Podcast appearances and mentions of Jonathan Newman

Jonathan Newman joins Ryan McMaken to talk about the history behind the myth of "Fed independence." The Fed has never been politically independent of the US government, and it has enthusiastically helped fund the US government both in wartime and in peacetime. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Jonathan Newman joins Ryan McMaken to talk about the history behind the myth of "Fed independence." The Fed has never been politically independent of the US government, and it has enthusiastically helped fund the US government both in wartime and in peacetime. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Bob 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.

David Brady, Jr. reviews The Magic Coin by Dr. Jonathan Newman, a children‘s book that explains money in a way that even modern adults can understand.Original article: https://mises.org/mises-wire/magic-coin-and-renewing-interest-monetary-policy

David Brady, Jr. reviews The Magic Coin by Dr. Jonathan Newman, a children‘s book that explains money in a way that even modern adults can understand.Original article: https://mises.org/mises-wire/magic-coin-and-renewing-interest-monetary-policy

Most people never consider the hundreds of choices they make on a daily basis, but consider going through a day where there is nothing to from which to choose. Maybe you had to produce every little thing you consumed. Can you see how much more difficult and unproductive your life would be? Well, this is how it was for human beings for millennia. Economics and our understanding of free markets and the division of labor have revolutionized our way of life and we barely consider it. Today, we are going to spend just a little time considering the topic of economics.Human Action Podcast - Bob Murphy Interview of Jonathan Newman on Why Economicshttps://www.youtube.com/watch?v=sxAIOZNxnrUGemini Query on Economics and Libertyhttps://g.co/gemini/share/5a247c334906The Problem with Our Moneyhttps://youtu.be/nTe6vAMLkYw

Is the Federal Reserve truly independent? Jonathan Newman uncovers the myths behind the 1951 Treasury-Fed Accord, revealing the Fed's long history as a willing financier of America's wars and government spending.Recorded at the Mises Institute in Auburn, Alabama, on May 17, 2025.

Dr. Jonathan Newman returns to the Human Action Podcast to discuss the relaunch of the Mises Academy—including his new course based on Bob's Lessons for the Young Economist textbook. But this conversation goes much deeper than curriculum. Bob and Jonathan unpack the fundamental question: What is economics, really? They explore how Austrian economics differs from psychology, history, and the natural sciences, why economics is more about understanding than prediction, and how praxeology reveals the logical structure of human choice.The New Mises Academy: Mises.org/HAP498aBob's Lessons for the Young Economist Textbook: Mises.org/HAP498bBob's Lessons for the Young Economist Teacher's Manual: Mises.org/HAP498cThe 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

Dr. Jonathan Newman returns to the Human Action Podcast to discuss the relaunch of the Mises Academy—including his new course based on Bob's Lessons for the Young Economist textbook. But this conversation goes much deeper than curriculum. Bob and Jonathan unpack the fundamental question: What is economics, really? They explore how Austrian economics differs from psychology, history, and the natural sciences, why economics is more about understanding than prediction, and how praxeology reveals the logical structure of human choice.The New Mises Academy: Mises.org/HAP498aBob's Lessons for the Young Economist Textbook: Mises.org/HAP498bBob's Lessons for the Young Economist Teacher's Manual: Mises.org/HAP498cThe 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

In this episode, Bob breaks down the Triffin dilemma, explaining why it's wrong to assume that maintaining global reserve currency status requires ever-increasing U.S. trade deficits. He shows that America's chronic deficits are driven more by government spending and fiat money than by global necessity, making the case that returning to fiscal discipline and sound money—not tariffs—is the key to reversing America's economic decline.Bob and Jonathan Newman on Misleading Charts: Mises.org/HAP495aHow Economists Evaluate Tariffs Versus Income Taxes: Mises.org/HAP495bThe St. Louis Federal Reserve Article on Historical U.S. Trade Deficits: Mises.org/HAP495cThe Charts Referenced in this Episode: Mises.org/HAP495dSaez and Zucman, "The Rise of Income and Wealth Inequality in America": Mises.org/HAP495eTrump's Remarks on the US being a "Tariff-Backed Nation": Mises.org/HAP495fThe Tucker Carlson Show with Bob Lighthizer: Mises.org/HAP495gThe 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/HAPodFreeJoin the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25

In this episode, Bob breaks down the Triffin dilemma, explaining why it's wrong to assume that maintaining global reserve currency status requires ever-increasing U.S. trade deficits. He shows that America's chronic deficits are driven more by government spending and fiat money than by global necessity, making the case that returning to fiscal discipline and sound money—not tariffs—is the key to reversing America's economic decline.Bob and Jonathan Newman on Misleading Charts: Mises.org/HAP495aHow Economists Evaluate Tariffs Versus Income Taxes: Mises.org/HAP495bThe St. Louis Federal Reserve Article on Historical U.S. Trade Deficits: Mises.org/HAP495cThe Charts Referenced in this Episode: Mises.org/HAP495dSaez and Zucman, "The Rise of Income and Wealth Inequality in America": Mises.org/HAP495eTrump's Remarks on the US being a "Tariff-Backed Nation": Mises.org/HAP495fThe Tucker Carlson Show with Bob Lighthizer: Mises.org/HAP495gThe 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/HAPodFreeJoin the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25

Dr. Jonathan Newman, Mises Institute Mises.org, on the fear of stagflation—a toxic mix of soaring prices and a crumbling economy From government overspending to the Fed's reckless money-printing, Newman rips the veil off the real culprits behind our shaky economy.     And, how do we train the young on economics and critical thinking?  We look at Dr. Newman's books for children, “The Broken Window”, “Ludwig the Builder”, “What has the Government Done to Our Money?”, the last available for free at Mises.org/MyMoneyIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Trump's Medicine Madness: 5 Years Later History Rhymes     He shrugs, 'Take your medicine,' blaming 'stupid leaders' for jobs fleeing to Mexico and China. But wait—wasn't he the mastermind behind USMCA? It's flaming hypocrisy as his flip-flopping tariffs spark an 'earthquake' of hidden damage—broken markets, shattered foundations, and a $37 trillion debt he won't touch!       Meanwhile, The chaos & uncertainty are more damaging than his “medicinal” tariffs as he locks down the economy       Trump's ‘medicine', focused on countries not industries, are sanctions by another name—while the real enemy, government debt and control, lurks in the shadows Trump's China War: Both Sides Escalate Sanctions Called “Tariffs"       Sanctions are piling up faster than a house of cards—54% here, 104% there—Trump is poking the Chinese dragon       From rare earth mineral shut down to supply chain chaos, this isn't just a trade spat—it's a trade war that could lead to a hot war. CDC Lies About Thimerosal & Autism Exposed    Sheryl Atkinson exposes the government's thimerosal fraud — YES, they knew it was connected to autism and other neurodegenerative diseases and NO, they did NOT stop it in 2001.    Meanwhile, RFKj shows he's perfectly suited to manage this gang of criminals as he ditches his own crusade to peddle MMR and push measles fear in Texas. Robot Horses, Unicorns, Dogs — But Humanoids Population Boom is Here to Replace YouRevealed at a Japanese trade show, a jaw-dropping, hydrogen-powered robotic horse straight out of a sci-fi blockbuster, promising to gallop over mountains with its four-legged, rubber-footed fury. Kawasaki may be trolling us with vapor-bot that's 25 yrs in the future but Tesla and a Chinese company are in competition to each roll out an army of humanoid robots this year. Trump Meme Coin Tanks as Stablecoin Plot Threatens Your Privacy & Liberty     Trump's meme coin's a $9 dumpster fire—88% gone in a tariff-triggered nosedive!     Maxine Waters smells the stablecoin grift, but misses the surveillance state jackpot. UK's BlackRock-backed “SovCorp” and America's “GovCorp” Govt & Corporate fusion of power into a fascist nightmare. Trump, Trudeau, Starmer—all puppets in a globalist merger of government and corporations! Stagflation Storm Brewing: Will Trump's Tariff Trigger the Shaky House of Cards Government Has Built?Dr. Jonathan Newman, Mises Institute Mises.org, on the fear of stagflation—a toxic mix of soaring prices and a crumbling economy From government overspending to the Fed's reckless money-printing, Newman rips the veil off the real culprits behind our shaky economy. And, how do we train the young on economics and critical thinking?  We look at Dr. Newman's books for children, “The Broken Window”, “Ludwig the Builder”, “What has the Government Done to Our Money?”, the last available for free at Mises.org/MyMoneyIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Dr. Jonathan Newman, Mises Institute Mises.org, on the fear of stagflation—a toxic mix of soaring prices and a crumbling economy From government overspending to the Fed's reckless money-printing, Newman rips the veil off the real culprits behind our shaky economy.     And, how do we train the young on economics and critical thinking?  We look at Dr. Newman's books for children, “The Broken Window”, “Ludwig the Builder”, “What has the Government Done to Our Money?”, the last available for free at Mises.org/MyMoneyIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Trump's Medicine Madness: 5 Years Later History Rhymes     He shrugs, 'Take your medicine,' blaming 'stupid leaders' for jobs fleeing to Mexico and China. But wait—wasn't he the mastermind behind USMCA? It's flaming hypocrisy as his flip-flopping tariffs spark an 'earthquake' of hidden damage—broken markets, shattered foundations, and a $37 trillion debt he won't touch!       Meanwhile, The chaos & uncertainty are more damaging than his “medicinal” tariffs as he locks down the economy       Trump's ‘medicine', focused on countries not industries, are sanctions by another name—while the real enemy, government debt and control, lurks in the shadows Trump's China War: Both Sides Escalate Sanctions Called “Tariffs"       Sanctions are piling up faster than a house of cards—54% here, 104% there—Trump is poking the Chinese dragon       From rare earth mineral shut down to supply chain chaos, this isn't just a trade spat—it's a trade war that could lead to a hot war. CDC Lies About Thimerosal & Autism Exposed    Sheryl Atkinson exposes the government's thimerosal fraud — YES, they knew it was connected to autism and other neurodegenerative diseases and NO, they did NOT stop it in 2001.    Meanwhile, RFKj shows he's perfectly suited to manage this gang of criminals as he ditches his own crusade to peddle MMR and push measles fear in Texas. Robot Horses, Unicorns, Dogs — But Humanoids Population Boom is Here to Replace YouRevealed at a Japanese trade show, a jaw-dropping, hydrogen-powered robotic horse straight out of a sci-fi blockbuster, promising to gallop over mountains with its four-legged, rubber-footed fury. Kawasaki may be trolling us with vapor-bot that's 25 yrs in the future but Tesla and a Chinese company are in competition to each roll out an army of humanoid robots this year. Trump Meme Coin Tanks as Stablecoin Plot Threatens Your Privacy & Liberty     Trump's meme coin's a $9 dumpster fire—88% gone in a tariff-triggered nosedive!     Maxine Waters smells the stablecoin grift, but misses the surveillance state jackpot. UK's BlackRock-backed “SovCorp” and America's “GovCorp” Govt & Corporate fusion of power into a fascist nightmare. Trump, Trudeau, Starmer—all puppets in a globalist merger of government and corporations! Stagflation Storm Brewing: Will Trump's Tariff Trigger the Shaky House of Cards Government Has Built?Dr. Jonathan Newman, Mises Institute Mises.org, on the fear of stagflation—a toxic mix of soaring prices and a crumbling economy From government overspending to the Fed's reckless money-printing, Newman rips the veil off the real culprits behind our shaky economy. And, how do we train the young on economics and critical thinking?  We look at Dr. Newman's books for children, “The Broken Window”, “Ludwig the Builder”, “What has the Government Done to Our Money?”, the last available for free at Mises.org/MyMoneyIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Jonathan Newman joins Bob to discuss the debate between Austrians and MMTers on the origins of money. In the Anti-MMT panel at the Austrian Economics Research Conference (AERC), Jonathan presented his research on the archeological evidence that silver was used as money in ancient Mesopotamia and how the evidence vindicates Menger's theory on the origins of money. Jonathan and Bob walk through various MMT responses and make the case that the Austrian school is especially suited to critique Modern Monetary Theory.The Anti-MMT Panel from the 2025 AERC: Mises.org/HAP494aElon Musk and Ted Cruz Discussing "Magic Money Computers": Mises.org/HAP494bJonathan's Overwhelming Evidence that Silver was Money in Ancient Mesopotamia: Mises.org/HAP494cThe X Thread by Patricia Pino on the Measure of Value of Money: Mises.org/HAP494dBob's "Origin of the Specie" in The American Conservative: Mises.org/HAP494eR.A Radford's "The Economic Organization of a P.O.W. Camp": Mises.org/HAP494fThe 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/HAPodFreeJoin the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25

Jonathan Newman joins Bob to discuss the debate between Austrians and MMTers on the origins of money. In the Anti-MMT panel at the Austrian Economics Research Conference (AERC), Jonathan presented his research on the archeological evidence that silver was used as money in ancient Mesopotamia and how the evidence vindicates Menger's theory on the origins of money. Jonathan and Bob walk through various MMT responses and make the case that the Austrian school is especially suited to critique Modern Monetary Theory.The Anti-MMT Panel from the 2025 AERC: Mises.org/HAP494aElon Musk and Ted Cruz Discussing "Magic Money Computers": Mises.org/HAP494bJonathan's Overwhelming Evidence that Silver was Money in Ancient Mesopotamia: Mises.org/HAP494cThe X Thread by Patricia Pino on the Measure of Value of Money: Mises.org/HAP494dBob's "Origin of the Specie" in The American Conservative: Mises.org/HAP494eR.A Radford's "The Economic Organization of a P.O.W. Camp": Mises.org/HAP494fThe 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/HAPodFreeJoin the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25

Iowa Business Report Wednesday EditionApr. 02, 2025      Dr. Jonathan Newman of the Mises Institute on concerns raised by economists about stagflation in the U.S. this year.

Featuring Per Bylund, Lucas Engelhardt, Joshua Mawhorter, Jonathan Newman, Patrick Newman, and Joseph T. Salerno, this panel exposes flawed assumptions of Modern Monetary Theory (MMT), including the origins of money, government spending, job guarantees, entrepreneurship, and economic growth. The presenters critique MMT's reliance on state-driven monetary policy, its neglect of entrepreneurship and capital formation, and its unrealistic view of labor and job guarantees. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. For more information, visit https://Mises.org.

Ryan McMaken and economist Jonathan Newman look at the government's alleged $750 billion gold reserve, how it got there, and why it's time to privatize the gold. Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Ryan McMaken and economist Jonathan Newman look at the government's alleged $750 billion gold reserve, how it got there, and why it's time to privatize the gold. Register for our Revisionist History of War Conference now at https://mises.org/rhwBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

Guest Jonathan Newman, Fellow at the Mises Institute, joins to discuss latest tariff talks, stabilizing the economy, auditing Fort Knox, and going back to a gold standard? Discussion of DOGE and government cuts to move towards balancing budget. House of Representatives votes live during show to pass the flat spending CR bill through end of the year. How many Democrats are supporting the bill and can we get the support in the Senate? Discussion of Thomas Massie vs. Donald Trump and the push for spending cuts. 

The discussion focused on the transparency of gold reserves at Fort Knox and the implications of potential discrepancies in these holdings. Jonathan expressed concerns about the lack of audits, suggesting that any revelation of missing gold could lead to a significant public relations crisis for the government. Both he and Kerry emphasized the historical relationship between the U.S. dollar and gold, noting that the dollar is no longer redeemable in gold, which complicates the situation. They also addressed the broader issue of government control over money and banking, with Jonathan advocating for a market-driven approach to currency and expressing optimism about cryptocurrencies as a challenge to the U.S. dollar. The conversation further explored the evolution of the banking system, critiquing government intervention that has led to monopolization and manipulation of the money supply, resulting in inflation. Kerry and Jonathan highlighted the misconception that rising prices are solely due to external factors, arguing instead that they stem from increased money supply. They discussed the implications of inflation as a hidden tax that benefits banks and the government at the public's expense. Additionally, they touched on the Mises Institute's policy of rejecting government funding to maintain their anti-government stance and commitment to free market principles, with both encouraging further engagement with the institute's resources for economic education. Find Dr. Newman here: https://mises.org Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe

Dr. Jonathan Newman emphasizes the power of storytelling in teaching children economic principles, using classic narratives and engaging parables to introduce key concepts like opportunity cost, entrepreneurship, and monetary policy in an accessible way.Recorded in Tampa, Florida, on February 22, 2025.Special thanks to Liberty Villages and the Shrader family and Greg Roe for sponsoring this event.

Murphy recently squared off against Nathan Tankus in a ZeroHedge debate focusing on Austrian economics vs. Modern Monetary Theory (MMT). Jonathan Newman watched the debate and selected three clips highlighting key areas of dispute. Jonathan and Bob elaborate on the issues and anticipate possible MMT replies.Bob's ZeroHedge Debate with Nathan Tankus: Mises.org/HAP484aBob and Jonathan's Tag-Team Mises University Lecture on MMT: Mises.org/HAP484bBob's Quarterly Journal of Austrian Economics Paper on The Deficit Myth: Mises.org/HAP483cWilliam Hutt's The Theory of Idle Resources: Mises.org/HAP484dUse code Action25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: Mises.org/Tampa25The 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

Murphy recently squared off against Nathan Tankus in a ZeroHedge debate focusing on Austrian economics vs. Modern Monetary Theory (MMT). Jonathan Newman watched the debate and selected three clips highlighting key areas of dispute. Jonathan and Bob elaborate on the issues and anticipate possible MMT replies.Bob's ZeroHedge Debate with Nathan Tankus: Mises.org/HAP484aBob and Jonathan's Tag-Team Mises University Lecture on MMT: Mises.org/HAP484bBob's Quarterly Journal of Austrian Economics Paper on The Deficit Myth: Mises.org/HAP483cWilliam Hutt's The Theory of Idle Resources: Mises.org/HAP484dUse code Action25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: Mises.org/Tampa25The 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

A glimpse behind the scenes of our show-planning process. Jonathan Newman with the Mises Institute weighs in on DOGE and government spending.

Dr. Jonathan Newman is the Henry Hazlitt Research Fellow at the Mises Institute.   In this exclusive Schilling Show Unleashed Podcast, Newman discusses the successes and failures of Trumponomics, the problem with The Fed, and beneficial economic policies that Trump should pursue if reelected.

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

On October 23, 2024, Jonathan Newman appeared on Kerry Lutz's Financial Survival Network to discuss the Mises Institute's commitment to promoting Austrian economics and individual liberty, the historical role of government in monetary control, and the concept of competing currencies as alternatives to government-managed money.The original episode is available at FinancialSurvivalNetwork.com.

Kerry Lutz engaged with Dr. Jonathan Newman from the Mises Institute to discuss the organization's commitment to promoting Austrian economics and individual liberty. Jonathan articulated that the Mises Institute serves as an educational platform advocating for free market principles while critiquing government intervention in economic affairs. He emphasized that Austrian economics is rooted in the analysis of individual actions and market dynamics, which leads to a preference for minimal government involvement. The conversation also touched on the historical role of government in monetary control, with Jonathan referencing Mises' insights on currency devaluation and the shift towards fiat currencies, which has resulted in inflation and financial instability. Lutz introduced the concept of competing currencies, highlighting the emergence of cryptocurrencies like Bitcoin as alternatives to government-managed money. The discussion further explored the implications of fiat currency, drawing historical parallels to the Roman Empire and the consequences of debasing currency. Jonathan noted the U.S. government's departure from the gold standard in 1971, which has led to unchecked spending and an expansion of government size. They expressed concern over current U.S. monetary policy and its potential repercussions. The conversation also covered recent developments in Argentina under President Javier Milei, who has taken steps to reduce inflation and government spending. Find Jonathan here: mises.org Find Kerry here: FSN and here: inflation.cafe

On this episode of Radio Rothbard, Jonathan Newman joins Ryan McMaken and Tho Bishop to discuss the Mises Institute's new documentary, Playing With Fire: Money, Banking, and the Federal Reserve, and respond to some friendly critics about the continuing importance of Austrian Business Cycle Theory in the modern financial world."A Modest Proposal to End Fed Independence" by Joseph T. Salerno: https://mises.org/RR_210_A"Who Starts Business Cycles? Banks or the Fed?" by Jonathan Newman: https://mises.org/RR_210_B"The Federal Reserve and the Regime Are One and the Same" by Ryan McMaken: https://mises.org/RR_210_C"Playing With Fire – a Very Disappointing and Factually Incorrect Mises Article on Money" by Mike Shedlock: https://mises.org/RR_210_D"The Role of Shadow Banking in the Business Cycle" by Arkadiusz Sieroń: https://mises.org/RR_210_EAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

On this episode of Radio Rothbard, Jonathan Newman joins Ryan McMaken and Tho Bishop to discuss the Mises Institute's new documentary, Playing With Fire: Money, Banking, and the Federal Reserve, and respond to some friendly critics about the continuing importance of Austrian Business Cycle Theory in the modern financial world."A Modest Proposal to End Fed Independence" by Joseph T. Salerno: https://mises.org/RR_210_A"Who Starts Business Cycles? Banks or the Fed?" by Jonathan Newman: https://mises.org/RR_210_B"The Federal Reserve and the Regime Are One and the Same" by Ryan McMaken: https://mises.org/RR_210_C"Playing With Fire – a Very Disappointing and Factually Incorrect Mises Article on Money" by Mike Shedlock: https://mises.org/RR_210_D"The Role of Shadow Banking in the Business Cycle" by Arkadiusz Sieroń: https://mises.org/RR_210_EAnatomy of the State by Murray Rothbard: https://mises.org/AnatomyGet free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREEBe sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

On October 17, 2024, Jonathan Newman appeared on Wake-Up Call with Bill Lundun to discuss Austrian economics, Donald Trump, and mainstream economists.The original episode is available at News Radio 1120 KPNW.Bill Lundun (BL): News Radio 1120 KPNW, thanks for being with us this morning. We have like two different things that we keep hearing when it comes to this particular election period. And it is that Americans overall trust Trump more on the economy. And that's we're talking about voters, whereas the so-called experts don't. Who to believe to discuss it this morning? It is Dr. Jonathan Newman. He is a fellow at the Mises Institute, which is a nonprofit that promotes the teaching and research in the Austrian School of Economics. And it's in the tradition of Ludwig von Mises and Murray Rothbard. And welcome to the show. We appreciate you being here with us. Thank you, Jonathan.Jonathan Newman (JN): Hey, thanks for having me.BL: Yeah. Talk a little bit about Ludwig von Mises and kind of what he stood for in his branch of, if you will, economic research.JN: Sure, Ludwig von Mises is sort of the godfather of Austrian economics, which is a school of economic thought that's very free market. We don't do a lot of mathematical modeling. We consider the individual as having subjective value, and through people's subjective values, they interact in markets, creating market prices, and those market prices are fundamental for developing an economy, for understanding how resources should be allocated. We should be using the profit and loss test to determine how to most efficiently produce things. And so many of the conclusions of the Austrian school are very free market. And of course, Ludwig von Mises was one of the you know the main figures in Austrian economics. He started his career, obviously in Austria, that's why the name of the school's called Austrian economics. But he had to flee the Nazis. So he was he was under pressure from the Nazis, because he was saying things that were critical of government. Obviously he had to flee that area, and he came over to the United States in New York. And had a very famous seminar where many American economists and others were listening to him, and he sort of sparked the Austrian movement in the United States. And so it's grown and flourished since then, and we have the Mises Institute in Auburn, Alabama, that champions his ideas, champions Austrian economics, and is trying to educate everybody about the best way to think about the economy, the best way to analyze policy proposals from politicians and bureaucrats, and promote free markets along the way.BL: If he were to see the markets today and the way that things are, if you will, manipulated in a number of ways, the way the government policy attempts to manipulate things, what would be his takeaway, do you think?JN: I think Mises would be most disturbed by the fiat money system that we have in place today. So in the United States, we have the Federal Reserve, which is our central bank. They are the ones who are controlling the supply of money. They're manipulating interest rates. And Mises would pin the blame on this monetary policy by the Federal Reserve for creating booms and busts, for creating these artificial booms where employment goes up, stock prices go up, everything seems to be going well, and then all of a sudden it crashes. And so one of the crown jewels of Austrian economics is Austrian business cycle theory, which explains how it's actually government manipulation in credit markets that causes these booms and busts, that causes the business cycle. So he would definitely not like that, but he also, just in terms of the general effects of inflation, he would say that the fact that savings rates are way down, nobody's really saving for the future, is because people's money is losing value. And so it doesn't really make any sense to save money for retirement if that money is going to be losing its purchasing power over time. And so that forces people to save for retirement, for example, by investing in the volatile stock markets. So he would obviously, he would disagree with the monetary policy, he would disagree with the size and scope of government as it exists today, and he would champion a more free market approach, where markets are the ones that are and regulating themselves, where consumers are the ones that are deciding which companies are producing things that we like, and use the profit and loss test of the market to rationally and efficiently allocate factors of production, so that we have a growing progressing economy.BL: Alright. To the very basic question. In polling, there's been a lot of polling in regards to this, and that Americans actually trust Trump on the economy, and yet we have these experts, call them so-called or call them actual experts, that don't and the question is so who to believeJN: Well, I definitely wouldn't put much faith in the so-called experts. The so-called experts have been wrong about so many things in the past. And so I think that the reason why people think that Trump and the Republican Party represents more of a... would represent a turn towards a stronger economy is because they're really the only ones that are talking about decreasing, or at least limiting, the increases in the size and scope of government. So if you look at the rhetoric and the proposals from Democrats, there's this problem in the United States and we can solve it with more government intervention and more government spending. There's this other problem that we can solve with more government intervention and more government spending. And yet only on the Trump side, you have at least some rhetoric about how we need more efficiency in government, we need to decrease the size and scope of government. And so people realize that a lot of the problems that the Democrats are pointing out are ones that are caused or exacerbated by government spending and government intervention. And so it makes sense that Americans are sort of doubtful that the Democrats have any sort of a good plan regarding a stronger economy.BL: What about the criticism that has been made because, you know, Trump has once again talked about tariffs, in particular regarding China, and a lot of the, as we've talked about them, the experts are like, "Oh my God, it's going to do these horrible things to the economy. It's going to cause prices to spike again." What's your take on that?JN: I think it's a valid criticism. I think it's good to be distrustful of tariffs because, I mean, in the end a tariff is a tax. And so I'm not going to be the one that says, you know, everything that Trump has ever proposed is a free market and it's going to be good for the economy. But, of course, what Trump is seeing and what the people in the Republican party are seeing is, you know, hollowed out manufacturing in the United States. They see, you know, loss of jobs. So they see these sorts of the things happening, and so they think the tariffs would be a good way to address it. I think that economic theory going all the way back to the 1700s, I mean, you can go back to Richard Cantillon, to Adam Smith, to those guys. And I think that they very compellingly showed that tariffs and protectionism is not a good way to address those sorts of problems. But, in terms of the grand scheme of things, if we're arguing over should we have, you know, this tariff rate versus that marginally different tariff rate, then that's sort of a side issue. Really, the main thing that I think people are focused on is inflation. It's all of the regulations that are imposed on the economy by the government. It's those sorts of things. So, yes, I do have some quibbles with the with the tariff idea, but I still think that it makes sense that Americans are trusting the Trump side and really the distrust of the establishment and the distrust of the so-called experts.BL: Right. You know, one of the things that you hear from the public individuals is, you know, "I just want to see prices come down," and you look at it and I don't remember any time that prices, maybe a little bit here and there, where once you have a period of inflation, with maybe the exception of gas prices, where prices fall and come down. Unless we're talking about a major case of deflation, which is a whole other you know a whole a whole other can of worms that can be actually worse than inflation. Talk a little bit about that whole idea of prices coming down.JN: I think people are worried about deflation for the wrong reasons. And I think the reason that they're worried about is because they associate it with what happened during the Great Depression, where we had a huge increase in unemployment, where output shrank, and we also had price deflation happening at the same time. And so people sort of associate those things. They think deflation is associated with recessions. But it's worth pointing out that there are quite a few things that could result in deflation. And one of the healthiest periods of, you know, economic growth in the United States happened when we were under a gold standard, where output was increasing but the money supply was not increasing by the same amount. And so we had, you know, steady deflation. And we didn't have – it was a long-term steady deflation that promoted savings that allowed – made it easy – for businesses and for consumers and households to make decisions over the long term. It made it easy for people to save with money as opposed to investing in the stock market. And so if your money is gaining value over time, then you can imagine how that would totally restructure the way that the whole economy is allocating resources. So, if money is gaining value over time, then people have an incentive to save. If people are saving, then we have more capital accumulation. If we have more capital accumulation, then our economy can grow in a sustainable sort of way as opposed to the booms and busts that we have now. So, I think the fear of deflation, or deflation-phobia as some people call it, is just based on that one episode in economic history in the United States where I think we should be more comfortable with the idea of our money gaining purchasing power over time, and it could be a very healthy sort of thing.BL: How is that going to happen though? Because you mentioned and you started off by qualifying it with, "While we were under the gold standard." It's a completely different valuation of the way that the dollar is factored right now. Can that could that happen again on a federal reserve system like we have?JN: Oh, absolutely not. Going back to that sort of system of sound money, and I'm not saying that it has to be a gold standard, but going back to a system where, you know, government is not intervening in money and banking, would require a huge shift. It would require a shift in people's thinking and the way that they vote. It would have to require, you know, ending the Federal Reserve, or at least severely limiting its power. And so you're absolutely right that, you know, going back to a system like that, it would require a big change. But the really the first thing that people think about when somebody proposes ending the Federal Reserve or auditing the Federal Reserve or limiting its power is, they think, "Well, what about deflation?" or "What about booms and busts?" And really what Austrian economists are saying is that, if we did get rid of the Fed, then we would actually have a smoother economic growth. We would have stable deflation where people's money is growing in purchasing power. We wouldn't have all the booms and busts, because Austrian economists point out that it's manipulated interest rates that result in those artificial booms and the painful busts that follow. So, you're absolutely right. It would require a big shift. If people are interested in how we would actually reach that stage where we could go back to sound money as opposed to political money, fiat money, then I recommend that listeners check out the writings by Murray Rothbard. If they go to Mises.org/MyMoney, then they'll receive a free reading from Rothbard, a PDF, where they can get it mailed to them. And so there's great plans offered by Rothbard, a great Austrian economist, that would explain how we get there.BL: All right. Appreciate you joining us on the Wake Up Call. Dr. Jonathan Newman here on KPNW. Thanks again.JN: Thanks for having me.

On October 18, 2024, Jonathan Newman appeared on The Lakey Effect with Jimmy Lakey to discuss whether or not voters should trust Trump on the economy. Or, should voters trust the experts who say that Donald Trump is going to ruin the economy?The original episode is available at The Lakey Effect (Newstalk 600 KCOL) on iHeartRadio.com.

On October 21, 2024, Jonathan Newman appeared on WILKOW! with Andrew Wilkow to discuss Donald Trump, mainstream economists, and the state of US economy.The original episode is available at SalemNewsChannel.com.

Morning news, incredible statement from John Kerry, obviously hates you for your freedoms, later Dr. Jonathan Newman is a Fellow at the Mises Institute and is battling to get TRUE common sense economics back in education and we talk why!

War, what is it good for??? Stealing BILLIONS!! PLUS, Dr. Jonathan Newman, Research fellow at the Mises Institute, tells Shaun how Mises is reigniting the passion for economics with their new economics homeschool curriculum lectures and videos. Check them out here!   And Shaun talks to Kate Monroe, CEO of Vetcomms and founder of Border Vets, about the wide open border, her lobbying efforts for veteran's rights in DC, and if it's time to start thinking about secession.See omnystudio.com/listener for privacy information.

Dr. Jonathan Newman, Research fellow at the Mises Institute, tells Shaun how Mises is reigniting the passion for economics with their new economics homeschool curriculum lectures and videos. Check them out here!See omnystudio.com/listener for privacy information.

Ryan, Tho, and Jonathan Newman look at how the state and the media treat homeschooling and why parents are increasingly looking to homeschooling as an alternative. "Taking Back Economics Education" by Thomas DiLorenzo: https://Mises.org/RR_205_AGet free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off

Ryan, Tho, and Jonathan Newman look at how the state and the media treat homeschooling and why parents are increasingly looking to homeschooling as an alternative. "Taking Back Economics Education" by Thomas DiLorenzo: https://Mises.org/RR_205_AGet free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off

WELCOME TO EPISODE 13 OF THE GOLDEN GIRLS DEEP DIVE PODCAST! Starting from the beginning of the show, each week we recap an episode of The Golden Girls and we end each episode with a fully researched deep dive into something from the Golden Girls universe! Rose has a new love interest and his name is Dr. Jonathan Newman. She's been out with him six times in the last three weeks and Blanche and Dorothy are dying to meet him. Shenanigans ensue when Blanche invites Dr. Newman to the house for dinner without asking Rose if it's okay. When Dr. Newman arrives, he's… not exactly what Blanche and Dorothy were expecting. For this week's deep dive Patrick is telling us all about the groundbreaking play Torch Song Trilogy by Harvey Fierstein. He goes deep on the surprising story of how the show came to be, how it was a major cultural force in changing the perception of gay people, and how the casting of Estelle Getty led to her landing the role of Sophia Petrillo on The Golden Girls. Our episodes are researched by Jess McKillop, Patrick Hinds, and Jennifer Simard. Visit our website for a full list of sources. Follow us on Instagram and TikTok at @GoldenGirlsDeepDive To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Dr. Jonathan Newman joins Bob to analyze Kamala Harris's proposals against price gouging, and how some mainstream economists defend Government price controls. They also address misconceptions about price gouging and the evolving mainstream narrative on inflation.Bob's Article on Harris's Anti-Price Gouging Proposals: Mises.org/HAP463aThe Boston Globe Article Supporting Harris's Proposal: Mises.org/HAP463bFor the week only, get a FREE copy of Dr. Per Bylund's How to Think About the Economy: Mises.org/HAPodFree

Dr. Jonathan Newman joins Bob to analyze Kamala Harris's proposals against price gouging, and how some mainstream economists defend Government price controls. They also address misconceptions about price gouging and the evolving mainstream narrative on inflation.Bob's Article on Harris's Anti-Price Gouging Proposals: Mises.org/HAP463aThe Boston Globe Article Supporting Harris's Proposal: Mises.org/HAP463bFor the week only, get a FREE copy of Dr. Per Bylund's How to Think About the Economy: Mises.org/HAPodFree

Ryan McMaken and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen. “Krugman: Harris Hasn't Proposed Price Controls and It's Good That She Did” by Jonathan Newman: https://Mises.org/RR_200_A“Kamala Wants Price Controls, and It's Not Because She Has 'Good Intentions'” by Ryan McMaken: https://Mises.org/RR_200_BGet free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off

Ryan McMaken and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen. “Krugman: Harris Hasn't Proposed Price Controls and It's Good That She Did” by Jonathan Newman: https://Mises.org/RR_200_A“Kamala Wants Price Controls, and It's Not Because She Has 'Good Intentions'” by Ryan McMaken: https://Mises.org/RR_200_BGet free copies of How to Think About the Economy at https://Mises.org/RothPodFREEGet your ticket to Elections and the Economy: Do They Really Matter? in Fort Myers, Florida: https://Mises.org/MyersRegistration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://Mises.org/SS24Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMugPROMO CODE: RothPod for 20% off

Are wealthy people getting wealthier because they work harder? Dr. Jonathan Newman is back on the show to discuss Robert Reich's latest videos about debunking economic myths.Robert Reich incorrectly blames the free market when businesses act on incentives provided by the government. He condenses this information into short, impactful videos for his audience. However, most of what Reich talks about isn't really economics. And when he does discuss economics, he relies on flawed assumptions that have been meticulously refuted over the past century. Bob and Dr. Newman dissect the misconceptions and provide some insights.Robert Reich's "Debunking Economic Myths" Episode 3: Mises.org/HAP455aRobert Reich's "Debunking Economic Myths" Episode 4: Mises.org/HAP455bDr. Newman's Post on Reich's Episode 5: Mises.org/HAP455cJoin us in October for a weekend of celebration at the 2024 Mises Institute Supporters Summit in Hilton Head, South Carolina. Registration is open for Mises Members at Mises.org/SS24The 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

In a new YouTube series, former US Secretary of Labor Robert Reich promises to explode ten "economic myths." Jonathan Newman joins Bob to respond to the first two episodes in the series, regarding whether economics is an objective science, and whether government intervention interferes with a free market.Robert Reich's 'Debunking Economic Myths' Series: Mises.org/HAP452aThe 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

UFC fighter Renato "Money" Moicano recently told a national audience that if they want to save their country they should read Ludwig von Mises and the "six lessons" of the Austrian School. Jonathan Newman joins us to discuss those lessons. Sponsor: Tom's Practical Liberty Un-Conference has no theory, only practical ideas for thriving under a hostile regime. Plus top-notch entertainment! See you there: Article Discussed: