing how he maintains faith in God without relying on metaphysics. As a listener of TOE you can get a special 20% off discount to The Economist and all it has to offer! Visit https://www.economist.com/toe TIMESTAMPS: - 00:00 - Reality vs. Appearance - 08:40 - Scientific Realism vs. Anti-Realism - 16:30 - The "No Miracles" Argument - 22:26 - Common Sense Realism - 27:54 - Trusting Instruments vs. Theories - 34:22 - Kierkegaard's Call to Decision - 41:50 - Determinism is a Model - 48:50 - Sartre on Free Will - 56:47 - Causation Doesn't Exist in Physics - 01:05:47 - Language of Human Action - 01:15:54 - Tarski's Limitative Theorems - 01:23:50 - "I Am Not a Thing" - 01:34:20 - Rejecting Analytic Metaphysics - 01:40:17 - Does God Exist? - 01:50:50 - Disagreement on Monty Hall - 01:56:15 - Conversion to Catholicism LINKS MENTIONED: - The Scientific Image [Book]: https://amzn.to/499SA72 - Bas's Blog: https://basvanfraassensblog.home.blog/about-me-2/ - The Empirical Stance [Book]: https://amzn.to/3MWbKEK - Bas's Published Papers: https://scholar.google.com/citations?user=EBj6wCAAAAAJ&hl=en - Bas's Published Books: https://amzn.to/3L0njdw - Reality Is Not What It Seems [Book]: https://amzn.to/3YseMDe - Matthew Segall [TOE]: https://youtu.be/DeTm4fSXpbM - The "No Miracles" Argument: https://plato.stanford.edu/entries/scientific-realism/#MiraArgu - Bas On Closer To Truth: https://youtu.be/nQnQ9ndlYi4 - The Most Terrifying Philosopher I've Encountered [TOE]: https://youtu.be/BWYxRM__TBU - Curt Reads Plato's Cave [TOE]: https://youtu.be/PurNlwnxwfY - Avshalom Elitzur [TOE]: https://youtu.be/pWRAaimQT1E - Formal Philosophy [Paper]: https://archive.org/details/formalphilosophy00mont/page/n5/mode/2up - Robert Sapolsky [TOE]: https://youtu.be/z0IqA1hYKY8 - Time And Chance [Book]: https://amzn.to/4qb6tru - Aaron Schurger [TOE]: https://youtu.be/yDDgDSmfS6Q - Nancy Cartwright's Published Work: https://www.profnancycartwright.com/publications/books/ - Tim Maudlin [TOE]: https://youtu.be/fU1bs5o3nss - Elan Barenholtz & Will Hahn [TOE]: https://youtu.be/Ca_RbPXraDE - On The Electrodynamics Of Moving Bodies [Paper]: https://sites.pitt.edu/~jdnorton/teaching/Einstein_graduate/pdfs/Einstein_STR_1905_English.pdf - The 'Twin Earth' Thought Experiment: https://www.britannica.com/biography/Hilary-Putnam#ref1204773 - Yang-Hui He [TOE]: https://youtu.be/spIquD_mBFk - The Nonexistent Knight [Book]: https://amzn.to/3XWxfrs - Wolfgang Smith [TOE]: https://youtu.be/vp18_L_y_30 - Neil deGrasse Tyson Doesn't Understand What "Belief" Means [Article]: https://curtjaimungal.substack.com/p/i-dont-use-the-word-belief-and-scientific - The Monty Hall Problem: https://en.wikipedia.org/wiki/Monty_Hall_problem - Daniel Dennett [TOE]: https://youtu.be/bH553zzjQlI - Michael Dummett: https://iep.utm.edu/michael-dummett/ - How To Define Theoretical Terms [Paper]: https://www.princeton.edu/~hhalvors/teaching/phi520_f2012/lewis-theoretical-terms.pdf - The Model-Theoretic Argument: https://plato.stanford.edu/entries/realism-sem-challenge/model-theory-completeness.html - Remembering Hilary Putnam [Article]: https://www.tabletmag.com/sections/news/articles/remembering-hilary-putnam-harvard-philosopher-and-religious-jew - Hilary Lawson: https://www.hilarylawson.com/biography/ - Language Isn't Just Low Resolution Communication: https://curtjaimungal.substack.com/p/language-isnt-just-low-resolution Learn more about your ad choices. Visit megaphone.fm/adchoices
What have the Austrians ever done for us? In terms of understanding the importance of liberty, free markets, and, particularly, how government overreach in economic matters results in long-term damage and decline, the answer is a lot. However, Carl Menger, Ludwig von Mises, Friedrich Hayek, and other members of the so-called Austrian School have long occupied a fringe position in conventional economic thought and have been largely excluded from policymakers' toolkits, which are dominated by Keynesian frameworks. But is this changing? The growing interest in non-state-backed money, the rise of social media, and the Milei Revolution underway in Argentina all suggest it is. In particular, Javier Milei strongly aligns his worldview with that of the Austrian School and cites, among others, Mises, Hayek and Murray Rothbard as his philosophical heroes.I was honoured when Dr Mark Thornton of Auburn University and the Mises Institute agreed to join me for a discussion on the Austrian School and its growth since the early 1980s. At that time, we were both econ-undergraduates reading works such as Hayek's The Road to Serfdom, von Mises' Human Action, and Rothbard's Man, Economy & State. We had a great conversation in which Mark outlined his optimistic view of how Austrian ideas can help us understand the investment landscape and the broader significance of Milei's reform agenda in Argentina. Mark's published works include The Skyscraper Curse: How Austrian Economics Predicted Every Major Economic Crisis of the Last Century. I began by asking Mark about a former colleague of his at the Mises Institute, Roger Garrison. It turns out we might have attended the same Summer School that Roger taught 45 years ago. As they say, it's a small world. Please enjoy my conversation with the maverick Austrian economist, Dr Mark Thornton. Brought to you by Progressive Equity. Hayek for the 21st Century: Essays in Political Economy/ Order a FREE copy of the book or multiple copies! Also, you can download the PDF and ePub versions using this link: https://mises.org/library/book/hayek-21st-century-essays-political-economy
Kinsella on Liberty Podcast: Episode 473. https://youtu.be/soyywXASOh4?si=pHKdf6awiCXOqXGV From The White Pillbox, Stephan Kinsella's Universal Principles of Liberty. This is my discussion with Mark Maresca, of The White Pillbox, about The Universal Principles of Liberty. (Previous episode: Kinsella as “White Pill”: Maresca, “From the White-PillBox: Part 29. Achilles Heel edition 3”.) Mark's shownotes: Recently Stephan published an exciting document, the Universal Principles of Liberty: https://stephankinsella.com/principles/ Stephan provides some background that led to the Principles, historical context, use cases, and so much more. As always, Stephan demonstrates why he is a true human White Pill. He even challenged me to White Pill him, on my reasoning behind why true free societies may be coming sooner than we think. Some of his key publications: International Investment, Political Risk, and Dispute Resolution (Oxford, 2020): http://www.kinsellalaw.com/iipr/ Against Intellectual Property (Mises Institute, 2001): http://c4sif.org/aip/ Legal Foundations of a Free Society (Papinian Press, 2023): https://stephankinsella.com/lffs/ Links to other topics we covered in this episode... The Law, by Frederic Bastiat: https://store.mises.org/The-Law-P408.... For a New Liberty, by Murray N. Rothbard: https://store.mises.org/For-a-New-Lib... Human Action, by Ludwig von Mises: https://store.mises.org/Human-Action-... The Remnant, from Isaiah's Job, by Albert J. Nock: https://mises.org/mises-daily/isaiahs... The Property and Freedom Society: https://propertyandfreedom.org/ Grok shownotes and transcript below. Grok Shownotes Overview of the Discussion The episode of the White Pillbox features host Mark Maresca interviewing Stephan Kinsella, a prominent intellectual property attorney and libertarian writer from Houston. Recorded on September 06, 2025, the conversation delves into Kinsella's latest work, the "Universal Principles of Liberty," a document aimed at articulating a coherent framework for libertarian principles. This discussion provides listeners with an insightful exploration of libertarian thought, emphasizing practical applications and philosophical underpinnings in the context of transitioning to a freer society. Background on Universal Principles of Liberty Kinsella explains the genesis of the "Universal Principles of Liberty," highlighting his involvement in various libertarian projects, including attempts to draft constitutions for new nations like Liberland. He critiques the traditional concept of constitutions as state-authorizing documents, advocating instead for a statement of principles that avoids legitimizing governmental authority. The project evolved from his earlier work, such as the "Fundamental Principles of Justice," and was collaboratively refined with contributions from attorneys Pat Tinsley, Aleandro Fusillo, David Durr, and oversight from Hans-Hermann Hoppe, reflecting a broad consensus on core libertarian values. Core Libertarian Principles The core of the "Universal Principles of Liberty" rests on four key principles: self-ownership, original appropriation (homesteading), contract, and rectification. Kinsella argues these principles, derived from Roman and English common law, offer a decentralized, organic approach to law that contrasts with statutory legislation. He emphasizes that libertarianism, as a consistent application of these private law principles, rejects state-imposed exceptions like taxation or sovereign immunity, providing a foundation for a free society that can adapt through judicial interpretation rather than legislative fiat. Practical Applications and Flexibility Kinsella discusses the document's practical use as a "guard rail" for free territories or communities, such as Liberland or Prospera in Honduras, where it could guide development and judicial decisions without mandating a top-down structure. The principles are designed to be flexible,
// GUEST //YouTube: https://www.youtube.com/@aqualityexistence4842/featuredThe Robert Pirsig Association: https://www.robertpirsig.org/ // SPONSORS //iCoin: https://icointechnology.com/breedloveCowbolt: https://cowbolt.com/Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/Blockware Solutions: https://mining.blockwaresolutions.com/breedloveIn Wolf's Clothing: https://wolfnyc.com/Onramp: https://onrampbitcoin.com/?grsf=breedloveMindlab Pro: https://www.mindlabpro.com/breedloveCoinbits: https://coinbits.app/breedloveThe Farm at Okefenokee: https://okefarm.com/Orange Pill App: https://www.orangepillapp.com/ // PRODUCTS I ENDORSE //Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedloveLineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/Salt of the Earth Electrolytes: http://drinksote.com/breedloveJawzrsize (code RobertBreedlove for 20% off): https://jawzrsize.com // UNLOCK THE WISDOM OF THE WORLD'S BEST NON-FICTION BOOKS //https://course.breedlove.io/ // SUBSCRIBE TO THE CLIPS CHANNEL //https://www.youtube.com/@robertbreedloveclips2996/videos // TIMESTAMPS //0:00 - WiM Episode Trailer0:43 - Zen and the Art of Motorcycle Maintenance and Jordan Peterson7:57 - Reality: Matter vs What Matters10:16 - Metaphysics and Limits14:47 - Cowbolt: Settle in Bitcoin16:02 - Heart and Soil Supplements17:02 - Is there an Ultimate Reality We can get to?22:37 - Value and Quality, Human Action25:39 - The Metaphysics of Quality39:28 - Mine Bitcoin with Blockware Solutions40:54 - Onramp Bitcoin Custody41:51 - Bitcoin Changes Incentives51:25 - Subject, Object Duality54:00 - Human Action is Primary1:05:35 - Mind Lab Pro Supplements1:06:44 - Buy Bitcoin with Coinbits1:07:53 - Living vs Non-Living Systems1:15:18 - Sevilla's View on God1:26:08 - Quality Event1:33:33 - The Farm at Okefenokee1:34:44 - Orange Pill App1:35:11 - Remembering What Quality Is1:52:25 - The Meaning of Meaning2:00:22 - Carl Jung and Jordan Peterson2:05:05 - How Persig's Work Changed Sevilla's Practice2:07:25 - Where to Find Sevilla2:08:56 - Efani: Protect Yourself From SIM Swaps2:10:03 - Unlock the Wisdom of the Best Non-Fiction Books // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsERSS Feed: https://feeds.simplecast.com/MLdpYXYI // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2 // SOCIAL //Breedlove X: https://x.com/Breedlove22WiM? X: https://x.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22Substack: https://breedlove22.substack.com/All My Current Work: https://linktr.ee/robertbreedlove
Mathematician Ian Deters returns to the podcast to summarize the results of his computer simulations of a simple model of "free banking," as guided by Bob's instructions. His report has some good news and bad news for Bob.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.This episode's sponsor, ExPatMoneySummit.com.The website of Ian Deters, including contact info. Ian Deters' appearance on the BMS ep. 287 defending the use of infinite sets in higher mathematics.Bob's recent Human Action podcast episode explaining the Rothbardian view of free banking (and the in-built limits to credit expansion).The Selgin-White 1994 JEL article laying out their model of free banking.Bob's QJAE article critical of the Selgin-White approach to free banking.Help support the Bob Murphy Show.
My attempt at summarising Bob Murphy's great episode on banking (mainly from the Human Action podcast)
In another crossover episode, Adam Haman asks Bob about his doubts/concerns on various parts of Richard Werner's recent appearance on the Tucker Carlson show. This discussion is on the heels of Bob's episode of the Human Action podcast with Jonathan Newman, where they responded to Werner's interview from an Austrian economics perspective.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.This episode's sponsor, The Swan Brothers.The Richard Werner appearance on Tucker Carlson.Bob's Human Action podcast episode with Jonathan Newman, discussing Werner.Bob's infineo blog post going over the accounting; his latest HA episode walking through these examples.The HamanNature substack.Help support the Bob Murphy Show.
Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.Original article: https://mises.org/mises-wire/how-psychology-catching-reality-human-action
Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.Original article: https://mises.org/mises-wire/how-psychology-catching-reality-human-action
Adam Haman returns, this time to discuss Jacob Hornberger's recent video, where he critiques the Haman/Murphy/Dave Smith takes on immigration.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.Jacob Hornberger's critique of Haman/Murphy/Smith.The SoHo Forum immigration debate between Dave Smith and Alex Nowrasteh. Adam and Bob's original analysis of the SoHo Forum immigration debate. Bob's breakdown of it on Human Action podcast. Bob's interview of Nowrasteh on the debate.The HamanNature substack.Help support the Bob Murphy Show.
Alex Nowrasteh is Vice President for Economic and Social Policy Studies at the Cato Institute. After Bob (on the Human Action podcast) summarized the recent SoHo forum immigration debate between Alex and Dave Smith, Alex had written a substack article responding to Bob's critique. Alex joins Bob to discuss the controversy, covering the empirical studies, the Hoppean argument concerning government-controlled property, and the current situation in LA.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.This episode's sponsor, PersistSEO.com.Alex Nowrasteh's substack column pushing back against Bob's critique. The list of CATO studies (co-)authored by Alex Nowrasteh.Bob and Adam Haman comment on the SoHo debate. Bob goes solo on the Human Action podcast to parse Dave Smith's arguments and to question Alex's empirical claims.Bob's episode talking about blockades and immigration in a free society (with reference to his novel, Minerva).Help support the Bob Murphy Show.
Bob explains the fundamental role that subjective choice plays in various fields, suggesting there is something quite extraordinary about it.Mentioned in the Episode and Other Links of Interest:Bob's book Choice. A recent Human Action podcast episode with Jonathan Newman, discussing Bob's introductory textbook and why action is so important in economic science.BMS ep. 304, the first installment of the Bible commentary, which includes Bob's movie theater analogy for reconciling free will and determinism.BMS ep. 257 laying out Hans Hoppe's case that Mises' action axiom solved the mind-body problem.A good YT video explaining the weird results of the 2-slit experiment.A good YT on Bell's Theorem. Sabin Hossenfelder on Hoofdt and superdeterminism.InFi ep. 22 featuring Michael Fraser, who consults with business leaders that they should view AI as a cauldron, not a crystal ball.Background info on the Axiom of Choice from set theory.Help support the Bob Murphy Show.
Author and Theologian of the Papal Household, Fr. Wojciech Giertych, O.P., speaks with Doug about human actions can be elevated to the supernatural level with divine grace works.
Adam Haman returns, this time for a 2fer. First he and Bob discuss the recent SoHo Forum debate on immigration between Dave Smith and Alex Nowrasteh. Then they discuss Michael Malice's recent appearance on Bret Weinstein's DarkHorse podcast to talk about egalitarianism and anarchy.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.The SoHo forum debate, and the Michael Malice interview.BMS ep 194 on Bob's views on immigration under anarchy.Dave Smith on the Human Action podcast laying out his views on immigration vis-a-vis libertarian theory.The HamanNature substack.Help support the Bob Murphy Show.
This lecture is entitled Is Free Will an Illusion? St. Thomas Aquinas and Human Action. It was presented by Fr. Stephen Brock of the Pontifical University of the Holy Cross on April 10, 2024, at the Ruth Lake Country Club.
Kinsella on Liberty Podcast: Episode 461. This is my appearance on Adam Haman's podcast and Youtube channel, Haman Nature (Haman Nature substack), episode HN 119, “Stephan Kinsella Expounds on Philosophy And The Life Well Lived” (recorded Feb. 6, 2025—just before the Tom Woods cruise). We discussed philosophy and rights; my legal and libertarian careers (see Adopting Liberty: The Stephan Kinsella Story), and so on. Shownotes, links, grok summary, and transcript below. https://youtu.be/Ekg5slP8xAg?si=6fNlmaeR6V7OMVEW Adam's Shownotes Brilliant patent attorney, philosopher, legal theorist and libertarian anarchist Stephan Kinsella comes back on the show to take Adam to task for not defending atheism with enough vigor! 00:00 — Intro. Adam and Stephan reminisce about the Tom Woods Cruise! Also: proof that Stephan has a wife. 02:30 — Stephan's intellectual history about the "God issue". 11:30 — What is "sound epistemology" on this subject? What are good arguments for or against the existence of God? How should we think about the arguments of Thomas Aquinas et al? 19:55 — What is a good definition of "atheist"? How about "agnostic"? Plus more epistemology applied to metaphysical claims such as the existence of God. Also, our nature as humans is that we must act in the world even though we lack certainty and our knowledge is contextual. 32:38 — Adam asks Stephan: how would you react if you met a god-like being? Or Jesus Himself? A discussion of intellectual humility ensues. How does knowledge relate to human action? How do we acquire knowledge in the first place? Does this relate to AI? 47:09 — Adam admits he really doesn't know how anything works. Vinyl records are magic! 53:15 — Outro. It is agreed that Adam and Stephan are "the good atheists". Links George Smith, Atheism: The Case Against God Barry Smith, In Defense of Extreme (Fallibilistic) Apriorism On Peter Janich, see Handwerk und Mundwerk: Über das Herstellen von Wissen, Protophysics of Time, What Is Information?, Euclid's Heritage: Is Space Three-Dimensional?; and references/discussion in Hoppe on Falsificationism, Empiricism, and Apriorism and Protophysics and Hoppe, My Discovery of Human Action and of Mises as a Philosopher Hoppe, Economic Science and the Austrian Method David Kelley, Foundations of Knowledge lectures ——, The Evidence of the Senses: A Realist Theory of Perception Ayn Rand, Introduction to Objectivist Epistemology Biographical: Alan D. Bergman, Adopting Liberty: The Stephan Kinsella Story (2025); various biographical pieces on my publications page From the messing-with-Adam section: Grok discussion of use of optical metrology to play an LP by taking a photograph with a smartphone (estimate: 2033) Grok answer to this prompt: Explain to Adam, who thinks this is all magic, how an LP records and plays sounds, what transducers are; and how modulation works, using some examples of carrier waves such as EM radio waves with both AM and FM, and laser light signals transmitted down fiber optic cables and using both analog modulation such as CATV signals and digital modulation such as for internet data; and how modems work. Grok answer to this prompt: Now explain to Adam what "holes" are, in electric current, compared to electrons, what the mass and nature of holes are, and why the convention is for electric current, and electrons, to have a negative symbol. Also explain why electrical engineers use i instead of j for the imaginary number sqrt(-2). Also take a stab at explaining what imaginary numbers really are and how they are useful for things like freguency, and how they are not really "imaginary," and what "complex" numbers are; and how if you imagine a 2D plane with real numbers on the horizontal axis and imaginary numbers on the vertical or Y axis, and how you can picture 1xi as a 90° move from 1 on the real or X axis up to i on the imaginary or Y axis,
// GUEST //Website: https://silviogesell.com/YouTube: https://www.youtube.com/@thesilviogesellfoundation/featured and https://www.youtube.com/@HGSSS/featured // SPONSORS //The Farm at Okefenokee: https://okefarm.com/iCoin: https://icointechnology.com/breedloveHeart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/In Wolf's Clothing: https://wolfnyc.com/Blockware Solutions: https://mining.blockwaresolutions.com/breedloveOn Ramp: https://onrampbitcoin.com/?grsf=breedloveMindlab Pro: https://www.mindlabpro.com/breedloveCoinbits: https://coinbits.app/breedlove // PRODUCTS I ENDORSE //Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedloveNoble Protein (discount code BREEDLOVE for 15% off): https://nobleorigins.com/Lineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/ // SUBSCRIBE TO THE CLIPS CHANNEL //https://www.youtube.com/@robertbreedloveclips2996/videos // OUTLINE //0:00 - WiM Episode Trailer1:35 - Silvio Gesell6:57 - Does Land Ownership Undermine Private Property?19:53 - You Made It, You Own It31:14 - The Farm at Okefenokee32:33 - iCoin Technology34:03 - Private Property, Land, and Government49:26 - What is Money?56:08 - Heart and Soil Supplements57:08 - Helping Lightning Startups with In Wolf's Clothing58:00 - Savings, Investing, and Human Action1:08:10 - Physical and Technological Wealth Degradation 1:22:00 - Mine Bitcoin with Blockware Solutions1:23:22 - OnRamp Bitcoin Custody1:24:45 - Can Saving be a Negative for Society?1:29:01 - Money and the Division of Labor1:40:37 - Saving and the Division of Labor1:55:44 - Mind Lab Pro Supplements1:56:55 - Buy Bitcoin with Coinbits1:58:05 - Demurrage: Separating Store of Value and Medium of Exchange2:05:52 - The Problems with Exchanging a Portable Money2:20:39 - Robinson Crusoe Interest Example2:31:31 - What is Money?2:34:27 - The Power Imbalance of Interest2:40:18 - Is Silvio Gesell a Marxist?2:49:26 - Where to Find Josh Sidman // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsERSS Feed: https://feeds.simplecast.com/MLdpYXYI // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2 // SOCIAL //Breedlove X: https://x.com/Breedlove22WiM? X: https://x.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22Substack: https://breedlove22.substack.com/All My Current Work: https://linktr.ee/robertbreedlove
If you're a catholic leader with a heart for renewal, listen to this podcast! Take our FREE Parish Missional Health Assessment today: https://dpc4olay0gt.typeform.com/MissionalHealth ___ You can listen to the podcast weekly on YouTube, Spotify and Apple Podcasts! Listen on Spotify ⇥ https://spoti.fi/3PYXGa6 Listen on Apple ⇥ https://apple.co/3vjltcS Subscribe on YouTube ⇥ @huntleyleadership ___ Work with Huntley Leadership! Contact us to inquire about coaching or speaking ⇥ https://www.huntleyleadership.com/contact-us Visit our course website ⇥ https://courses.huntleyleadership.com ___ Connect with Huntley Leadership! Connect on LinkedIn ⇥ / huntleyleadership Follow on Twitter ⇥ / ron_huntley Follow on Instagram ⇥ / huntleyleadership Follow on Facebook ⇥ / huntleyleadership Subscribe to our YouTube channel ⇥ @huntleyleadership ___ QUESTION: What kinds of videos and podcasts would you like to see from us? ___ Summary In this episode of the Huntley Leadership Podcast, Ron Huntley interviews Fr. Fabio DeSouza, a priest from Calgary, Alberta, Canada. Fr. Fabio shares his remarkable journey from a successful business owner in Brazil to embracing the priesthood. He discusses pivotal moments in his life, including a profound spiritual experience that led him to discover his vocation. The conversation delves into the concept of living in the divine will, emphasizing the importance of surrendering to God's plan and recognizing the various ways God communicates with us. Fr. Fabio's insights offer inspiration for Catholic leaders and anyone seeking renewal in their faith. In this conversation, Fr. Fabio DeSouza explores the concept of Divine Will, emphasizing its significance in daily life and spirituality. He shares personal experiences and insights about aligning with God's will, the journey of Luisa Picareta, and the importance of discernment in understanding one's path. The discussion highlights the active role of the Church and community in living out this spirituality, as well as the transformative power of surrendering to God's guidance.
Part Two: Gratuitous Goods in a Free EconomyChapter 6 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.From pp. 179–218 in the print edition.
Send us a textJo Jensen is the founder of MovieGoer and she's currently the SVP of Digital and Entertainment Strategy at Touchdown Strategies, a PR firm. and is an Aspen Institute Civil Society Fellow. Since all fellows have ventures over there, she's currently writing a book called America Has a Girlfriend Problem.Today, we talk about the anxiety of my generation and how to unplug, attempting to grow comfortable with discomfort. We talk about how things have changed and how we can become more active, willing to take leaps that will either succeed or teach us fundamentally important lessons. We also talk about her work with growing audiences and relationships. The first step is always caring about others and seeing their potential. Then we move on to talk about America's Girlfriend Problem, addressing the issues which disproportionately affect single women in America today. Kristi Kendall on Human Action and Inspiring Through Ideas, a Great Antidote podcast.Anna Claire Flowers on F.A. Hayek and Social Structures, a Great Antidote podcast. Kerianne Lawson on Equal Economic Freedoms, a Great Antidote podcast.Nicholas Snow, A Gentlemanly Experiment in the "Loose, Vague, and Indeterminate," at Speaking of Smith.Edward J. Timmons, Occupational Licensing, in the Concise Encyclopedia of Economics.Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
Bob first explains the neoclassical theory of "optimal tariffs," by which a large country can use a modest tariff to improve its terms of trade. He then shows how this theoretical possibility is consistent with standard arguments making the case for free trade.Mentioned in the Episode and Other Links of Interest:The link for Monetary-Metals.com.Fed Reserve Bank of Richmond piece on optimal tariff theory.Bob and Josh Hendrickson discuss Stephen Miran's strategy for using tariffs to help the US position.Bastiat's "Petition of the Candlemakers."Bob on the Human Action podcast clarifies comparative advantage.Bob interviews Brian Domitrovic on economists having a biased view of tariffs vs. income taxes.Help support the Bob Murphy Show.
In the long-awaited third installment of my Ludwig von Mises vs. a Christian Scholar series, I take on the big dog himself, N.T. Wright. Wright is the world's most famous New Testament scholar and theologian and is known for his pioneering work on the ‘New Perspective' on Paul, Paul and empire, and the historical Jesus. I explain how his own theology of empire and the church helped lead me to libertarianism, but how Wright himself often fails to see the modern consequences of his own theological positions. I look at a passage from his book History and Eschatology where he writes a veiled critique of capitalism, and counter it with a passage from Mises's Human Action that explains how free market capitalism actually works. This demonstrates that on a definitional level Wright doesn't understand free markets and attributes to ‘capitalism' economic problems that are directly caused by government intervention in the market. I then play clips from an interview Wright had with entrepreneur Phil Chen, showing that Wright fails to understand monetary theory, central banking, economic regulation, and markets. I counter his points with selected readings from the works of Mises, demonstrating how an understanding of the Austrian school of economics would better help Wright better apply his theology to modern social and economic problems. Media Referenced:Round 1: Mises vs. Gorman: https://libertarianchristians.com/episode/ludwig-von-mises-vs-christian-scholar-round-1-michael-gorman/Round 2: Mises vs. Smith: https://libertarianchristians.com/episode/ludwig-von-mises-vs-christian-scholar-round-2-james-k-a-smith/‘Inflation' defined: https://libertarianchristians.com/episode/ep-66-the-high-cost-of-inflation-and-the-war-in-ukraine/Bitcoin explained: https://libertarianchristians.com/episode/bitcoin-and-the-future-of-currency-with-adam-obrien/Money, the Fed, and Christianity: https://libertarianchristians.com/episode/ep-99-money-the-federal-reserve-and-christian-ethics-with-jordan-bush/Human Action: https://mises.org/podcasts/human-action-treatise-economicsHistory and Eschatology: https://a.co/d/8tHavlmMoney and Inflation: https://mises.org/library/book/ludwig-von-mises-money-and-inflationPhil Chen Interview Part 1: https://www.youtube.com/watch?v=fFR7J2-N6JM&list=PPSVPhil Chen Interview Part 2: https://www.youtube.com/watch?v=N2W0Jo5QAaU&list=PLQhBTXNmfWOyX5l7di2JV8ghJh4SdwcUF&index=8 The Protestant Libertarian Podcast is a project of the Libertarian Christian Institute and a part of the Christians For Liberty Network. The Libertarian Christian Institute can be found at www.libertarianchristians.com.Questions, comments, suggestions? Please reach out to me at theprotestantlibertarian@gmail.com. You can also follow the podcast on Twitter: @prolibertypod. For more about the show, you can go to theprotestantlibertarianpodcast.com. If you like the show and want to support it, you can! Check out the Protestant
Adam Haman returns to discuss Trump's recent tweet promising 100% tariffs if the BRICS nations try to develop an alternative to the US dollar.Mentioned in the Episode and Other Links of Interest:The YouTube version of this episode.A recent Human Action podcast where Bob clarifies some arguments about international trade.Bob's book Understanding Money Mechanics.The Haman Nature page.Help support the Bob Murphy Show.
Mises Fellow Kristoffer Hansen joins Bob to discuss Mises' perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen's work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in Human Action on the topic.Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle.Kristoffer's Article in the QJAE, "Sound Money without Free Banking": Mises.org/HAP472aKristoffer and Jonathan Newman's Article in the QJAE Clarifying Rothbard's Definition of Inflation: Mises.org/HAP472bHuman Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: Mises.org/HAP472cThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Mises Fellow Kristoffer Hansen joins Bob to discuss Mises' perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen's work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in Human Action on the topic.Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle.Kristoffer's Article in the QJAE, "Sound Money without Free Banking": Mises.org/HAP472aKristoffer and Jonathan Newman's Article in the QJAE Clarifying Rothbard's Definition of Inflation: Mises.org/HAP472bHuman Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: Mises.org/HAP472cThe Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
// GUEST // Website: https://www.studioofendlessideas.com/ X: https://x.com/bravomonika Instagram: https://www.instagram.com/monikaco Substack: https://monikabravo.substack.com/// SPONSORS // The Farm at Okefenokee: https://okefarm.com/ Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/ In Wolf's Clothing: https://wolfnyc.com/ Tuttle Twins: http://angel.com/breedlove Mindlab Pro: https://www.mindlabpro.com/breedlove// PRODUCTS I ENDORSE // Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedlove Noble Protein (discount code BREEDLOVE for 15% off): https://nobleorigins.com/ The Bitcoin Advisor: https://content.thebitcoinadviser.com/breedlove Lineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22 Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/ // SUBSCRIBE TO THE CLIPS CHANNEL // https://www.youtube.com/@robertbreedloveclips2996/videos // OUTLINE // 0:00 - WiM Intro 1:33 - The Farm at Okefenokee 2:52 - Introducing Monika Bravo 16:04 - Ontological Basis of Space and Time 26:48 - Mythology and Astrology 42:03 - Heart and Soil Supplements 43:03 - Helping Lightning Startups with In Wolf's Clothing 43:55 - The Role of Ratio in Rationality 49:23 - Meaning and Interpretations in Astrology 1:01:40 - The Power of Bitcoin 1:13:14 - Observing Ourselves and Others 1:29:58 - Tuttle Twins: Teaching Kids Critical Thinking 1:31:14 - Mind Lab Pro 1:32:25 - Social Media and Disagreeableness 1:40:41 - Be The Change (BTC) 1:49:27 - Carl Jung and Astrology 2:06:08 - The Power of Meditation 2:20:47 - Praxeology and Human Action 2:30:54 - Coming to Terms with Life 2:39:07 - Authenticity and Security 2:42:27 - Reconnecting with Lost Loved Ones 2:57:49 - Closing Thoughts// PODCAST // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101// WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/ // SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://linktr.ee/robertbreedlove
David is joined this week by Dr. Victor Claar, an economics professor at Florida Gulf Coast University and a renowned Acton Institute fellow. They discuss the anthropology that underlies all economic schools of thought, but particularly the Austrian school, and ask whether or not knowing that mankind acts with purpose is really enough. This is a fascinating discussion on what might be at the heart of economics for those committed to a worldview-understanding of human action.
To Be Human - Part Ten: A Divine Partnership. Today we cover a range of topics, including the use of titles in the church, the role of apostles, the responsibilities of pastors, and the implications of human action in the world. We look at the concept of image bearers and the divine partnership between God and humans. We challenge the idea that everything that happens is God's will and emphasizes the importance of agency, freedom, and the distinction between outcomes and fruit. We also explore the power dynamics of power over versus power with, and the need to change the course of the wind rather than react to it. The discussion touches on the implications of Genesis 1 and 2, the restoration of the image, and the concept of divine partnership in the context of salvation. 01:25 - The Role of Titles in the Church 13:00 - A Christian Therapist Vetting Questionnaire 20:33 - Human Action and Divine Partnership As always, we encourage and would love discussion as we pursue. Feel free to email in questions to hello@voxpodcast.com, and to engage the conversation on Facebook and Instagram. We're on YouTube (if you're into that kinda thing): VOXOLOGY TV. Learn more about the Voxology Podcast Subscribe on iTunes or Spotify Support the Voxology Podcast on Patreon The Voxology Spotify channel can be found here: Voxology Radio Follow us on Instagram: @voxologypodcast and "like" us on Facebook Follow Mike on Twitter: www.twitter.com/mikeerre Music in this episode by Timothy John Stafford Instagram & Twitter: @GoneTimothy
// GUEST // Youtube: https://www.youtube.com/@johnvervaekeX: https://x.com/vervaeke_johnWebsite: https://johnvervaeke.com/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/Anthony DiClementi's Biohacking Secrets (Text BREEDLOVE to 847-943-7221) Swan Bitcoin: https://www.swanbitcoin.com/breedlove22/// EVENTS I WILL BE ATTENDING // Bitcoin 2024: the World's Largest Bitcoin Conference (use discount code BREEDLOVE): https://b.tc/conferenceLibertarian National Convention: https://lnc2024.com/ Pacific Bitcoin 2024: https://www.pacificbitcoin.com/// PRODUCTS I ENDORSE // Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedlove// OUTLINE // 0:00 - WiM Intro 2:59 - Helping Lightning Startups with In Wolf's Clothing 3:46 - Introducing John Vervaeke 7:40 - Analytic vs Synthetic Truth 12:08 - Action Before Categorization 19:12 - Action Connects Mind and Reality 22:56 - Heart and Soil Supplements 23:56 - Anthony DiClementi's Biohacking Secrets 25:26 - The Definition of Human Action 32:54 - Relevance Realization 36:30 - The "One" 41:53 - The Role of Abstraction 47:06 - Love and Action 53:59 - Swan Bitcoin: Set up Instant and Recurring Bitcoin Buys 54:55 - Bitcoin 2024: The Largest Bitcoin and Fintech Conference in the World 56:02 - The Role of Metaphor 01:07:39 - Money as Metaphor 01:14:26 - What is the Sacred? 01:16:50 - Closing Thoughts// PODCAST // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101 // WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/ // SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://linktr.ee/robertbreedlove
Bob reviews his interviews with Dave Smith and then Simon Guenzl on whether libertarians should support Open Borders. Specifically, Bob focuses on the status of government-controlled property vis-a-vis libertarian theory.Mentioned in the Episode and Other Links of Interest:Bob's Human Action podcast interviews with Dave Smith (anti Open Borders) and Simon Guenzl (pro).Guenzl's paper (pdf) on the immigration debate.Sheldon Richman book reviews a "refreshing" take on immigration.BMS ep. 194 where Bob explains his vision of how a free society would handle immigration.The link to Monetary Metals.Help support the Bob Murphy Show.
// GUEST //Twitter: @LucasVousYouTube: https://www.youtube.com/@UCez1fzMRGct... // SPONSORS //In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyDissident Dialogues 2024 - (use discount code BREEDLOVE for 10% off) https://dissidentdialogues.org/Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/Anthony DiClementi's Biohacking Secrets (Text BREEDLOVE to 847-943-7221)Swan Bitcoin - https://www.swanbitcoin.com/breedlove22/Bitcoin 2024: the World's Largest Bitcoin Conference (use discount code BREEDLOVE): https://b.tc/conference // OUTLINE //00:00:00 - “What is money?” Intro00:01:33 - Helping Lightning Startups with In Wolf's Clothing00:02:22 - The beginning of the "What is money" show00:07:59 - Answering the question ; What is money?00:11:16 - Language and money00:16:30 - Run Your Business from Anywhere with NetSuite00:17:37 - Dissident Dialogues 202400:19:10 - Exploring abstract concepts of reality00:35:25 - Heart and Soil Supplements 00:36:25 - Anthony's Biohacking Secrets00:37:55 - The possibility of having a theory of everything00:53:57 - How does love fit into a realistic worldview01:03:57 - The inherent irrationality of reality01:09:07 - Swan Bitcoin : Set up instant and recurring Bitcoin buys01:10:40 - Bitcoin 2024 : The largest Bitcoin and Fintech conference in the world01:11:47 - Is reality fractal? //MENTIONED BOOKS//-Where Mathematics Comes From - George Lakoff & Rafael E. Nuñez-Metaphors We Live By - George Lakoff & Mark Johnson-Human Action - Ludwig von Mises-Economic Science and the Austrian Method - Hans Herman Hoppe -Zero, The Biography of a Dangerous Idea - Charles Seife-Heidegger, Neoplatonism, and the History of Being: Relation as Ontological Ground - Nathan Filler https://a.co/d/8gyV9N6 // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast...Spotify: https://open.spotify.com/show/25LPvm8...RSS Feed: https://feeds.simplecast.com/MLdpYXYI // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBree...Dollars via Venmo: https://account.venmo.com/u/Robert-Br...The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101 // WRITTEN WORK //Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/// SOCIAL //Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22