Podcasts about keynes

Hayek's Warning We Ignored: Government Planning Doesn't Fix Economies Watch this video at- https://youtu.be/WxW7JRc414Y?si=KYnuRHH_Fst8VMHU John Stossel  and misesmedia 401,851 views Mar 24, 2026 Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. _ _ _ _ _ _ To make sure you receive weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscrib... _ _ _ _ _ _ Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail. But today, socialism is popular again. New York and Seattle have elected socialist mayors. Many politicians still believe that government can manage the economy—an idea popularized by economist John Maynard Keynes. Keynes was revered. Politicians love his arguments. But Hayek and Mises warned that government intervention leads to inflation, instability, and boom-bust cycles. They were right. Ryan McMaken of the Mises Institute ‪@misesmedia explains why we should read Hayek and Mises today.   Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle! Watch this video at- https://youtu.be/d0nERTFo-Sk?si=ro3Ri4lyv4l8yqir Radical Discourse 8,838,188 views Jan 23, 2010 Subscribe to our channel:    / econstories   If you enjoyed this video, you should watch this one next:    • EconPop - The Economics of RoboCop   Produced by Emergent Order. Visit us at http://www.emergentorder.com. Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts. Explore more at http://EconStories.tv In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it. DOWNLOAD THE SONG in the highest quality possible here: https://itunes.apple.com/us/album/fea... Plus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site: http://www.billyandadam.com Music was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs.

Mark Thornton replays his Rothbard University lecture on government spending and taxation, using Rothbard's framework of binary intervention to overturn the standard civics-story that taxes are “the cost” of government and spending is “the benefit.” Mark argues both are economically destructive and distortionary, and that treating them as neutral is a category mistake. Drawing on John C. Calhoun's class analysis, he distinguishes net taxpayers from net tax-consumers, explaining how political finance systematically transfers wealth, reshapes production, and undermines saving, family formation, and long-run growth. The lecture closes with a vivid “wagon” analogy: as more people move from pulling to riding, the whole economy slows and eventually stalls.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

La IA dejó de ser un debate ético. Es una jugada de poder geopolítico. Mientras Europa redacta reglamentos, EEUU construye la infraestructura, los chips, los modelos y los estándares. Y quien construye primero, escribe las reglas que el resto firmamos sin haber estado en la sala. En este episodio hago una lectura inversa de lo que casi nadie interpretó bien: viajamos a Bretton Woods, al duelo entre Keynes y Harry Dexter White, al «privilegio exorbitante» del dólar… y terminamos donde más incomoda: el espejo europeo.

Trump is trapped in a genuinely difficult situation as he tries to reach a deal with Iran. But it is a crisis of his own making. Also, the establishment figures now condemning him should not be allowed to pretend they had nothing to do with it.Read the article here: https://mises.org/mises-wire/trumps-iran-predicament-his-own-fault2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB

Although it's true that many government-driven price hikes in recent years aren't “inflation” in the strict sense, the pain they cause is just as real. Warsh's push to narrow what the Fed counts as inflation—so it can justify even more inflation—is alarming.Read the article here: https://mises.org/mises-wire/warshs-concerning-interest-redefining-inflation2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB

Politicians say they can “fix” the economy.But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems.Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail.But today, socialism is popular again. New York and Seattle have elected socialist mayors.Many politicians still believe that government can manage the economy—an idea popularized by economist John Maynard Keynes.Keynes was revered. Politicians love his arguments.But Hayek and Mises warned that government intervention leads to inflation, instability, and boom-bust cycles.They were right.In this podcast, Ryan McMaken of the Mises Institute explains why we should read Hayek and Mises today.

Il pianeta è finito. Le risorse sono limitate. L'energia non si crea dal nulla. Tutto vero. Ma da qui possiamo davvero concludere che anche la crescita economica debba essere finita? Oppure stiamo confondendo due cose diverse: la crescita materiale, cioè consumare sempre più risorse, e la crescita del valore, cioè produrre meglio, innovare, usare meno input per ottenere più benessere? E soprattutto: è vero che l'economia rifiuta l'idea di un mondo finito? O, al contrario, nasce proprio dal problema della scarsità? ### ❤️ *Sostieni il progetto*

In this episode, journalist Hannah Lucinda Smith speaks with economists Soumaya Keynes and Chad Bown about our new era of global trade wars. Drawing on their new book How to Win a Trade War, Keynes and Bown shed light on the historical roots of our modern trade infrastructure and how tariffs, export controls and supply chain battles are drastically reshaping the global economy. The conversation examines the increasingly fraught economic relationship between the US and China, the growing use of economic coercion, and what the future holds for the world stage as countries increasingly treat trade as a strategic weapon rather than a cooperative system. Soumaya Keynes is an economist and journalist. She is the co-author of How to Win a Trade War and host of the podcast The Economics Show. Chad Bown is an economist specialising in international trade and economic policy. He served as chief economist at the U.S. Department of State in the Biden administration from January 2024 to January 2025. He is the co-author of How to Win a Trade War. Hannah Lucinda Smith is a journalist and foreign correspondent reporting on global politics and international affairs. --- If you'd like to become a Member and get access to all our full conversations, plus all of our Members-only content, just visit intelligencesquared.com/membership to find out more. For £4.99 per month you'll also receive: - Full-length and ad-free Intelligence Squared episodes, wherever you get your podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series - 15% discount on livestreams and in-person tickets for all Intelligence Squared events  ...  Or Subscribe on Apple for £4.99: - Full-length and ad-free Intelligence Squared podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series … Already a subscriber? Thank you for supporting our mission to foster honest debate and compelling conversations! Visit intelligencesquared.com to explore all your benefits including ad-free podcasts, exclusive bonus content and early access. … Subscribe to our newsletter here to hear about our latest events, discounts and much more. https://www.intelligencesquared.com/newsletter-signup/ Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

“The rules-based system just hasn't worked. China's system is so opaque that you can't see the subsidies. And when you've got China not interested in new rules and the US not interested in a referee, you've got two of the world's biggest actors who aren't on board.” — Soumaya Keynes It would have been nice to get John Maynard Keynes on the show to get his critique of Trump's trade war. But in the long run, we're all dead — even old Maynard. So instead, we found his great-great-niece, Soumaya Keynes — Financial Times columnist and co-author of How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy. Having already appeared on Jon Stewart this week, Soumaya has a bit of Keynesian star quality about her. But she's also a first-rate economist. Her thesis is that the old rules-based trading system that her great-great-uncle helped design after World War II is gone. And it ain't coming back. China's subsidies are so opaque that rules can't be written to constrain them, let alone enforced. The US is no longer willing to submit to a referee. Without the two biggest players, no rules-based system is meaningful. So — now what? Keynes says we must think like a trade warrior. Donald Trump should leverage the tools available — but use them strategically. Trump's error in his second term was not being tough on China while being too tough on everyone else, especially allies like Canada and Mexico. Soumaya Keynes' most contemporary idea might be her most Keynesian one. John Maynard Keynes proposed penalties for countries running large trade surpluses as well as those running deficits — recognising that global imbalances are a two-sided problem. That idea didn't make it into the 1944 Bretton Woods agreement. Eighty years later, in equally anxious economic times, his optimistic great-great-niece is reviving it. Five Takeaways •       Can Trade Wars Be Won? Yes, Sometimes: The conventional wisdom: no one wins a trade war. Keynes and Bown agree — in theory. In practice, countries in a weaker position cave. History has examples: France in the late nineteenth century told its trading partners they were renegotiating treaties, and the smaller partners complied. Trump's tariffs in his first term produced concessions. The problem is not that trade wars can't be won. It's that the smaller power's only defence — coordinating with other smaller powers — is extremely hard to sustain. There's always an incentive to cut a deal first. •       China Is the Doper on the Sports Field: Keynes's sharpest analogy: the global trading system is like a sports game that needs rules to ensure a level playing field. China's subsidies — cheap credit, corporate handouts, opaque support for state-linked companies — are the equivalent of performance-enhancing drugs. The problem is that unlike doping in sport, China's subsidies are invisible. You can write a rule saying China won't give these handouts. But you can't verify compliance. And without enforcement, rules are meaningless. The WTO has not solved this. Nothing has solved this. •       Trump Was Right About China, Wrong About Everything Else: Keynes is careful here. She credits Robert Lighthizer in Trump's first term with identifying China as the real problem and building a focused strategy. In the second term, Trump put tariffs on everyone simultaneously — which dissipated leverage, alienated the coalition of allies needed to pressure Beijing, and mixed up the problem of China's subsidies with grievances against Canada, Mexico, and the EU. If you were genuinely tough on China, you wouldn't have put tariffs on everyone. You would have been more targeted. •       The Rules-Based System Is Gone and Isn't Coming Back: Why can't we return to the system Keynes's great-great-uncle helped build? Two reasons. China's subsidies are too opaque to write enforceable rules against. And the US has lost confidence in any international referee — a long and complex story, but the result is that America won't submit to neutral adjudication. Without the two biggest players, no rules-based system is meaningful. Yearning for the old approach is not an option. A new strategy is needed — and that's what the book is about. •       AI and the Next Trade War: Services: AI is central to the US-China conflict already — chip restrictions, military advantage, economic supremacy. But Keynes's less-noticed observation: AI could fundamentally reshape international services trade. The UK, for example, is a massive services exporter — finance, legal, consulting, accounting. If AI eliminates demand for those services, the UK faces a new current account crisis, new trade tensions, a new wave of economic conflict. Nobody knows how this plays out. Which is why, she suggests, the tools in the book will remain relevant for longer than the current tariff cycle. About the Guests Soumaya Keynes is an economics columnist at the Financial Times and host of The Economics Show with Soumaya Keynes. Before joining the FT she spent eight years at The Economist. She co-founded the Trade Talks podcast with Chad Bown during Trump's first term. Chad P. Bown is the Reginald Jones Senior Fellow at the Peterson Institute for International Economics and former Chief Economist at the US State Department under President Biden. Together they are the authors of How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy (Simon & Schuster, May 26, 2026). References: •       How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy by Soumaya Keynes and Chad P. Bown (Simon & Schuster, May 26, 2026). •       Soumaya Keynes on The Daily Show with Jon Stewart, May 19, 2026 — referenced in the interview. •       Episode 2892: Jason Pack on the Iran war — the companion episode on America's strategic distractions from the China problem. About Keen On America Nobody asks more awkward questions than the Anglo-American writer and filmmaker Andrew Keen. In Keen On America, Andrew brings his pointed Transatlantic wit to making sense of the United States — hosting daily interviews about the history and future of this now venerable Republic. With nearly 2,900 episodes since the show launched on TechCrunch in 2010, Keen On America is the most prolific intellectual interview show in the history of podcasting. WebsiteSubstackYouT...

In Folge 217 des Dachthekenduetts hetzen Michael Werner und Sascha Koll über Schulpflicht, Privatisierung, Steuern, Klimapolitik, den Adenauer-Bus, Catcalling, Deepfakes und Medienblasen.Michael Werner auf X:https://x.com/DStahlfederMichael Werner bei freiheitsfunken.infohttps://freiheitsfunken.info/autor/michael-werner/Sascha Koll auf X:https://x.com/Unbasiert00:00:00 Intro00:02:06 Begrüßung und Höcke-Interview00:04:18 Feiertage, Schulpflicht und historische Seitenhiebe00:05:08 AfD, Schulpflicht und „unsere Demokratie“00:06:55 Schulzwang, Indoktrination und Talente00:10:35 Rahmenlehrpläne und linke Lehrer00:13:53 YouTube-Bildung, Privatschulen und Autodidakten00:16:11 Telekom-Privatisierung als Bildungsargument00:19:43 AfD greift Schulpflicht auf00:21:44 Steuern, Profitgier und Staatsversagen00:24:58 Gratis-Supermärkte und Aldi-Wohnungen00:27:57 Adenauer-Bus und Alice-Weidel-Aktion00:31:27 Rechte Gewalt und Mediennarrative00:33:32 Grüne, Umweltschutz und Reichsvergleiche00:34:58 Demokratie leben, Lisa Paus und Strafverfahren00:37:38 Friedrich Merz, DGB und BlueSky00:40:35 Bildung, Handwerk und Genderstudien00:44:04 Gendern, Selbstbestimmung und Frauenknast00:46:21 IPCC, Schulbücher und Klimagrafiken00:47:24 Hayek, Keynes und der Euro00:49:17 Kirche, Klima und Queerpolitik00:52:46 IPCC-Szenarien und Klimamodelle00:58:17 Treibhauseffekt, CO2 und Klimapolitik01:02:42 Medienblasen und politische Scheinwelten01:05:45 Catcalling-Verbot in Köln01:12:45 Deepfakes, Fernandes und HateAid01:16:12 Deepfake-Gesetze und Meme-Verbot01:20:08 Scheinrealität, Angst und Medienkonsum01:24:08 Hantavirus, Ansteckung und Leugnung01:26:18 Rückblick und EF-Konferenz01:28:49 Vatertagsgruß und OutroMöchten Sie unsere Arbeit unterstützen?––––––––––––––––––––––––––––––––––––––––––––––––Spenden Sie Werkzeuge für die libertäre GlücksschmiedePayPal (auch Kreditkarte) / Überweisung / Bitcoin / Monero:

Javier Milei et sa tronçonneuse veulent faire de l'Argentine le pays le plus libre du monde.Si vous pensez désastre, vous êtes keynésien. Si vous pensez thérapie de choc, vous êtes monétariste.Si vous pensez qu'il ne va pas assez loin, vous êtes libertarien.***

“The current crisis was far from inevitable. Politicians made consistently bad choices. In doing so, they fostered a crisis of confidence in political institutions, empowered anti-system candidates, and produced a new Cold War as dangerous as the last.” — Ian Shapiro The fall of the Berlin Wall in November 1989 was a moment of extraordinary euphoria. Fukuyama even described it as the end of history. But what seems to have really fallen in November '89 was the vitality of democracy. Almost forty years later, we have Donald Trump, Marine Le Pen, and, perhaps most worrying of all, Keir Starmer. Callous and inept politicians are breaking our democratic world. Our job is to put it back together. That's the thesis of a new book by Ian Shapiro — Sterling Professor of Political Science at Yale. In After the Fall, Shapiro argues that it's politicians who have created today's crisis of democracy. His pivotal moment is 2008 rather than 1989. The global financial crisis was the inflection point — the moment at which the corruption of the neoliberal order became self-evident, when elites bailed out the banks and we see the birth of left and right wing illiberal populism. The roots go back before 2008. Clinton's greatest failure, Shapiro argues, was not NAFTA or welfare reform. It was Russia. Yeltsin wanted to join NATO. Even Putin, in his early years in power, acknowledged that Russia considered itself European. George Kennan, Brent Scowcroft and Richard Nixon warned that expanding NATO eastward would create a new enemy. Clinton ignored them all. So history repeated itself in the form of Versailles rather than the Marshall Plan. So how to raise ourselves up after this fall? What road to take? Maps, Shapiro suggests, aren't always helpful. The New Deal had no GPS algorithm. FDR invented it on the fly. What democratic governments need now, he insists, is massive investment in physical, technological, and labor market infrastructure. Charismatic leaders matter. But the ideas matter more. We need politicians who take risks. Otherwise we'll be saddled with Keir Starmer and our current crisis of extraordinary dysphoria. Five Takeaways •       2008, Not 1989, Was the Inflection Point: The fall of the Wall in 1989 produced euphoria. The real break came nineteen years later. The 2008 financial crisis exposed the neoliberal model, undermined the supremacy of the US-led world system, and — crucially — left behind a large population that would subsequently be mobilizable by political entrepreneurs. Elites bailed out the banks and returned to business as usual. They didn't realize that business as usual was over. From 2008 you can draw a straight line to 2016, to Brexit, to Trump, to every anti-system surge that followed. •       We Repeated the Mistake of Versailles: After World War II, the Marshall Plan invested in the defeated powers — Germany, Japan — and folded them into the new security and economic architecture. After World War I, Versailles punished Germany, and Keynes predicted the results. After the Cold War, the victorious West chose Versailles over Marshall. Yeltsin wanted to join NATO and the EU. Even early Putin said Russia considered itself European. Kennan, Scowcroft, Nixon all warned that expanding NATO eastward would create a new enemy. Clinton ignored them. We created the enemy we warned ourselves about. •       Politicians Broke the World — Not Capitalism, Not Culture: Shapiro's subtitle is precise. The crisis of democracy was not caused by inevitable economic forces or cultural shifts. It was caused by specific bad decisions by specific politicians at specific moments of choice. Clinton on NATO expansion. Bush on the Iraq War and the refusal to build a genuine rules-based international order after 9/11. Obama on the financial crisis response. These were decisions, not fates. They could have been made differently. Which means the current situation is not irreversible — and that future decisions can be made better. •       Starmer as Exhibit A: Having Power Without Ideas: Shapiro's prescription for what democratic governments need: a policy agenda. His cautionary tale: Keir Starmer. Starmer came into office with a massive parliamentary majority — he could have passed legislation that attracted 50 or 60 backbench no votes and still won. He had nothing to pass. Tiny step left, tiny step right, reverse, repeat. His comparison: Trump's main policies came out of Project 2025 — put together not by Trump himself but by people who created the ramp he ran on. Without a ramp, even a charismatic leader stumbles. Without ideas, power is squandered. •       The New Deal Had No Blueprint: FDR Made It Up: The lesson for what comes next. The New Deal — the last great democratic reconstruction — was not designed in advance. Roosevelt made it up as he went along, trying things, abandoning what didn't work, building a coalition of extraordinarily unlikely bedfellows. What democratic governments need now, Shapiro argues, is massive infrastructure investment: physical infrastructure, tech infrastructure, labor market infrastructure. The CHIPS Act model. Incentivize business to retrain the workforce for the tech revolution and the green transition. Chancellor Merz in Germany has just borrowed half a trillion euros for this. Without it, there will be another Trump. And another. And another. About the Guest Ian Shapiro is Sterling Professor of Political Science and Global Affairs at Yale University and a member of the Council on Foreign Relations. He is the author of After the Fall: From the End of History to the Crisis of Democracy — How Politicians Broke Our World (Basic Books, May 5, 2026), Uncommon Sense, The Wolf at the Door (with Michael Graetz), and many other books. He lives in New Haven, Connecticut. References: •       After the Fall: From the End of History to the Crisis of Democracy — How Politicians Broke Our World by Ian Shapiro (Basic Books, May 5, 2026). •       Episode 2881: Adrian Wooldridge on The Revolutionary Center — the companion episode on the crisis of liberalism that Shapiro's book diagnoses. •       Episode 2895: Glyn Morgan on The Rise and Fall of American Europe — the international dimension of Shapiro's argument about the post-Cold War missed opportunities. •       Episode 2880: Gal Beckerman on How to Be a Dissident — on the tradition of resistance that Shapiro's “roads not taken” argument implicitly invokes. About Keen On America Nobody asks more awkward questions than th...

Javier Milei afirmó en la charla en el Palacio Libertad: “Nunca en la historia argentina hubo tanta discrepancia entre los datos reales y lo que los medios quieren vender. Lo que pasa es que meterse con los empresarios corruptos, meterse con los medios de comunicación corruptos, meterse con los periodistas corruptos, meterse con todo el entramado de corrupción en Argentina, no es gratis”.El ministro de Desregulación, Federico Sturzenegger, sostuvo en la Expo EFI 2026: “La única manera de ser objetivos es viendo los datos. O sea, no irme por sensaciones, como una vez lo escuché decir al ministro Caputo, y me pareció bien, imagínense que todos los indicadores dieran mal. Y yo digo: «Ah, no, pero yo tengo un amigo que me dijo que le va bien». O sea, sería una locura hacer ese argumento. Pero a veces en Argentina nosotros sentimos que nos está pasando exactamente lo contrario, que los indicadores económicos en muchas dimensiones son buenos y que como que hay una sensación, que no. Entonces, repasemos lo que son esos indicadores económicos”.Luis Caputo señaló: “La realidad es que se han creado más de cien mil puestos de trabajo. ¿Sí? Se han creado más en el sector informal, pero la cantidad de empleos con respecto al 2023 ha subido. Y dicho sea de paso, porque esto es muy común, que nos hacen, eh, eh, a veces en el periodismo: «Bueno, el empleo no crece implícitamente». Pareciera como que están diciendo: «Antes crecía». No, bueno, el empleo no crece en Argentina desde el 2011”.Milei aseguró: “El problema es que en Argentina se cree que Keynes es esta mierda de la basura general, que para mí vendría a ser como la teoría general, o Keynes es a la economía lo que Maquiavelo a la política. Es decir, un siniestro donde básicamente… Keynes es el brazo ejecutor del cinismo y todo lo siniestro que es, digamos, Keynes y la teoría, la teoría general”.Axel Kicillof afirmó: “Yo creo que hay que tomar nota y, y finalmente que se comprendan que determinadas políticas que te vienen a prometer el paraíso con el libre mercado, con un Estado que no existe, generan mucho daño. Entre el daño que generan y lo que dejan de hacer, la verdad que es cada vez más difícil para nosotros llevar adelante las políticas de gobierno. Concreto, real o estudiado o no estudiado, o tenés laburo o no tenés laburo. Ese es el modelo de Milei, que está empobreciendo de una manera sistemática, cada vez peor, no solo a las familias, no solo a las empresas, eh, sino también a los gobiernos”.Noticias del miércoles 29 de abril por María O'Donnell y el equipo  de De Acá en Más por Urbana Play 104.3 FMSeguí a De Acá en Más en Instagram y XUrbana Play 104.3 FM. Somos la radio que ves.Suscribite a #Youtube. Seguí a la radio en Instagram y en XMandanos un whatsapp ➯ Acá¡Descargá nuestra #APP oficial! ➯  https://scnv.io/m8Gr 

On this episode of CFO at Home, Vince·s guest is Dr. Mark Teague, author of A Working Man·s Guide, a value-driven roadmap aimed at helping working-class families thrive in careers, relationships, and finances. Mark shares his background from Texas Panhandle farm life to a doctorate in agricultural economics and a 30-year banking and finance career. From there, the conversation shifts to a discussion of Mark·s ·bedrock principles·, and how a moral foundation and faith relate to financial outcomes, especially through marriage. For more, visit aworkingmansguide.com 02:02 Why Mark Wrote A Working Man's Guide 02:29 Farm Roots to Corporate 04:36 Cutting Through Noise 06:38 Endorsement and Preamble 09:22 Bedrock Principles Begin 09:48 Life Is Problems 11:28 Responsibility and Money 13:33 Working Class Defined 15:32 Wealth and Property Rights 19:06 Keynes and Socialism 22:07 Your Foundation North Star 24:31 Morals Marriage and Wealth 27:26 Faith Stats and Cohorts 29:41 Values Over Divorce 30:29 Marriage Money Math 31:41 Divorce And Bankruptcy Key Links A Working Man's Guide Mark Teague (@DrMarkLTeague) • Facebook, Connect with friends Mark Teague (@drmarklteague) • Instagram photos and videos Contact the Host - vince@thecfoathome.com Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500  

Dans cet épisode solo, je reviens sur une position que j'ai longtemps défendue, celle de tempérer face au catastrophisme ambiant sur l'IA, et j'explique pourquoi les preuves qui s'accumulent depuis quelques mois m'obligent à regarder les choses autrement. Pas pour rejoindre la panique, mais parce qu'une position qui ne s'interroge jamais devient une posture, pas une analyse.Dans cet épisode, nous parlons de la contradiction structurelle au cœur du capitalisme numérique : l'IA générative détruit les emplois cognitifs de niveau intermédiaire, précisément ceux qui constituent la base de consommation sur laquelle repose l'économie. J'ai questionné les travaux de Nick Dyer-Witheford, Karen Hao, Emad Mostaque et Anis Rahman sur ce que ça signifie concrètement, au-delà des chiffres de Goldman Sachs et des fuites internes d'Anthropic. Et parce que je déteste laisser les gens dans un état d'impuissance intellectuelle pire qu'avant la lecture, je finis sur des exemples concrets, locaux, qui montrent qu'une autre IA est possible même si les rapports de forces sont pour l'instant très déséquilibrés. Le tout pour vous redonner envie du futur bien sur :)CITATIONS MARQUANTES"Il y a un mot pour décrire un système qui détruit méthodiquement sa propre base de clients. Ce mot n'est pas 'innovation' mais 'suicide'.""C'est la boîte qui construit les outils qui sonne elle-même l'alarme sur leur impact. Ce n'est pas un philosophe marxiste.""Ils ont entraîné leurs propres remplaçants." (sur les travailleurs d'annotation de Nairobi, Manille, Lahore)"Regarde qui te chuchote à l'oreille chaque jour, et demande-toi de qui c'est l'intérêt." (Emad Mostaque)"Une position qui ne s'interroge jamais elle-même, c'est une posture, pas une analyse."IDÉES CENTRALES 1. Le contrat de Ford est rompu, par design Henry Ford payait ses ouvriers pour qu'ils puissent acheter ses voitures : le capital paie le travail, le travail consomme, la production nourrit le capital. L'IA générative rompt ce cercle en rendant le capital structurellement indépendant du travail humain. Ce n'est pas un bug du système, c'est une conséquence logique de sa propre optimisation poussée à l'extrême. C'est important parce que cela remet en cause le mécanisme de stabilisation automatique sur lequel les démocraties libérales se sont appuyées depuis Keynes.2. L'IA s'attaque précisément aux emplois qui étaient censés être la solution Contrairement aux révolutions industrielles précédentes qui frappaient d'abord les peu qualifiés, l'IA générative cible le travail cognitif intermédiaire : analyse, rédaction, code, diagnostic, comptabilité, marketing. Ces emplois constituaient la colonne vertébrale des classes moyennes éduquées. Ce sont eux qui avaient fait les études recommandées pour s'adapter. Si eux ne peuvent pas, qui peut ?3. La disruption du mécanisme de relance économique Quand les banques centrales baissent les taux pour relancer l'emploi, les entreprises recrutent désormais des agents IA, pas des travailleurs humains. Le lien entre capital et emploi se rompt pour la première fois depuis deux siècles. Et contrairement à toutes les crises précédentes, l'IA ne devient pas moins intelligente après une récession.4. La broligarchy et la capture réglementaire Les "Magnificent Seven" contrôlent 90,2% des modèles d'IA notables mondiaux. En 2024, les entreprises privées ont investi 109 milliards de dollars dans l'IA, contre 5,3 milliards d'investissement public. Sam Altman se pose en défenseur de la régulation en public et fait du lobby pour l'affaiblir en coulisses. L'administration Trump a inclus un moratoire de dix ans sur toute régulation étatique de l'IA. C'est une capture de la démocratie, pas seulement une concentration de marché.5. L'IA coloniale et la souveraineté cognitive L'IA ne transmet pas seulement des informations, elle transmet les valeurs et le cadre moral de ceux qui l'ont construite. Quand 90% des modèles viennent de Silicon Valley, la question de la souveraineté cognitive devient aussi urgente que la souveraineté économique. Et le "colonialisme par l'IA" s'exerce aussi dans le sud global, où des travailleurs ont littéralement entraîné les outils qui ont ensuite concurrencé leur propre travail.6. L'IA-vélo contre l'IA-fusée Karen Hao propose une distinction utile : l'IA-fusée, paradigme dominant à des centaines de milliards de paramètres visant l'AGI, et l'IA-vélo, des outils à échelle humaine pour des besoins spécifiques. Les architectures techniques sont les mêmes. Ce qui diffère, c'est le principe directeur. Des exemples comme Te Hiku Media en Nouvelle-Zélande, Chattanooga dans le Tennessee ou le modèle S1 développé pour 70 dollars prouvent que le choix existe.7. La destruction créatrice a un problème de rythme L'argument de Schumpeter tient sur le fond : chaque vague technologique crée plus qu'elle ne détruit. Mais il bute sur le rythme. La machine à vapeur s'est étalée sur des décennies. L'IA générative frappe en années. Si le pouvoir d'achat des classes moyennes disparaît avant que de nouveaux emplois émergent, qui consomme les produits que les entreprises continuent de produire ?QUESTIONS DE L'ÉPISODEEst-ce que ma position rassurante sur l'IA reflétait une lecture lucide, ou était-elle aussi une façon d'éviter une conclusion que je n'avais pas envie de regarder en face ?Le capitalisme peut-il fonctionner sans consommateurs, et les consommateurs peuvent-ils exister sans travailleurs ?Qu'est-ce qui différencie fondamentalement l'IA générative des révolutions industrielles précédentes en termes d'impact sur l'emploi ?Pourquoi l'argument de la "destruction créatrice" de Schumpeter bute-t-il cette fois sur quelque chose de structurellement différent ?Comment fonctionne concrètement la capture réglementaire par les grandes entreprises tech, et qu'est-ce que l'exemple de Sam Altman révèle sur ce phénomène ?Qu'est-ce que le sort des travailleurs d'annotation du sud global dit de la nature systémique de l'IA capitaliste ?Pourquoi le mécanisme de relance économique des banques centrales risque-t-il de ne plus fonctionner dans un monde d'IA générative ?Qu'est-ce que la distinction entre "IA-fusée" et "IA-vélo" change concrètement à la façon dont on peut construire et déployer ces technologies ?Comment des initiatives locales comme Te Hiku Media ou Chattanooga incarnent-elles une alternative crédible au paradigme dominant ?Quelle est votre part personnelle dans cette reconfiguration, en tant qu'individu, professionnel, citoyen ?RÉFÉRENCES CITÉESLivres et rapportsInhuman Power : Artificial Intelligence and the Future of Capitalism de Nick Dyer-Witheford (2019, + Cybernetic Circulation Complex, 2026, Verso). Thèse centrale : l'IA comme instrument par lequel le capital se rend indépendant du travail humain. Référence tout au long du texte.The Last Economy d'Emad Mostaque (août 2025, disponible gratuitement). Fondateur de Stability AI, ex-gérant de fonds. Concept de "transition de phase" et des "mille jours". Utilisé sur la chute des coûts de l'IA et la fin du mécanisme de relance keynésien.Empire of AI : Dreams and Nightmares in Sam Altman's OpenAI de Karen Hao (2025). Journaliste, ex-MIT Technology Review. Travailleurs d'annotation, double discours sur l'AGI, distinction IA-fusée vs IA-vélo.Is Another AI Possible ? d'Anis Rahman (rapport, Annenberg School / Media Inequality & Change Center, Université de Washington, disponible gratuitement). Concentration des modèles, investissements publics vs privés, initiatives alternatives.AI Snake Oil de Narayanan et Kapoor (Princeton University Press). Cité comme référence pour "démêler le réel du fantasme dans le discours tech".Personnes et institutions citéesHenry Ford : intuition du salaire comme condition de la consommation (1914, 5 dollars/jour).Karl Marx : concept de "sujet automatique" dans les Grundrisse (vers 1850).Joseph Schumpeter : concept de "destruction créatrice".Andrew Ng (ex-Baidu, ex-Google Brain, Stanford) : formule "l'IA est la nouvelle électricité".Dario Amodei (Anthropic) : projection de 10 à 20% de chômage dans certaines catégories professionnelles sur 5 ans.Goldman Sachs : estimation de 300 millions d'emplois à plein temps à risque.FMI : 89% des emplois de services externalisés aux Philippines à haut risque d'automatisation.PwC : l'IA ajoutera 15 700 milliards de dollars au PIB mondial, 70% ira aux États-Unis et à la Chine.Amy Webb et Sam Jordan (Future Today Institute) : concept de "crédit de contribution".Les Magnificent Seven : Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla (90,2% des modèles d'IA notables).Initiatives et exemplesTe Hiku Media (radio Maori, Nouvelle-Zélande) : développement souverain d'outils IA en langue Maori, principe "kia tangata whenua".Chattanooga, Tennessee : réseau haut débit municipal, 900 communautés américaines ayant suivi.Modèle S1 (Stanford / Université de Washington) : modèle de raisonnement comparable à OpenAI pour 70 dollars de frais cloud.xAI d'Elon Musk à Memphis, Tennessee : data center dans quartier majoritairement noir, dégradation de qualité de l'air signalée.TIMESTAMPS CLÉS Note : il s'agit d'une newsletter sans timestamps réels. Les repères ci-dessous sont structurés par section éditoriale et peuvent servir de chapitres si l'épisode est enregistré.00:00 Introduction : pourquoi j'ai changé de position sur l'IA Pendant dix ans j'ai tempéré le catastrophisme. Quelque chose a changé. Des gens autour de moi perdent des contrats qu'ils avaient depuis dix ans. Je reviens sur ma posture et j'explique ce qui m'a forcé à regarder les choses autrement.06:00 La contradiction centrale : le capitalisme peut-il se passer de consommateurs ? L'intuition de Ford et pourquoi elle s'effondre. Pas de travail, pas de salaires, pas de consommation, pas de capitalisme. La vraie question n'est peut-être pas "l'IA va-t-elle tuer des emplois ?" mais "l'IA va-t-elle tuer le système qui l'a créée ?"12:00 Ce que les chiffres disent vraiment Goldman Sachs, Dario Amodei, les fuites internes d'Anthropic. Un "white-collar bloodbath" annoncé par la boîte qui construit les outils. La nature de cette vague est différente des précédentes : elle frappe d'abord les cols blancs qualifiés.20:00 Nick Dyer-Witheford et le capital qui se libère du travail "Inhuman Power" et la thèse centrale : l'IA comme instrument par lequel le capital pourrait se rendre structurellement indépendant du travail humain. Marx avait formulé ça comme une crainte théorique. On s'en approche.28:00 La fin du mécanisme keynésien de relance Quand les banques centrales baissent les taux, les entreprises recrutent des agents IA, pas des humains. Ce mécanisme qui a fonctionné pendant deux siècles risque de ne plus fonctionner du tout. Personne ne le formule clairement dans le débat public.36:00 Le sud global et l'extraction coloniale Les Philippines, le Bangladesh, les travailleurs d'annotation de Nairobi et Manille. Ils ont entraîné leurs propres remplaçants. Karen Hao et la dimension coloniale de ce modèle économique.44:00 La broligarchy et la capture réglementaire 109 milliards d'investissement privé contre 5,3 milliards publics. Sam Altman défenseur de la régulation en public, lobbyiste pour l'affaiblir en coulisses. Le moratoire de dix ans de l'administration Trump. Ce n'est pas qu'une question de marché.52:00 L'argument de Schumpeter est réel, mais il a un problème de rythme La destruction créatrice a toujours fonctionné. Mais sur des décennies, pas des années. Si le pouvoir d'achat s'effondre avant que de nouveaux emplois émergent, qui consomme la production ?60:00 L'IA-vélo contre l'IA-fusée : une autre IA est possible Te Hiku Media, Chattanooga, le modèle S1 à 70 dollars. La distinction de Karen Hao entre l'IA construite pour la performance commerciale et l'IA construite à échelle humaine pour des usages définis. Ce sont les mêmes architectures techniques.70:00 Ce que vous pouvez faire maintenant : individu, collectif, citoyen Trois niveaux d'action concrets. Parce que je déteste les textes qui laissent dans l'impuissance. Les décisions se prennent maintenant, pas dans dix ans.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Liberalism is under its greatest threat since the 1930s. The question is whether its defenders have the nerve to admit why – and the ideas to fight back.Adrian Wooldridge, Bloomberg columnist and author of "Centrists of the World Unite!", joins CapX editor Marc Sidwell for an unsentimental diagnosis of liberalism's crisis — and an unexpectedly combative case for its recovery. The liberal tradition that defeated totalitarianism and built the modern world is not, he argues, exhausted. It has been betrayed: hollowed out by a self-satisfied establishment on one side and captured by identitarian collectivism on the other, while the intellectual energy of the age flows freely to the post-liberal right.But the book's argument is ultimately one of recovery. Liberalism has reinvented itself before — in the 1890s, a dying Gladstonian creed gave way to a new liberalism that produced Keynes, Beveridge and a generation that rebuilt the post-war world. The genius is latent. The question, as Wooldridge puts it, is whether today's liberals can sound something other than a faltering trumpet.Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe. Hosted on Acast. See acast.com/privacy for more information.

Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.Original article: https://mises.org/mises-wire/irresistible-promise-john-law

For our April 2026 episode of Magus we're plunging elbow-deep into the Enlightenment to talk about the magical life of Sir Isaac Newton!Arriving on this planet during the first few months of the English Civil War, Newton was abandoned by his mother, raised by his dead father's parents, and was a vengeful, mischievous child.After a fist-fight in a churchyard during his early teens Newton turned things around, becoming the top student at his local Grammar School, earning a scholarship to Trinity College Cambridge. The standard view of Newton's life was then that, while refusing to complete his training to become a priest, he also made some of the most important discoveries in all of physics. What people speak less of is his occult life, which remained hidden until the 1930s.For Newton laboured for 27 years seeking the Philosopher's Stone, translating the works of Hermes Trismegistus, reading myths and legends and alchemical formulae, and doing terrible things to his own health.A tale of secretive obsessions, heretical beliefs, and monk-like solitude, as Keynes said of him, "He was not the first of the Age of Reason by the Last of the Magicians."We really hope you enjoy! Speak with you again on Thursday for a double-bill of fairy tales and chats about them with "Soria Moria Castle" and "The Death of Koschei the Deathless."Three Ravens is an English Myth and Folklore podcast hosted by award-winning writers Martin Vaux and Eleanor Conlon.Released on Mondays, each weekly episode focuses on one of England's 39 historic counties, exploring the history, folklore and traditions of the area, from ghosts and mermaids to mythical monsters, half-forgotten heroes, bloody legends, and much, much more. Then, and most importantly, the pair take turns to tell a new version of an ancient story from that county - all before discussing what that tale might mean, where it might have come from, and the truths it reveals about England's hidden past...Bonus Episodes are released on Thursdays plus Local Legends episodes on Saturdays - interviews with acclaimed authors, folklorists, podcasters and historians with unique perspectives on that week's county.With a range of exclusive content on Patreon, too, including audio ghost tours, the Three Ravens Newsletter, and monthly Three Ravens Film Club episodes about folk horror films from across the decades, why not join us around the campfire and listen in?REGISTER FOR THE TALES OF SOUTHERN ENGLAND TOURVisit our website Join our Patreon Social media channels and sponsors Hosted on Acast. See acast.com/privacy for more information.

Séverine Bavon, autrice d'une newsletter aussi géniale que déjantée (CLDT) vient de publier Ciao les nazes, un manifeste sur les dysfonctionnements du monde du travail écrit sous forme de lettre d'adieu, avec une centaine de notes de bas de page et une verve qu'elle décrirait elle-même comme "un fond de scientiste servi par une tenancière de PMU".Je lis sa newsletter depuis un moment, et j'aime particulièrement ce qu'elle fait : des sujets sérieux, sourcés, traités avec une colère saine et beaucoup d'humour. Ce n'est pas si courant. Quand quelqu'un arrive à parler de burn-out, de méritocratie brisée et de présentéisme en te faisant rire, ça mérite qu'on s'y attarde.Dans cet épisode, nous parlons de ce qui dysfonctionne structurellement dans le monde du travail, et pourquoi la plupart des gens ont l'impression de souffrir seuls alors que les causes sont collectives. J'ai questionné Séverine sur le care en entreprise, sur la différence entre prendre soin du travail et prendre soin des collaborateurs, sur le présentéisme comme "plaie absolue", sur les managers accidentels, sur les deux grandes ruptures de contrat qui remettent en question le rapport au travail aujourd'hui. Et on a terminé sur l'IA, avec une question simple : si on gagne du temps grâce à elle, qu'est-ce qu'on en fait vraiment ?Citations marquantes"Un fond de scientiste servi par une verve de tenancière de PMU." (Séverine sur son ton, 02:39)"Le socle du sens au travail, c'est d'être en mesure de bien faire son travail, de ne pas être empêché par des process, des règles, des gens, des interruptions." (05:51)"On vit culturellement dans un bain qui nous dit que si on souffre, ça a de la valeur. Il faut briser ce lien entre souffrance et valeur du travail." (11:22)"Ce qu'on va gagner en productivité grâce à l'IA, j'ai l'impression qu'on va juste l'utiliser pour travailler plus. Le standard va monter. On sera tous armés avec nos agents, et on sera juste tenus à plus de productivité." (52:10)"Le présentéisme, c'est utiliser le temps passé au bureau comme seule mesure de l'engagement. C'est complètement contre-productif, et c'est extraordinairement excluant." (37:44)Big Ideas avec timestamps1. Les problèmes au travail sont structurels, pas individuels (00:13 / 10:47) Ce qu'on vit comme un échec personnel, une fragilité, un manque de résilience, est en réalité le résultat de structures défaillantes. La lettre de Séverine s'adresse à "Madame Monsieur", entité sans visage, parce qu'il n'y a pas de coupable unique. Ce cadrage change tout : cesser de se culpabiliser est la première étape pour comprendre et potentiellement agir.2. Le yoga n'est pas du care, c'est un pansement (05:11 / 09:15) Prendre soin des collaborateurs commence par leur donner les conditions pour bien faire leur travail, pas par des services de confort ou des journées bien-être. Le care réel, c'est un travail stratégique qui touche la sécurité psychologique, la charge de travail, le sentiment de justice. Ce n'est pas délégable aux RH, ça tient de la vision de la boîte.3. La méritocratie et la retraite : deux promesses brisées (18:15 / 20:12) Le contrat implicite du travail reposait sur deux piliers : travailler bien permet de progresser, et à terme il y a une retraite. Les deux sont fragilisés. 2 millions de travailleurs en France seraient sous le seuil de pauvreté selon Oxfam. La retraite n'est plus une carotte crédible. Sans ces deux fondations, l'équation "ce que je donne / ce que je reçois" ne tient plus.4. Le présentéisme : la grande plaie française (36:03 / 40:08) Quand le cadre n'est pas clair et que les KPI ne suffisent pas à mesurer l'engagement, on mesure le temps passé à être vu. C'est absurde, contre-productif, et profondément excluant pour tous ceux qui ont une vie hors du bureau : parents, aidants, femmes. La glorification de la charrette en est la forme la plus toxique.5. Le cadre clair comme condition de la confiance (29:17 / 35:54) Faire confiance aux collaborateurs ne veut pas dire laisser faire n'importe quoi. La confiance ne fonctionne que dans un cadre explicite : ce qui est attendu, ce qui est permis, ce qui ne l'est pas. Le "bon patron" trop tolérant qui ne pose aucune limite crée en réalité des injustices, laisse passer les abus et décourage ceux qui font bien leur travail.6. L'IA : qui bénéficiera vraiment du temps gagné ? (47:02 / 54:26) Séverine ne croit pas aux effets positifs automatiques de l'IA sur le travail. Son intuition : la nature corporate a horreur du vide, et le temps libéré par les outils sera réabsorbé dans plus de productivité, pas dans plus d'humanité. La vraie question n'est pas ce que l'IA peut faire, c'est ce que la société décidera de faire du temps qu'elle libère.Questions posées dans l'interviewQu'est-ce qui t'a donné envie d'écrire cette newsletter à l'origine ?Comment tu définirais le ton de C'est l'été et de Ciao les nazes ?Qu'est-ce qui dysfonctionne complètement dans notre manière de penser le leadership en entreprise ?Est-ce qu'il faut prendre soin des collaborateurs, ou prendre soin du travail pour prendre soin des collaborateurs ?Comment tu envisages le care au sein de l'entreprise, et pourquoi ça ne se décrète pas ?Est-ce qu'on peut s'enrichir encore en travaillant, et qu'est-ce que ça fait quand ce n'est plus le cas ?Comment créer de la sécurité psychologique sans devenir le psy de l'équipe ?Quels sont les signaux d'alerte d'une culture managériale toxique ?Comment tu envisages l'impact de l'IA sur le monde du travail ?Si tu ne pouvais changer qu'une règle dans le monde du travail, ce serait laquelle ?Références citéesÉtudes et donnéesÉtude Empreintes Humaines : 47% de salariés en détresse psychologique au travail (07:00)Oxfam : estimation de 2 millions de travailleurs pauvres en France (18:15) [à vérifier selon Séverine elle-même]Robert Walters : étude sur les "managers accidentels" (41:49)Donnée sur les 70% de Français inquiets de l'impact de l'IA sur leur emploi (47:46) [à confirmer]Concepts et références culturellesKeynes (cité "Kent" dans la transcription) : prédiction du travail à 15h/semaine avec les avancées technologiques (53:46)"Rien de pire qu'un bon patron", article de Félix et Jean de Punchy dans leur newsletter (34:14)Paradoxe de productivité de Solow (évoqué sans être nommé par Grégory, 49:44) : impossibilité de mesurer l'impact réel de l'informatique sur la productivitéConcepts mentionnésBullshit jobs (16:24)Risques psychosociaux / RPS (08:33)Sandwich employees (26:54)Semaine de 4 jours (53:58)Revenu universel de base (52:59)Présentéisme vs présence (36:03)Timestamps YouTube00:00 Introduction, Séverine Bavons et Ciao les nazes 00:46 D'où vient la newsletter C'est l'été, née de la colère contre la pub 01:57 Le ton : colère + humour, un fond de scientiste servi par une tenancière de PMU 03:33 Ce qui dysfonctionne dans le leadership : le problème des KPI uniques 04:42 Prendre soin du travail vs prendre soin des collaborateurs, et le yoga comme pansement 06:46 Le care en entreprise ne se décrète pas : c'est un travail stratégique 09:22 Ciao les nazes n'est pas un manuel pour démissionner 10:47 On n'est pas responsable de nos souffrances au travail, les causes sont structurelles 11:22 Briser le lien entre souffrance et valeur du travail 12:25 La culture française du poète maudit et l'individualisation du travail 14:25 Humour + fond sérieux : pourquoi le rire est une arme légitime 16:24 Le ridicule du jargon d'entreprise et les euphémismes qui cachent la dureté 17:47 On ne peut plus s'enrichir en travaillant : la méritocratie en panne 18:58 Deux contrats brisés : la progression et la retraite 21:07 Comment les lecteurs de la newsletter vivent leur travail au quotidien 24:13 L'arbre des connards : managers toxiques vs managers victimes du système 26:30 Le "business first" comme moyen de se dédouaner de l'humain 28:41 Créer la sécurité psychologique sans devenir le psy de l'équipe 31:34 La confiance ne fonctionne que dans un cadre clair 34:14 Le "problème du bon patron" : trop tolérant, pas de cadre, dérives garanties 35:54 Si tu ne pouvais changer qu'une règle, ce serait le présentéisme 36:50 Jiminy Cricket et la glorification de la charrette 39:34 Le présentéisme est culturel, excluant et contre-productif 40:28 Repenser le rôle du manager, pas rajouter des injonctions 41:49 Les managers accidentels et le management comme compétence à part entière 42:32 Les signaux d'alerte d'une culture managériale toxique 44:43 La pandémie a dénudé le travail et révélé son squelette 46:53 L'IA dans le monde du travail : on ne sait pas vraiment ce qui va se passer 47:46 Pourquoi Séverine croit peu aux effets positifs à long terme de l'IA 49:27 Le cercle qui se grippe : produire plus pour qui, si on détruit du taf ? 50:27 Débat : l'IA peut-elle nous rendre plus humains ? 51:23 La vraie question : que va-t-on faire du temps gagné ? 53:46 Keynes et la semaine de 15h : on est passé à côté 54:24 Semaine de 4 jours, revenu universel : regagner du temps comme enjeu de sociétéHébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

El ministro de Economía, Luis Caputo, señaló sobre Adorni: "Opino bárbaro de Adorni, y no creo que usted ha escuchado decir que no solo hay que ser, sino parecer, y yo creo que no, yo creo que hay que ser. Yo creo que ese parecer es un poco, digamos, lo yo lo relaciono con Maquiavelo, ¿no? Porque, en definitiva, es lo que planteaba Maquiavelo, un tipo que le ha hecho un tremendo daño a la política, o sea, solamente comparable con el daño que le hizo Keynes a la economía, tipo que le hizo tremendo daño a la a la política. Tuvimos un montón de de políticos y de ministros que parecían, y después se robaban el agua de los floreros”.Sobre los periodistas, Caputo sostuvo: "Exactamente, o porque alguno se siente agredido personalmente. No juicio de valor, estoy siendo descriptivo. Yo, como ministro de economía, también puedo tener sesgo y agarrar, como hace el el periodismo cherry picking de, mirá, este está siendo bárbaro, entonces, a todo va bárbaro. Entonces, como todos podemos tener sesgo, ¿dónde se dirimen los sesgos? En los datos. Por eso, yo como como ministro, no me puedo guiar por lo que dice tal encuesta”.Luis Caputo afirmó: “En algún momento te voy a mostrar el celular, yo tengo periodistas de este canal Que me muestran llamando a gente que conozco diciéndole diciéndoles que los están forzando a a pegarnos, que les están bajando línea para pegarnos, cosa que no creo que sea cierta”.El diputado Esteban Paulón aseguró: “Dos de los diputados que salieron a aclarar consiguen ese crédito en fechas muy puntuales. Uno, cuando se pasa la Libertad, Avanza. El otro, cuando cambia su voto, cuando se hizo la insistencia de la ley de jubilaciones, la primera vez en el año veinte veinticuatro, que nosotros habíamos aprobado una actualización de jubilaciones, el presidente la vetó, estaban supuestamente los votos para insistir, y a último momento había unos diputados que se dieron vuelta y coinciden con esas fechas”. Noticias del lunes 6 de abril por María O'Donnell y equipo  de De Acá en Más por Urbana Play 104.3 FMSeguí a De Acá en Más en Instagram y XUrbana Play 104.3 FM. Somos la radio que ves.Suscribite a #Youtube. Seguí a la radio en Instagram y en XMandanos un whatsapp ➯ Acá¡Descargá nuestra #APP oficial! ➯  https://scnv.io/m8Gr 

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.Original article: https://mises.org/mises-wire/myth-wont-die-war-good-economy

Send us Fan MailSpreadsheet from AdamGarys Economics YT ChannelAI is going to make someone wildly richer. The only open question is whether it makes the rest of us safer and freer or more replaceable and more financially fragile. We take a hard look at the “productivity miracle” story and ask what happens when the gains from automation and generative AI keep flowing to the top while millions live one emergency away from losing housing, health care, and stability. We connect that to an old prediction from Keynes: if productivity keeps climbing, ordinary people should be able to live like today's high earners and work far fewer hours. Yet we're still grinding through full-time weeks, and the precariat keeps growing. For us, that's the heart of the problem: not envy, not abstract wealth inequality, but poverty as economic precarity. When the floor is missing, everything gets expensive: crime, stress, bad health outcomes, and desperate decisions that harm everyone. Then we get practical. We walk through the “tax wealth not work” approach popularised by Gary's Economics and break down what it could look like in real policy: a progressive wealth tax, removing the Social Security cap, taxing capital gains like income, closing loopholes like carried interest, and even charging luxury assets such as private jets and yachts like we already do with cars and property. We also tackle the usual pushback about rich people leaving and the “unrealised gains” argument. If you're thinking about AI governance, wealth taxes, universal healthcare, Social Security reform, and how to build a post-scarcity or post-precarity society, this conversation is for you. Subscribe, share this with a friend who argues about AI or taxes, and leave a review with your take: what's the first policy you'd pass to end precarity? Support the showHelp these new solutions spread by ...Subscribing wherever you listen to podcastsLeaving a 5-star review Sharing your favorite solution with your friends and network (this makes a BIG difference)Comments? Feedback? Questions? Solutions? Message us! We will do a mailbag episode.Email: solutionsfromthemultiverse@gmail.comAdam: @ajbraus - braus@hey.comScot: @scotmaupinadambraus.com (Link to Adam's projects and books)The Perfect Show (Scot's solo podcast)Thanks to Jonah Burns for the SFM music.

For today's episode, host Josh Sidman sat down with Guido Preparata to discuss Silvio Gesell's monetary economics, the nature and origin of interest, and the controversial relationship between Gesell and John Maynard Keynes.Guido Preparata is an Italian-American economist who currently resides in Umbria, Italy. He did his PhD in Political Economy at the University of Southern California and also has a masters in Criminology from Cambridge University. He taught political economy at the University of Washington and was a Fulbright Scholar studying Middle Eastern international relations at the University of Amman in Jordan. Among his diverse professional interests is the economic perspective of Silvio Gesell, which he has been writing about since the 1990s. He wrote a paper in 2002 arguing that some of Keynes's most important insights on money were inspired by, if not plagiarized from, Silvio Gesell.To check out more of our content, including our research and policy tools, visit our website: ⁠⁠⁠⁠https://www.hgsss.org/⁠⁠⁠⁠ 

Jesús Huerta de Soto traces the Austrian school's intellectual roots from the Spanish scholastics to Rothbard, making the case that anarcho-capitalism is the natural endpoint of the classical liberal tradition.The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed.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.Full Text version of the Lecture (Submitted by Prof. Huerta de Soto):Thank you very much to the Mises Institute and Joe Salerno for his kind introduction as well as for inviting me to deliver this “Ludwig von Mises Memorial Lecture” to celebrate the one hundredth anniversary of Murray N. Rothbard's birthday. It is the second time I visit the Mises Institute to deliver this most important lecture: The first one was almost thirty years ago, back in April 1997, when I delivered a lecture on “The Scholastic Roots of the Austrian School”. In this second opportunity I am very happy to have been able to accept Joe's invitation and to come with a very well represented retinue of ten of my colleagues and doctoral students. All of them are teaching as professors or making their research at our more than twenty-year-old Doctoral and Master Programs in Austrian Economics at King Juan Carlos University back in Madrid, and which is the only one officially approved and with full validity inside the whole European Union. You have already had the opportunity to hear from each one of them a detailed description of the so-called “Madrid Austrian Research Hub” and of all the activities we are developing every year, including the 54 Doctoral Theses on Austrian Economics that have been read up to now in our program. And here you have also copies of the English version of our main books published by Routledge, Edward Elgar, and by the Macmillan Austrian Series edited by my Madrid Colleagues, the German professor Philipp Bagus and the Canadian professor Dave Howden. And you will have the unique opportunity to buy these books that, as you know, have a hefty price of almost 100 pounds each one, at the almost “stolen property” and symbolic price of 5 dollars per copy, thanks to the most generous help of the Spanish Jesús Huerta de Soto Foundation that is helping to finance our participation in this important event.And now what I will do in the next forty minutes is to try to summarize not only my main contributions, but also “The Libertarian Vision of the Scientific and Moral Truth” as we see it from our Austrian School Hub in Madrid. And I will do it by focusing on a series of fundamental points.Precisely, the youngest of all sciences, Economics is the one that has provided Humanity with the most important scientific contributionThe first one is that Economics, being the last science to arrive, or as Mises said, "the youngest of all sciences," has nevertheless achieved the milestone of providing Humanity with the most important scientific contribution. For the first time, and thanks to Economic Science, human beings have discovered and understood that voluntary social cooperation, free from all institutional and systematic external coercion, generates a spontaneous order that cannot be designed nor organized by anyone, and that peacefully and without limits drives the prosperity and expansion of Humankind.This transcendental message of Economic Science, on the one hand, resolves the impossible antithesis of attempting to apply, within the realm of interactions carried out by human beings endowed with free will, the manipulative approach of external entities that human beings have no choice but to use, supported by technology and the natural sciences, in order to dominate the subject of the material world. And on the other hand, this is a radically revolutionary message: for the first time, it has been scientifically demonstrated that states, in any of their forms, are neither necessary nor viable; that Society, understood as a process of voluntary human interactions, does not need anyone to govern it, because it regulates and organizes itself spontaneously; and that the attempt to coordinate Society on the basis of social engineering and state coercive commands is impossible, doomed to failure, and gives rise to all kinds of distortions, social conflicts and violence, that continually hinder and block human progress.Economic science is generalized into a complete Theory of Liberty that makes it possible to reinterpret History and promote the expansion of civilizationThe second point is that Economics has been generalized into a whole Theory of Liberty, understood as the most essential attribute and requirement of human nature. Liberty means that all human actions are carried out voluntarily, based on the principle of non-aggression, and free of external coercion or violence imposed and organized from above by the always minority group of human beings who, under whatever title, exercise any kind of political power.Moreover, Economics dismantles and turns upside down the erroneous and biased account of Thomas Hobbes and his followers. Neither was the "state of nature" a terrifying situation, nor did a supposed "social contract" ever exist or was it necessary to create and maintain a State that would impose order and guarantee peace. What happened was precisely the opposite: natural evolution consisted, above all, in the spontaneous discovery of the great advantages provided by voluntary exchanges and peaceful trade. Systematic and generalized violence, war, and terror arose only with the appearance of States, as coercive institutions composed of the most antisocial and violent human beings, who wanted (and still want) to live at the expense of plundering those citizens who earn their living by working and trading peacefully with each other (Oppenheimer, 1926).Thus, Economics, demonstrates that what Étienne de La Boétie named "voluntary servitude", is an anti-human aberration to which human beings have been subjected for centuries. And that it is not necessary to continue with the resigned habit of obeying the State; nor do governments enjoy an aura of prestige (but are literally "stripped" of any attribute of intellectual or moral superiority); nor is the caste—or “praetorian guard”—of intellectuals, “experts”, and acolytes that surround states and rulers to be regarded as untouchable; nor should we allow ourselves to be seduced and deceived by subsidies or perks, whether supposed or real, with which they seek to purchase the will and secure the loyalty of exploited human beings, so that they will consent, voluntarily and permanently, to their exploitation and servitude (De la Boétie, 1975).Economics is the Science developed by the Austrian School of Economics, which should in fact be known as the Spanish School, as it has its origins in the thinking of our scholastics of the Spanish Golden AgeThe third point is that Economic Science has reached its highest level of development thanks to the Austrian School of Economics. As you know, our school is based on the realism of its analytical assumptions, in the dynamic approach based on the entrepreneurial, creative, and coordinating capacity of every human being, and in the study of the spontaneous and self-regulated order of the social process of voluntary human interactions (Huerta de Soto, 2008). The institutional and multidisciplinary approach of the Austrian School is also very relevant. As a result of the spontaneous social process important institutions emerge which, in turn, make it possible and drive it forward: Law and property rights rooted in human nature and discovered and developed spontaneously outside the state; the family, a basic and essential institution, on which the expansion of Humanity is made possible and consolidated; moral principles, which act as a true "automatic pilot" for liberty and which human beings internalize and transmit from generation to generation, thanks to the family and other community or religious institutions; economic institutions, and in particular, money, which also evolves spontaneously outside the State, and which can and should be considered the social institution par excellence, since by overcoming the problems of barter, it enables the exponential multiplication of voluntary exchanges and human interactions, within which the rest of the social, linguistic, moral, legal, economic, and religious institutions are discovered, shaped, and perfected.Our fourth point is that the first theorists of the spontaneous order emerged in the field of law, led by the great jurists of classical Rome. They were the first ones to understand the organic and evolutionary nature of the social process, and so they became, without being aware of it, the first economists. Their tradition was kept alive throughout the Middle Ages thanks to the Catholic Church and, through thinkers such as Saint Thomas Aquinas, Saint Antoninus of Florence, and Saint Bernardino of Siena, eventually came to influence the Spanish scholastics of the sixteenth and seventeenth centuries gathered around the University of Salamanca. As Rothbard demonstrated (Rothbard, 1976) these thinkers of the Spanish Golden Age should be considered the most immediate precedent of the Austrian School of Economics, which, precisely for this reason, should be called the Spanish School of Economics. And in fact, these Spanish scholastics were already able to articulate the following ten essential principles which constitute the theoretical foundation of the Austrian School:Firstly, the subjective theory of value developed by the Bishop of Segovia, Diego de Covarrubias, who as early as 1555 clearly explained that, although the objective nature of wheat is the same in Spain as in America, its price was higher in America because there human beings subjectively valued it much more highly; from this follows the correct relationship between prices and costs set out by Luis Sarabia de la Calle, in the sense that it is market prices that determine costs and not the other way around, as equilibrium theorists mistakenly believe; the Scholastics also realized that equilibrium models and prices lack realism and theoretical meaning because they presuppose a degree of knowledge “so complex that only God, and in no case human beings, could ever acquire it” (in latin “pretium iustum mathematicum licet soli Deo notum”), as already explained by the Jesuit cardinals Juan de Salas in 1617 and Juan de Lugo in 1643, more than three hundred years earlier than Hayek could conclude that “a science which assumes knowledge that can never be acquired is not a Science”; also the dynamic concept of competition is fundamental, understood as a process of rivalry among sellers based on the dynamic conception of market processes developed by Jerónimo Castillo de Bobadilla and Luis de Molina in 1589 and 1597, and that has nothing to do with the static model of "perfect competition" of equilibrium theorists; and also the important contributions of the Spanish Scholastics related with capital theory, business cycles, and the effects of fiduciary media generated by banks; so, particular emphasis should be placed on the rediscovery of the principle of time preference by Martín de Azpilcueta, following what Lessines had already stated in 1285; as well as on the fact that bankers commit mortal sin when they operate with fractional reserves, creating bank deposits as a form of virtual money (or chirographis pecuniarium, as Luis de Molina said in latin) that only exists in their accounting books and distorts the structure of relative prices, creating bubbles and deep economic crises that ultimately "bring everything crashing down," as Saravia de la Calle and Tomás de Mercado so vividly explained in the 16th Century; and in short, the Scholastic's idea that it is impossible to organize society through coercive commands due to lack of the information that would be required to give them coordinating content; as well as the discovery that inflation is a hidden and very harmful tax that arises from an act of tyranny, since it is neither known nor accepted by citizens, which would even justify the assassination of the King according to the theory of tyrannicide, a contribution originally made by the Castilian Comuneros eventually defeated by the tyrant King Charles V in 1521, and developed by Father Juan de Mariana almost a century later [in 1610].This entire line of proto-Austrian scholastic thought also spread throughout the Americas, especially in the newly founded universities of San Marcos in Lima and Mexico City in 1551 where brilliant disciples of these Scholastics, who had studied at the University of Salamanca itself, came to occupy prominent academic positions. Thus, for example, we should mention the cases of Bartolomé Frías de Albornoz in Mexico, and above all the great Juan de Matienzo, who became judge and president of the Royal Audiencia of Charcas and Lima from 1560 onwards (Popescu, 1997).Finally, the doctrine of our scholastics did spread even to North America two centuries later through the books of Juan de Mariana, who greatly influenced Thomas Jefferson and the founding fathers of the United States.However, the southern part of the continent ultimately proved unable to neutralize the wave of growing statism and centralization that first came with the arrivals of the Habsburgs in Spain, and which was intensified even further after the arrival of the Bourbons with Philip V at the beginning of the eighteenth century (Martínez Marina, 1820). How different and much more prosperous and libertarian might the historical evolution of Spain and Latin America have been, had the statist centralism of the Habsburgs and the Bourbons not prevailed, and had the far more libertarian, local, and decentralized traditional representative institutions of the kingdoms of Castile instead remained predominant—institutions that were dismantled, together with Europe's first libertarian revolution, beginning with the defeat of the Castilian Comuneros at Villalar on April 23, 1521 (Leonard Liggio, 2025).The most important and far-reaching contributions of economic scienceLet us now turn, in greater detail, to the most important contributions of Economics, as developed by the Austrian School.First, human cooperation takes place spontaneously, without the need for anyone to organize it coercively from outside. This is so because human beings are endowed with an entrepreneurial and creative capacity that continually drives them to discover the multiple opportunities for profit that arise in their environment. Each of these opportunities embodies a previous discoordination in human behavior that remains latent until it is discovered and overcome by the corresponding entrepreneurial act. This entrepreneurial act always arises from a creative tension and interpretation of events of the outside world that is essentially subjective and, therefore, cannot be reproduced by any artificial intelligence algorithm; in other words, the same objective events can be interpreted in multiple ways, even contradictory ones, without it being possible to postulate which is correct until the corresponding entrepreneurial process is completed in the form of a subjective profit. In any case, every entrepreneurial act involves, firstly, the creation of information that did not exist before (regarding the profit opportunity that arose from the previous discoordination that had gone unnoticed); secondly, the transmission of that knowledge (directly to the parties involved in the entrepreneurial act and indirectly through a series of institutions and signals such as market prices); and third and finally, the coordination of the previous maladjustments takes place when the parties involved learn motu proprio, that is, voluntarily and for their own benefit, to discipline their behavior according to the needs of others (for example, when they discover that they achieve their ends more effectively by specializing and trading peacefully the mutual results of their efforts). The discovery of the essence of this pure entrepreneurial act, with its elements of creation and transmission of information and the spontaneous coordination of the previous maladjustments continually generated by human coexistence, constitutes the most important contribution that Economic Science has provided to Humanity, and explains why the spontaneous process of voluntary social cooperation that drives the multiplication of human beings and the expansion of civilization does not require any statist system of institutional coercion.Another essential contribution of Economics is the concept of Dynamic Efficiency, understood as the process of unlimited expansion of human creativity and entrepreneurial coordination that arises only within a specific institutional framework of moral and legal norms. This framework is the one grounded on the ethical principle according to which every human being has a natural right to appropriate the results of his entrepreneurial creativity; that is, a property right over what one has created and which did not previously exist, which is the most obvious and important human right. For this reason, (dynamic) Efficiency and Morality and Justice (properly understood) cannot be separated one from the other; or, as we might say, they are two sides of the same coin in the sense that only Justice and Morality induce and generate efficiency; and at the same time, what is dynamically efficient in economic terms cannot be neither unjust nor immoral. All of which, on the other hand, demonstrates the integrated order that exists in the social universe, and highlights the three levels of research (theoretical, ethical, and historical) that complement and reinforce with each other and are essential in our search for truth (Huerta de Soto, 2000).Finally, another key contribution of Economic Science is to have demonstrated the impossibility of socialism, or better, the impossibility of statism, in the sense that it is impossible for the State to achieve and coordinate what it promises for the following four reasons:First, because of the enormous volume of information required for such coordination, which the State cannot acquire because it is dispersed in the minds of the eight billion human beings who participate and interact in the social process every day. Second, given the tacit and inarticulate character of this information (and therefore its inability to be transmitted in an objective manner). Third, because the information that is generated is not "given," nor is it static, but instead changes continuously as a result of human creativity, making it impossible to transmit today information that will only be created tomorrow, and which is precisely the information that the organs of State intervention and the so-called “experts” would need today in order to direct society to achieve their objectives tomorrow. And fourth, and above all, because the coercive nature of State commands blocks the entrepreneurial activity of creating the very information which the State organization itself would need in order to give its commands a coordinating content. In sum, the State is always and everywhere violence and coercion; coercion blocks the entrepreneurial act of creation, discovery, and adjustment of discoordinated human behavior, while at the same time preventing the creation of the information and the emergence of free market prices that make economic calculation and social coordination possible. For this reason, statism is not only unnecessary but is also scientifically impossible.The impact of these essential contributions of Economics on the course of social evolution has so far been very limitedAll of these scientific contributions have so far achieved only a very partial, imperfect, and limited impact on the inertia of a social and political reality that has for centuries been characterized by the coercive power of States and rulers, and by the more or less resigned servitude of the citizens. And despite the very limited nature of this impact to date, which at best has materialized in a series of naïve and "liberal" revolutions aimed, with as much arrogance as lack of success, toward the impossible objective of trying to separate and limit the powers of states and rulers through political constitutions and "liberal democracies" (Rothbard, 2009); Humanity has been propelled as never before in those places and historical moments where it has managed, despite everything, to at least partially free itself from the State and open up some of the new channels of liberty shown by the teachings of Economics. Beginning with the Industrial Revolution, which was but the first chapter of the never-completed "Revolution of Liberty" inspired by Economics. And although what has been achieved in terms of prosperity and standard of living by the now eight billion human beings seems relatively significant—and indeed it is—we cannot even conceive of the standard of living and population size that could be achieved if Humanity were able to take full advantage of and fully implement the teachings of Economic Science.We can be few and poor in a context of servitude and submission to the State, or many and wealthy in a context of liberty (Hayek, 1988, p. 133). The globe is practically empty of human beings (the Earth's current population would fit into an area equivalent to that of the state of Alaska, with a population density equal to that of Brussels). And we cannot even imagine the prosperity that could be achieved in a free market daily driven by eighty billion, or even eight hundred billion, human beings. Economics explains and demonstrates that the increasing prosperity of an ever-growing population of human beings never results from deliberate and coercive State plans, nor from the egalitarian income redistribution, nor from increases in public spending, nor from subsidies, debt, or inflation, but only arises from the free market of the capitalist system. This consists of the process of voluntary exchanges among all human beings who, endowed with an innate entrepreneurial and creative capacity, are able to detect and assess, through the system of free prices, the relative urgency and necessity of each good and service, overcoming the relative scarcity of each and satisfying, every day and in the best humanly possible way, the desires and needs of billions of consumers. Entrepreneurs who succeed in this never-ending process of profit-seeking accumulate significant resources, which, in turn, are saved and invested in capital goods and new technologies that make human beings increasingly productive, boosting their wages and standards of living; a virtuous process of continuously expanding prosperity and population growth that, if not coerced or hindered by the State, has no limits.Therefore, it is crucially important for the future of Humanity that it be able to take full and maximum advantage of the lessons and essential message in pursuit of human liberty that Economics provides. But this will only be possible if we are able to unmask and carefully analyze the powerful forces of the pseudoscientific and counterrevolutionary reaction that has been mobilized to prevent the advance of the theory of liberty derived from Economic Science. Despite their diverse origins, they all converge on the same objective: to attempt to justify and preserve State coercion at all costs under the appearance of scientific legitimacy. They are driven by the "fatal conceit" (Hayek, 1988) of many visionaries, thinkers, and supposed "experts" who believe themselves to be clever enough to correct the spontaneous market order, of course, using the violence and coercive power of the State. Together with a privileged caste of rulers, bureaucrats and acolytes, they continually manipulate a Humanity that is sadly accustomed to serving the State. For all of them, it is vital that statism be maintained and that the message of liberty provided by Economics never prevail.Next, we will list the main reactionary pseudoscientific currents that have infiltrated Economic Science like a lethal virus and constitute, in Hayek's terminology, "the counter-revolution of science" (Hayek, 1955).Pseudoscientific reactionary currents opposed to Economic Science. The role played as “useful innocents” by many libertarian economists of the counterrevolutionary mainstreamFirst, positivism and scientism as pseudoscience. By "scientism" we must understand the improper application of the methods of the natural sciences to the field of Economic Science. Thus, while the natural sciences study their object of research as something external, measurable, and quantifiable, Economics studies the implications of the voluntary actions of human beings. And given the essentially creative nature of human beings, the supposed empirical "evidence" has, at best, only a superficial, partial, and always historically contingent value. In Bastiat's words, of "what is seen" —or rather, what is believed to have been seen— but not "what is not seen" (Bastiat, 1995); and at worst, it always entails the assumption, that human beings are an object of research that can be manipulated as the matter of the external world studied by the natural sciences. This inevitably introduces the idea that to improve the world, the State and its rulers must use their coercive power to manipulate and change the things they believe they see in their historically contingent "empirical photos." But these "empirical photos" cannot capture the underlying dynamic essence of spontaneous social processes, let alone what is already happening spontaneously to solve and coordinate every problem. Therefore, it is not surprising that from the very first steps of Economic Science promoted by the Austrian School, its most violent opponents were the "socialists of the chair" gathered around the German Historical School, reinforced in France by the empiricists of the school of Saint-Simon, the insane Comte, and Durkheim, who sought to create a new and alternative pseudoscience of society. And their unhealthy positivist and ultra-empirical influence has persisted to the present day, first through American Institutionalism and later through the massive compilation of empirical data, for example, in the work of Wesley C. Mitchell or Henry Schultz, the latter, as shown by Professor Salerno, having gone on to exert a decisive influence on his assistant Milton Friedman and, through him, even on the Chicago School itself (Salerno, 2023).Secondly, the pseudoscience of neoclassical economics is characterized by its claim that only its own approach constitutes true “science,” that is, the approach based on the principles of equilibrium, maximization, and constancy. Moreover, in addition to the lack of realism of its assumptions, it adds the reductionism of a mathematical language that has developed in response to the needs and demands of the natural sciences, but which is alien to Economic Science because it does not allow for the subjective concept of time or entrepreneurial creativity. Neoclassical economists develop their pseudoscience based not on real human beings of flesh and blood, but on "ideal types" that are like "robotic penguins" who, even in their most sophisticated dynamic stochastic general equilibrium models are limited to moving and reacting to events and State coercion as if they were characters of a sort of economic video game ("videogame economics"). Yet neoclassical pseudoscience, despite its apparent and ever-increasing sophistication, is not capable of accounting for the immense complexity of the real world and rebels against the idea of spontaneous market order in two ways that are equally harmful to human liberty: on the one hand, by promoting the coercive "social engineering" of central banks, States, and governments to use "fine tuning" to force reality toward to the mathematical optimum of their models; and, on the other hand, by labeling as "market failures" everything they believe they observe in reality that does not coincide, in their empirical studies, with their ghostly models of “perfect” equilibrium and adjustment (Milei, 2023); failures that, according to them, refute the "benefits" of the spontaneous order of the market and human liberty, and justify their elimination as soon as possible by a coercive State authority. Note also how neoclassical pseudoscience needs, and feeds upon, the empirical work of the previous pseudoscience, positivism, in order to justify its conclusions against human liberty and in favor of State coercion, so that positivists and neoclassicists join hands and end up reinforcing each other in their reactionary agenda.Third, Keynesianism and macroeconomics as pseudoscience. The very “macro” approach already entails, inevitably, an obvious bias in favor of justifying State intervention, aggression, and coercion against the spontaneous order of the market and human liberty. As F. A. Hayek pointed out in his Nobel Prize acceptance speech in 1974 (Hayek, 1978), macroeconomists ignore everything they cannot measure, specifically truly relevant economic processes and theories. At the same time, they believe that certain aggregate concepts—which lack genuine economic meaning—possess a “real” existence, that permits to collect empirical information or evidence that can be manipulated and statistically treated. Once again, macroeconomic pseudoscience goes hand in hand with positivist pseudoscience, and the two reinforce with each other in their counterrevolutionary reaction. Furthermore, Keynesianism is particularly harmful: not only does it flatly deny the coordinating capacity of creative entrepreneurship and the spontaneous market order, but it also builds as an alternative explanation a whole model—of course—of equilibrium with permanent unemployment, to justify the coercive intervention of the State in the lives of human beings in the form of all kinds of fiscal and monetary manipulations. Moreover, the macroeconomic and Keynesian pseudoscience feeds upon, and is reinforced by, the pseudoscientific approach of the Neoclassical School, to the point that, the so-called "neoclassical Keynesian synthesis" became, throughout the twentieth century, the main reactionary movement inside Economics. Keynesians and macroeconomists thus become the champions of that intoxication with statism, manipulation, and political power which constitutes the framework, orchestrated by governments and central banks, to which we have, regrettably, become accustomed and in which we are forced to live. This context repeatedly destabilizes the spontaneous market order, generates serious financial and economic crises and social conflicts, and continually hampers the prosperity and advance of civilization.We have left the quasi-religious mysticism of Marxist pseudoscience for last, because Marxism was scientifically dead even before it was born: in fact, it emerged with—and was theoretically demolished by—the subjectivist revolution led by the Austrian School of Economics. From the beginning, the Austrian School's development of time preference and capital theory revealed the contradictions and grave scientific errors of Marxism, while at the same time exposing its pronounced character as an intellectual fraud (Böhm-Bawerk, 1949). This intellectual fraud was historically illustrated by the collapse of the Soviet Union, and of virtually all other communist countries, after many decades of unspeakable human suffering for a large part of the world's population, all of which was perfectly consistent with the theory on the impossibility of statism developed by the Austrian School beginning with the von Mises of 1920 (Mises, 1936), and which was the final nail that forever sealed the coffin of the corpse of Marxist pseudoscience (Huerta de Soto, 2010).Finally, in this context, we must mention the destructive role played by a number of distinguished economists who, although they defend liberty and the market economy, could be described as a kind of "useful innocents" in Mises' terminology (Mises, 1947). This is so because, even though they officially oppose rampant statism and defend liberty, by accepting—even if only partially—some of the postulates of the reactionary pseudoscientific currents we have described, they ultimately end up, often without intending to and much to their regret, providing additional impetus to the statist reaction within our discipline; for example, when they insist on advising States with proposals aimed at making them more efficient and at helping them do somewhat better things that they should not be doing at all. By way of illustration, we should include in this category of “useful innocents”, for example, thinkers as the Karl Popper of The Open Society and Its Enemies (Popper, 1966, p. 366), who came to admire the “scientific capacity” and even the “humanism” of Karl Marx, and who proposed a statist strategy of “piecemeal social engineering”; or George Stigler, when he claimed that only empirical evidence could determine which economic system, socialism or capitalism, might function (Stigler, 1975, pp. 1-13); and, more generally, the members of the Chicago School, led by Gary Becker and Milton Friedman. Becker when defending that only economics developed within the strict limits of equilibrium, constancy, and maximization, typical of the neoclassical pseudoscience, constitutes true "economic science." And even more serious could be considered the case of Milton Friedman, whose very sincere love of liberty and intense and popular media support for free markets stand in sharp contrast to his pseudoscientific approach based on the aggregate method of economics of Keynesian origin, on positivist empiricism, and on the full acceptance of the unrealism of assumptions. Only in this way it can be explained Friedman's litany of scientific errors which, much to his regret, have invariably ended up reinforcing statist interventionism, to the point that Hayek himself was forced to conclude that after Keynes's The General Theory, the book that has done the greatest harm to Economic Science has been Friedman's Essays in Positive Economics (Hayek, 1994, pp. 145).The failure of democracy and classical liberalism: the triumph of statismAs we see, many classical liberals and advocates of liberal democracy have also acted as "useful innocents." The fatal error of classical liberals lies in the failure to realize that their program is theoretically impossible, because it incorporates within itself the seeds of its own destruction, precisely to the extent that it considers necessary and accepts the existence of a State (even if it is "minimal") understood as the monopolistic agency of institutional coercion. Therefore, the great error of classical liberals is very basic: they believe in a program of political action and economic doctrine that aims to limit the power of the State, while at the same time accepting it and even considering state's existence necessary. However Economic Science has already shown that the State is unnecessary, that statism (even in its minimal form) is theoretically impossible, and that, given human nature, once the State exists, it is impossible to limit its power. On the other hand, liberal democracy is a concept as naïve as it is impossible. Mises already warned us that democracy could only function if all its participants accepted the classical liberal principles, which is impossible because democracy itself encourages and amplifies vote-buying and the partisan use of power. So, the inevitable conclusion is that "liberal democracy" is a contradiction in terms as absurd as speaking (following Anthony de Jasay) of a “square circle,” of “hot snow,” or of a “virgin prostitute” (A. de Jasay, 1990). And even Hayek considered democracy unworkable if it is understood as the exercise of absolute power by majorities (Kratos in classical Greek). It should therefore come as no surprise that democracy once and again tends to be a perverse system based on lying and buying votes with money stolen through taxation.The fact is that the State attracts like a magnet the worst passions and vices of human nature, for instance, when individuals try to obtain rents produced by others using the State's coercive power. Moreover, the combined effect of the privileged groups, the phenomena of governmental myopia and vote-buying, the megalomaniacal character of politicians, and the irresponsibility and blindness of bureaucracies generate a dangerous, unstable and explosive cocktail, continually shaken by social, economic, and political crises which, paradoxically, are always used by the political caste to justify further doses of intervention and statism that, instead of solving problems, further aggravate them. Statism therefore corrupts the entire social body and at the same time blocks the spontaneous and free market solutions of social and economic problems.In fact, the State has become the "idol" that almost everyone turns to and worships. Statolatry is the most serious and dangerous social disease of our time. We are educated to believe that all problems can and must be detected and solved by the State. Our destiny depends on the State, and the politicians who control it are expected to guarantee everything our well-being may require. Human beings remain immature and rebel against their own creative nature, which makes their future always uncertain. They demand a crystal ball that assures them not only knowing what will happen, but also that any problems that arise will be solved for them. This "infantilization" of the masses is encouraged by politicians, as it justifies their own existence and ensures their popularity, position of dominance, and capacity to control. In addition, a whole legion of intellectuals, so-called "experts," and social engineers join in this arrogant intoxication of power. Not even the Church and the most respectable religious denominations have been able to realize that statolatry today constitutes the principal threat to the free, moral, and responsible human being; that the State is a false idol of immense power, worshipped by all, and that does not allow Humanity to be free from its control or have moral or religious loyalties beyond those the state can dominate. Furthermore, it is kept hidden from the public that the state is the true source of social conflicts and evils, and "scapegoats" (such as "capitalism" or private property) are blamed for the problems, and they become the goal of the most serious condemnations, even from moral and religious leaders, almost none of whom have realized the deception or dared to denounce that statolatry is the main threat in the present century to religion, morality, and, therefore, to human civilization.Perhaps the main exception within the Church is included in the brilliant biography of Jesus of Nazareth written by Benedict XVI. That the State and political power constitute the institutional incarnation of the Antichrist should be obvious to anyone with a minimal knowledge of history who reads the former Pope's considerations on the most serious temptation that the Evil One can present to us (and I quote Ratzinger literally): "The tempter is not so crude as to propose to us directly the worship of the devil. He merely proposes that we opt for the rational solution, that we prefer a planned and organized world in which God may have a place as a private spiritual matter, but must not be allowed to interfere in our essential purposes. Soloviev attributes to the Antichrist a book entitled The Open Road to World Peace and Prosperity; it becomes the new Bible, and its core message is the worship of well-being and rational planning," by the state (Ratzinger, 2007). And so, we should not be surprised that, for example, the great author of The Lord of the Rings, J. R. Tolkien, whose Catholic anarchism I fully share, went so far as to say that he would arrest anyone for simply daring to pronounce the word "State." Because the State is, always and everywhere, a reality of violence and systematic coercion against the most intimate essence of the human being, which is his capacity to act freely, creatively, and spontaneously; and so, it is unavoidable to conclude that the State is essentially immoral and that statism constitutes the principal threat to humankind.A theological digression: the dismantling of statism as a logical necessity inseparable from the work of GodAnd almost without realizing it, we can go ahead with a theological digression on how dismantling the State is a logical and moral necessity inseparable from the work of God. I fully understand that referring to God in this conference may come as a shock to many of those present, but I would ask that even those who do not believe in God, at least for dialectical purposes, make an effort of imagination and, for the next few minutes, imagine that God does indeed exist.And what do we mean by God? We must understand God to be a Supreme Being, Creator out of love for all things. And the most important creature that God has created is precisely the human being: in His image and likeness. And if there is a point of connection between God and man, it is precisely in the creative entrepreneurial ability: the capacity to discover, to see, and to create new things, goals and actions. But now I am going to go one step further and attempt to demonstrate that God is not only the Supreme, loving Creator of all things, but that—moreover—God is libertarian.And what does it mean to say that God is libertarian? It means that God, the Lord of all the Universe, has absolute power over it, and yet He chooses not to use force, but always leaves his creatures free. To the point that He gives human beings the freedom to rebel against Him; even though, again and again, God forgives human beings and allows them to rise up and begin anew.God always lets the universe He has created, flow in a spontaneous manner ("laissez faire, laissez passer, le monde va de lui même" could be the motto of our libertarian God). And this despite the fact that human beings tempt God again and again and demand that He manifest His absolute power, that He give us clear and indisputable signs of His existence and supreme power in order for us to believe in Him. But of course, God does not accept our challenge. Why? Because love and liberty are inseparable, and a forced conversion, for example by an evident cataclysm, would be completely contrary to that liberty with which God has created human beings out of love.Moreover, the Kingdom of God is not of this world; Jesus himself says this to a fearful Roman state official, who was also in charge of judging him: "My kingdom is not of this world." Does this mean that there are two types of kingdoms? The kingdoms of this world or States, which would be legitimate at their own level (remember "render unto Caesar the things that are Caesar's"), and the Kingdom of God, of ("render unto God the things that are God's"). That is the standard interpretation that has prevailed until now, but I think is completely wrong. The Kingdom of God—which is the exact opposite of the kingdoms or States of this world—never makes systematic use of violence and coercion: it is a Kingdom that has already come to us and, moreover, has been given to us freely, in an act of immense mercy and love (Deus caritas est). And just as the hateful institution of slavery came to an end, the Kingdom of God will also dismantle the kingdoms of this world, the states of this world, or as St. Paul said, of every principality, power, and glory (Ephesians 1:21-23), because God is libertarian and man is made in the image and likeness of God.Ludwig von Mises, in his book Interventionism, introduced the term "destructionism" to refer to the economic and social effects of statism. If Evil (represented by statist destructionism in Mises' terminology) were to prevail, the human race and civilization would have disappeared long ago. The fact that, despite everything and the immense power of seduction of statism over humankind, the process of social cooperation continues to unfold and even prosper in certain historical periods and geographical areas, is a clear manifestation that God does not abandon the world nor leave libertarians alone in their struggle against the Evil; and that Good, represented by liberty, the principle of non-aggression, the spontaneous order of the market, entrepreneurial creativity and coordination, and above all, moral principles, always with God's help, prevails and is capable of overcoming Evil, represented by the fatal conceit of the statist ideal and the destruction that it produces.And now I will finish with some thoughts on anarcho-capitalism as the only possible system of social cooperation truly compatible with human natureAnd now I will finish with some thoughts on anarcho-capitalism as the only possible system of social cooperation truly compatible with human nature. The most important intellectual and moral event that is taking place nowadays is the full fusion between Christianity and anarcho-capitalism. Because anarcho-capitalism is the only possible system of social cooperation that is truly compatible with human nature. Anarcho-capitalism is the purest representation of the spontaneous market order in which all services, including law, justice, and public order, are provided through a voluntary process of social cooperation. In this system, no area is closed to the drive of human creativity and entrepreneurial coordination; efficiency and justice in the resolution of problems are simultaneously enhanced, while the conflicts, inefficiencies, and discoordinations generated by the State are eradicated at their root.The progressive abolition of States and their gradual replacement by a dynamic network of private agencies different legal systems, and providing all kinds of prevention and defense services, constitutes the most important social transformation that will take place in the twenty first century. Without forgetting that exactly what prevents us from knowing with precision what the future without the state will look like, the creative nature of entrepreneurship, is what gives us the peace of mind of knowing that any problem will tend to be resolved and overcome, once the entrepreneurial effort and creativity of Humanity are devoted to its solution (Kirzner, 1985).Therefore, the revolution against the “Old Régime” carried out in the eighteenth and nineteenth centuries by the old classical liberals, today finds its natural continuation in the anarcho-capitalist revolution of the twenty-first century. The message of anarcho-capitalism is clearly revolutionary. Revolutionary in terms of its goal: the dismantling of the State and its replacement by a competitive market process consisting of a network of private agencies, associations, and organizations. And revolutionary in terms of its means, especially in the scientific, economic-social, and political fields:a) First, Scientific revolution, in the field of Economic Science, which becomes the general theory of spontaneous market order extended to all social areas. And by contrast and opposition, the theory and analysis of the effects of social discoordination generated by statism in any sphere in which it operates, as well as the study of the transition process from the State towards liberty.b) Second, an Economic and social revolution, as we cannot even imagine today the immense human achievements and discoveries that could be made in an entrepreneurial environment totally free from statism. Today, and despite continuous governmental harassment, an unknown civilization is already developing, with a degree of complexity that is beyond the reach and control of the state, and which will achieve unlimited expansion once it manages to completely rid itself of statism. And when human beings become more and more aware of the perverse nature of the State that restricts them, and of the immense possibilities that are frustrated each day when the State blocks the driving force of their entrepreneurial creativity, the social demand to reform and dismantle the State will multiply creating a future that is largely unknown to us but that will elevate human civilization to heights that we cannot even imagine today.c) And finally, a political revolution in which, although day-to-day political struggle is important, it should not be the top priority. It is true that the least interventionist alternatives must always be supported, in clear alliance with the efforts of classical liberals in their long term impossible democratic limitation of the State (including reforms such as those proposed by Hayek in the third volume of Law, Legislation, and Liberty). But the anarcho-capitalist does not stop at this task, for he knows that he can and must do much more. He knows that the ultimate goal is the total dismantling of the State, and this goal leads all his imagination and political action in everyday life. And here we cannot fail to mention the unprecedented impact of our disciple and follower of our Master Program in Austrian Economics in Madrid, the President of Argentina, Javier Milei, who has done more than anyone else before to disseminate the principles of the Austrian School and the anarcho-capitalist ideal. Principles that he never ceases to quote and explain and defend once and again in all his public appearances, from the United Nations to the Davos Forum; and in all his meetings with other Heads of State, universities, and parliaments, to whom he even gives copies of the most important Austrian works by Mises, Hayek and even myself, as he did, for example, with the two popes, Francis and Leo XIV, with the French President Macron, the Italian Prime Minister Meloni, and even with Elon Musk. For us, it is a great honor that Milei has, to a large extent, emerged from the Austrian School of Madrid and that he continually keeps drawing inspiration from us. This is, without a doubt, much more important than incremental political steps in the right direction—which should of course be welcomed—and that should never fall into a political pragmatism that could betray the ultimate goal of achieving the end of the State (Huerta de Soto, 2010).And all this with tireless enthusiasm in the search for scientific and moral truth, an attitude that, inspired by the immortal work of Miguel de Cervantes, we could describe as follows: "It matters not whether they be giants or windmills, when the plume of our helm is stirred by the winds of tenacity and faith." And always creating a future that, although it may seem distant today, may at any moment witness giant steps that will surprise even the most optimistic among us. History has entered into an accelerated process of change which, although it will never stop, will open a whole new chapter when humankind finally succeeds in ridding itself definitively of the State, reducing it to no more than a dark historical relic of tragic memory.Thank you very much.REFERENCESBASTIAT, Frédéric: Selected Essays on Political Economy, Foundation for Economic Education, New York 1995.DE LA BOÉTIE, Étienne: The Politics of Obedience: The Discourse of Voluntary Servitude, Free Life Editions, Nueva York 1975.BÖHM-BAWERK, Eugen von: Karl Marx and the Close of His System, Augustus M. Kelley, Nueva York 1949."The Exploitation Theory," Capital and Interest, Vol. I: History and Critique of Interest Theories, Libertarian Press, South Holland 1959.HAYEK, Friedrich A. von: The Counter-Revolution of Science, Free Press, New York, 1955.Hayek on Hayek: An Autobiographical Dialogue (eds. Stephen Kresge and Leif Wenar), University of Chicago Press, Chicago 1994.Law, Legislation and Liberty, Vol. III: The Political Order of a Free People, Routledge & Kegan Paul, London 1979.The Fatal Conceit: the Errors of Socialism, The University of Chicago Press, Chicago 1988."The Pretence of Knowledge," in New Studies in Philosophy, Politics, Economics and the History of Ideas, University of Chicago Press, Chicago 1978.HUERTA DE SOTO, Jesús: Socialism, Economic Calculation and Entrepreneurship, Edward Elgar, Cheltenham y Northampton 2010."A Hayekian Strategy to Implement Free Market Reforms," in Theory of Dynamic Efficiency, Routledge, Oxfordshire, 2010.Proyecto Docente, Chapter I: "Ciencia y Economía," Rey Juan Carlos University, Madrid 2000.The Austrian School: Market Order and Creative Entrepreneurship, Edward Elgar, Cheltenham y Northampton 2008.DE JASAY, Anthony: Market Socialism: A Scrutiny, published by the Institute of Economic Affairs, Occasional Paper no. 84, 1990.KIRZNER, Israel: "The Perils of Regulation: A Market Process Approach" in Discovery and the Capitalist Process, University of Chicago Press, 1985.LIGGIO, Leonard: "The Hispanic tradition of Liberty," published in Procesos de Mercado: Revista Europea de Economía Política, vol. XXII, nº 1, Summer 2025, pp. 403-420.MARTÍNEZ MARINA, Francisco: Teoría de las cortes o grandes juntas nacionales de los reinos de León y Castilla, Collado, 1820.MILEI, Javier: Capitalism, Socialism, and the Neoclassical Trap, in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume II (editors Howden, D., Bagus, P.), Palgrave Macmillan, Cham, 2023.MISES, Ludwig von: Socialism: An Economic and Sociological Analysis, Jonathan Cape, London 1936.Planned Chaos, Foundation for Economic Education, Irvington-on-Hudson 1947.OPPENHEIMER, Franz: The State, Vanguard Press, Nueva York 1926.POPESCU, Oreste: Studies in the History of Latin American Economic Thought, Routledge, London 1997.POPPER, Karl: The Open Society and its Enemies, Princeton University Press, Princeton 1966.RATZINGER, Joseph. Jesus of Nazareth: From the Baptism in the Jordan to the Transfiguration. Translated by Adrian J. Walker. Doubleday, New York, 2007.ROTHBARD, Murray N.: "New Light on the Prehistory of the Austrian School," in The Foundations of Modern Austrian Economics (editor Edwin G. Dolan), Sheed and Ward, Kansas City 1976, pp. 52–74.Anatomy of the State, Ludwig von Mises Institute, Auburn 2009.SALERNO, Joseph. "Milton Friedman's Views on Method and Money Reconsidered in Light of the Housing Bubble", in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, (editors Howden, D., Bagus, P.), Palgrave Macmillan, Cham, 2023.STIGLER, George: The Citizen and the State, University of Chicago Press, Chicago, 1975, pp. 1-13.

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

Kyle discusses the investing evolution of John Maynard Keynes and the timeless lessons modern investors can draw from his successes and failures. IN THIS EPISODE YOU'LL LEARN: 00:00:00 - Intro 00:03:50 - Why John Maynard Keynes is such a fascinating case study in evolving as an investor 00:08:28 - A key resource that helped him think of assets from a bottom-up approach 00:10:59 - Why Keynes's experiences of going broke multiple times helped shape him into a long-term thinker 00:17:13 - How he thought about speculation and investing, and used that to beat the market 00:28:16 - How he improved his temperament, overcame overconfidence, and adopted a long-term mindset 00:36:21 - His thoughts on diversification and reducing risk 00:41:30 - Why he believed that markets were social systems, and the errors that exposed investors to 00:50:25 - What he thought about short-term volatility 01:01:16 - Why Keynes used adaptability as such a powerful tool 01:03:50 - Six impactful takeaways Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Learn how to join us in Omaha for the Berkshire meeting ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Read ⁠Keynes and the Market⁠. Read ⁠Concentrated Investing⁠. Follow Kyle on ⁠X⁠ and ⁠LinkedIn⁠. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Simple Mining⁠ ⁠Unchained⁠ ⁠Masterworks⁠ ⁠Netsuite⁠ ⁠Vanta⁠ ⁠Shopify⁠ ⁠Fundrise⁠ References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Alex Howlett, an independent scholar affiliated with The Greshm Institute, discusses Universal Basic Income (UBI). Beginning with Modern Monetary Theory (MMT), an offshoot of post-Keynesianism, he addresses its key principles: notably Keynes' belief that the Great Depression was caused by a deficiency in aggregate demand, leading to sustained involuntary unemployment that the market could not self-correct. Howlett deflates Keynesian theory that assumes that economic policy aims for full employment, asking, “To what extent actually does it make sense for people to be workers?” while explaining that labour is not the most effective or efficient way to get money to people. Howlett sees UBI as solving this problem of distributing money to people while dispensing with the need to ensure that everyone has a job, dispelling the notion that only if every single person is working can an economy run at full capacity. Assessing some of the major criticisms of UBI—from fiscal feasibility, economic incentives, and social justice—he responds to the fears of inflation, worries that borrowing will lead to reckless fiscal policy and a loss of central bank independence, or that UBI would dismantle already established welfare programmes. Responding to counter-arguments to UBI, such as the claim that the economy will not have the labour pool it requires or that people won't be working as much, Howlett turns these arguments on their head demonstrating how the demand for labour is artificially inflated as a way of getting people jobs, noting the historical overstimulation of the financial sector to encourage firms to borrow so they hire workers. Howlett contends that with UBI, the economy does not have to play into the push and pull of labour supply and demand, stating, “You hear this fear that people aren't going to work as much at the same time that you hear this fear that there aren't going to be enough jobs available, right? It's like, well, wait a minute…. Isn't it good if those things kind of go together?” Get full access to Savage Minds at savageminds.substack.com/subscribe

La economía estudia la asignación de unos recursos escasos y en la resolución de este problema ético, la filosofía es de mayor utilidad que las matemáticas. María Blanco quiere saber cómo se ha estudiado la economía a lo largo de los siglos. Esta ciencia se matematizó en la segunda mitad del siglo XX por culpa de Paul Samuelson, quien representaría mediante complejas ecuaciones las funciones de la oferta y la demanda. No siempre fue este el método de estudio, los primeros economistas se asemejaban más a los filósofos. Antes de escribir La riqueza de las naciones, Adam Smith había publicado La teoría de los sentimientos morales, un tratado sobre la moral. Por suerte, todo río regresa a su cauce. La economía del siglo XXI será filosófica, no matemática.Kapital es posible gracias a sus colaboradores:⁠Thenomba⁠. La escuela que te hará encontrar tu propósito.Thenomba es la escuela que te prepara para encontrar un propósito, no un trabajo.Me han hecho embajador del máster y puedo ofrecerte un descuento especial en el precio. Si quieres matricularte, utiliza el código KAPITAL20 para llevarte una rebaja del 20%. 42 oyentes de este podcast ya utilizaron el código en la exitosa edición de diciembre. Si te preguntas si esto encaja contigo, te recomiendo simplemente escuchar los episodios de hace unas semanas con Higinio Marín y Ricardo Piñero. Higinio y Ricardo son dos de los profesores del máster y esas dos entrevistas reflejan la vocación humanista de su programa. Si resuenan en tu cabeza algunas de las ideas de esas conversaciones, entonces Thenomba es para ti.Patrocina Kapital. Toda la información en este link.Índice:0:32 Un empresario paga costes antes de conocer beneficios.8:18 Valor contraintuitivo de Mercadona.14:23 Compañía de las Indias Orientales.21:04 Todos somos empresarios.32:24 Economistas con vidas de película.39:55 Batalla de gallos entre Keynes y Hayek.46:46 Innecesaria matematización de la economía.49:50 Las movidas de Veblen.54:02 Académicos multidisciplinares.1:06:20 ¿Es un historiador optimista sobre el futuro?1:15:54 Escuela de Salamanca.1:24:04 Solo los judíos podían prestar con interés.1:29:43 Tigres, leones, todos quieren ser los campeones.1:38:26 Es más fácil contar pobres que contar ricos.Apuntes:La riqueza de las naciones. Adam Smith.La teoría de los sentimientos morales. Adam Smith.Risk, uncertainty and profit. Frank Knight.The capitalist and the entrepreneur. Peter Klein.Start-up nation. Dan Senor & Saul Singer.Tratado de economia politica. Jean Baptiste Say.La acción humana. Ludwig von Mises.Teoría general de la ocupación, el interés y el dinero. John Maynard Keynes.Principios de economía política y tributación. David Ricardo.Hacia la estación de Finlandia. Edmund Wilson.Teoría de la clase ociosa. Thorstein Veblen.Economical writing. Deirdre McCloskey.Armonías económicas. Frédéric Bastiat.Bastiat as an economist. María Blanco & Carlos Rodríguez Braun.

Patricia and Christian talk to economist and author Dr Phil Armstrong about the least useful pieces of economic commentary from the last 12 months.   In this episode: "Sure, the government *can* create money… (but it shouldn't)" "It's okay for the government to 'borrow'… if it's investing" "The national debt is a time bomb!" "Government 'borrowing' is okay… when interest rates are low"   More to follow in part 2   Full conversation here: https://www.patreon.com/posts/150931987?pr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   ******************************** STOP PRESS!!  JOIN PATRICIA AND MMT CO-FOUNDER PROFESSOR BILL MITCHELL AT THE LAUNCH OF A NEW DEDICATED MODERN MONETARY THEORY THINK TANK - MMTUK POLICY RESEARCH GROUP!  7pm on Wednesday 25 February at Friends Meeting House, London Click here to register as an attendee: https://actionnetwork.org/events/mmtuk-launch-event/ MMTUK will be publishing its Job Guarantee policy on 25th February - read a short intro here: https://mmtuk.org/job-guarantee  ********************************   Relevant to this episode: Join Patricia and Phil (and many more) at Scotland's Festival of Economics (Edinburgh and online) 19th - 21st March 2026: https://www.scoteconfest.org/#learnmore Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR "The self-financing state: An institutional analysis of government expenditure, revenue collection and debt issuance operations in the United Kingdom" (Berkeley et al, 2022): https://www.ucl.ac.uk/bartlett/sites/bartlett/files/the_self-financing_state_an_institutional_analysis_of_government_expenditure_revenue_collection_and_debt_issuance_operations_in_the_united_kingdom.pdf For more on the (Liz) Trussageddon, listen to Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 "How to Fight Back Against the False Idea that the Government is at the Mercy of Financial Markets" by Sheridan Kates: https://thealternative.org.uk/dailyalternative/2025/3/10/scotonomics-monetary-autonomy "There is no need to issue public debt" by Bill Mitchell: https://billmitchell.org/blog/?p=31715 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2):  https://www.patreon.com/posts/29829500 "Federal Debt and Modern Money" by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922     Podcast Description In this compelling first part of their annual Fauxbel Prize discussion, Patricia Pino and Christian Reilly are joined by economist Dr Phil Armstrong to dissect the most deceptive economic talking points of 2026. What emerges is a masterclass in identifying the subtle linguistic tricks that maintain public misunderstanding about how government finance actually works. The conversation begins with Christian's astute observation about the phrase 'the government *can* create money' - a seemingly innocent statement that actually perpetuates dangerous misconceptions. As the panel explores, there's a world of difference between saying the government 'can' create money versus acknowledging that it 'does' create money with every pound it spends. This distinction matters because it allows economists and pundits to maintain outdated frameworks whilst appearing to acknowledge MMT insights. Dr Armstrong brings his characteristic clarity to explaining the consolidated view of government and central bank operations, illustrating why all government spending necessarily involves money creation. Using vivid analogies - from goldfish that must swim in water to the government's unique relationship with the Bank of England - he demonstrates why currency-issuing governments are fundamentally different from currency users like households or businesses. The discussion then tackles the politically damaging notion that governments should only 'borrow to invest'. Patricia explains why this framing misunderstands the true function of deficits whilst inadvertently supporting neoliberal arguments for privatisation. The panel reveals how this seemingly progressive talking point actually reinforces the household analogy and hands ammunition to fiscal conservatives. In his analysis of the 'public debt time bomb' narrative, Phil turns conventional wisdom on its head by pointing out that if foreign debt holdings were truly a source of power, then Britain - as the second-largest holder of US Treasury securities - would presumably have a decisive degree of control over America's economic destiny. Throughout, the conversation illuminates core MMT principles: the operational reality of government spending, the true nature of government bonds as private sector savings, and why exchange rate concerns, whilst legitimate, shouldn't drive us back to defunct fiscal rules. The panel's analysis reveals how even well-intentioned progressive economists can inadvertently perpetuate harmful misconceptions about monetary sovereignty.   =========== Key Topics with Timestamps [02:15] Introduction to the Fauxbel Prize concept[05:30] "Government can create money" vs "does create money"[12:45] The consolidated view of government and central bank[18:20] Why all government spending is money creation[25:10] "Borrowing to invest" - the progressive own goal[35:45] Historical context: Keynes and bifurcating budgets[42:30] The "Tap" system vs bond auctions[48:15] "Public debt = time bomb" narrative analysis[55:40] Exchange rate concerns and industrial policy   ========= Guest Bio Dr Phil Armstrong - Economist and author of "Can Heterodox Economics Make a Difference?". Researcher with expertise in monetary operations and MMT analysis. Key Takeaways Language matters: The difference between "can" and "does" in describing government money creation shapes public understanding All government spending creates new money: Currency-issuing governments cannot spend previously collected money - every expenditure creates new money The "government borrowing to Invest" narrative is counterproductive: This framing reinforces household analogies and supports privatisation arguments A government "debt" clock is a national SAVINGS clock: Government debt represents private sector savings, not a burden Exchange rate policy needs strategy: Arbitrary fiscal rules won't address structural economic vulnerabilities   ===============   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   Scotland's Festival of Economics (Edinburgh and online)  19th - 21st March 2026: https://www.scoteconfest.org/#learnmore   JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/151023856

For today's episode, host Josh Sidman sat down with Carlos Louge to discuss the life and ideas of Silvio Gesell (specifically, his thoughts on Keynes).Carlos Louge is the Founder and Director of the Silvio Gesell Institute in Buenos Aires, Argentina. A lawyer and economist by training, Carlos has worked in the areas of alternative exchange systems and complementary currencies since the 1990s. He has written numerous articles as well as a book entitled Keynes and Gesell: A New Paradigm, in which he argues that many of the core ideas in The General Theory were previously developed by Gesell during his years in Argentina. He furthermore advocates for a more inclusive view of economic history, making the argument that many ideas which are ascribed to European and American thinkers were developed decades and even centuries earlier in South America.To check out more of our content, including our research and policy tools, visit our website: ⁠https://www.hgsss.org/⁠ 

Last episode, we talked about the brewing conflict between what currently passes for mainstream conservatism and the schizophrenic reactionary Groyper politics of Nick Fuentes. Subscribe on Patreon to support making this show, get premium only episodes, and listen to our entire back catalog. patreon.com/wetwired We wrapped things up with the idea that conservatism has never really bothered to conserve anything. Aside from a few exceptions, most of the time they keep themselves busy fighting culture wars about immigration, civil rights, women's rights, Christianity, and demonizing organized labor. What they keep trying to “conserve” is whatever the status quo power dynamic was when their grandad was a kid.  After the Civil War, they wanted slavery back. Women's suffrage, desegregation—they wanted to get rid of all those things. This isn't the first fight inside conservatism. As part of its periodic reinvention of itself, conservatives have gone back to the political well and dredged up the same slogans more than once. We tied this malleable idea of conservatism in with the evolution of the field of unashamed ideological political economists into what we now think of as the pseudoscience of Economics. At least the political economists were up front about whatever ideological bent they had. If you were a socialist, you'd start with your convictions about socialism being the absolute best way of running society on offer, and they work to come up with an economic theory or plan that made it seem possible. It was honest. By the time the 1800s were wrapping up, that wasn't good enough. Economists wanted to be taken more seriously, so they started dressing the whole thing up like they were doing physics or pure math. They could talk about whatever economic system as if they were describing the laws of nature. That didn't get rid of the ideology, though. It just buried it under metric tons of academic jargon and complicated formulas. After all, what's the difference between modeling a tsunami and a stock market crash? The answer is that the tsunami wasn't caused by Goldman Sachs and JP Morgan. That all brings us around to FDR's New Deal and the era of John Maynard Keynes and what Matt Christman has called his "Keynesian machine for dispensing treats". As many contradictions as Keynes gathered into his economic model, it remains the only proven way to maintain capitalism. To set the tone, David Talbot has a quote in his book The Devil's Chessboard about Bertie Pell, a friend of FDR's who Talbot described as a “full-on traitor to his class”. “I am almost the last capitalist who is willing to be saved by you,” Pell wrote Roosevelt in 1936 in a letter beseeching the president to draft him for the New Deal cause. The following year, Pell wrote again, praising FDR's accomplishments: “Your administration has made possible the continuance of American institutions for at least fifty years. You have done for the government what St. Francis did for the Catholic Church. You have brought it back to the people.” It turns out Pell was eerily correct. Those institutions managed to last just a little longer than 50 years. They are about gone now, though. Our long promised merch is here!! Fly your crypto-leftist flag with our personal love letter to Juan José Arévalo, philosopher and socialist president of Guatemala, and the airline he nationalized. wetwired.printful.me/ Subscribe on Patreon to support making this show, get premium only episodes, and listen to our entire back catalog. patreon.com/wetwired Music:Airglow - Spliff and Wesson (CC-BY)

Thanks for your support! We couldn't do this without you. For more content, early access and the chance to put questions to future guests, join our community on Substack HERE: https://open.substack.com/pub/winstonmarshallIn this episode of The Winston Marshall Show, I sit down with historian and peer Lord Andrew Roberts for a sweeping conversation on Britain after 1945, the defeat of Churchill, and the post-war settlement that shaped the modern world.We begin with why Winston Churchill lost the 1945 general election, despite winning the war, and how promises of state provision, nationalisation, and the Beveridge Report reshaped British politics. Lord Roberts explains how wartime socialism, propaganda, and unrealistic expectations laid the foundations for decades of economic stagnation.The discussion explores Britain's post-war decline, austerity, debt, and the illusion of prosperity created by Lend-Lease, Marshall Plan aid, and Keynesian economics. We examine why Germany and Japan rebuilt faster than Britain, how trade unions and high taxation crippled growth, and why successive governments chose to manage decline rather than confront it.We also discuss immigration, the welfare state, deindustrialisation, and how the failures of the 1945 settlement echo through Brexit, Trump, globalisation, and the collapse of the rules-based international order. Lord Roberts reflects on NATO, the United Nations, American power, and why the West now faces a historic turning point.A wide-ranging and authoritative conversation about history, power, leadership, and whether Britain can rediscover the courage to reverse its long decline.-----------------------------------------------------------------------------------------------------------------------WATCH EXTENDED CONVERSATION HERE: https://open.substack.com/pub/winstonmarshall/p/why-winston-churchill-lost-the-1945?r=18lfab&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true-----------------------------------------------------------------------------------------------------------------------FOLLOW ME ON SOCIAL MEDIA:Substack: https://www.winstonmarshall.co.uk/X: https://twitter.com/mrwinmarshallInsta: https://www.instagram.com/winstonmarshallLinktree: https://linktr.ee/winstonmarshall----------------------------------------------------------------------------------------------------------------------Chapters 00:00 Introduction 02:23 Why did Churchill lose the 1945 Election05:00 Appeasement, Blame & the Conservative Collapse06:34 The Beveridge Report & the Dream of a New Jerusalem10:51 War Socialism, Lend-Lease & National Delusion12:36 Bankruptcy, Austerity & Britain's Financial Reality14:28 Why Germany & Japan Recovered Faster17:24 Keynes, American Loans & Avoiding Collapse22:23 The Marshall Plan & Stopping European Communism24:09 Learning the Wrong Lessons from Victory28:04 Trade Unions, Inflation & the Road to the 1970s33:24 Immigration After the War & Changing Britain39:35 Corelli Barnett & Britain's Long Economic Decline54:43 The Revolt Against the 1945 Settlement1:07:43 Leadership, Thatcher & Britain's Future Hosted on Acast. See acast.com/privacy for more information.

Since our species first emerged on the planet some 300,000 years ago, the overriding problem for most humans has been the struggle for food and shelter. But in 1930, the British economist John Maynard Keynes foresaw that economic growth (despite the Great Depression) would mean that in a century, the vast majority of people in developed societies would enjoy mass plenty and only a small number of unfortunates would still struggle with material deprivation. This would mean that “for the first time since his creation man will be faced with his real, his permanent problem — how to use his freedom from pressing economic cares, how to occupy the leisure which science and compound interest will have won for him, to live wisely and agreeably and well.” But Keynes worried that transitioning to this new problem would present huge difficulties for humanity: “there is no country and no people, I think, who can look forward to the age of leisure and abundance without dread.”Brink Lindsey, senior vice president at the Niskanen Center, has written a visionary new book addressing Keynes' conundrum. In The Permanent Problem: The Uncertain Transition from Mass Plenty to Mass Flourishing, Lindsey ponders the paradox that people in developed countries live in conditions of unparalleled wealth, health, and technological progress — and yet most people feel disappointment rather than gratitude at the results. We enjoy an abundance of material goods, yet most people are missing out on the sense of meaning, purpose, and belonging that define human flourishing.In this podcast discussion, Lindsey describes the “triple crisis of capitalism” that has brought material prosperity but also social disintegration, sputtering dynamism, and dysfunctional politics. But he also sees encouraging signs that point toward how mass flourishing might be accomplished in developments that include new technological breakthroughs and the growing Abundance movement. Ultimately he hopes for a future in which people will have closer relationships with each other as well as the natural world, and in which humanity's drive to explore and understand will reach into the larger universe. “Our destiny is up to us,” he concludes, “and therefore we should make the most of that chance. We ought to aim high.”

The inevitable never happens. It is the unexpected always. -- J.M. Keynes 1938   Almost everyone plays with predicting the future. Persons who speak with presumed authority and say that some outlandish thing is inevitable often get a lot of media attention. The more media attention, the more people come to think that the outlandish thing really is inevitable. In warfare, I have lived through the inevitability of guerilla warfare as the model for all future warfare; the inevitable demise armored warfare, the transformation of maneuver warfare; counter-insurgency warfare as the inevitable future war form; and more recently, that drones will so dominate the battlefield, that all previous forms of warfighting will be obsolete. In my opinion, inevitability has a rather bad track record. From time to time in these podcasts, I will revisit some of these predictions and see which of these were inevitable and which were overcome by reality.   The information in these podcasts is solely my own opinion and do not represent the position of the U.S. Department of Defense, or any other organization I am or have ever been associated with.   Certified 100% natural intelligence. No artificial intelligence was used in making this podcast.   References: Pournelle, J., The Mercenary, (1977, republished 1986, ISBN 9780671655945) Recompiled with other works of the series and published as: Pournelle, J. and Stirling, M., The Prince (2002) (ISBN 0-7434-3556-7) Heinlein, R., Starship Troopers, (1959) ISBN 978-0450044496 Music: Kiilstofte, P. Mercenaries, Machinamasound (Licensed)

¿Sabías que el manual de economía más vendido de la historia estuvo a punto de ser censurado por "herejía"? ¿O que su autor rechazó un puesto en la Casa Blanca porque prefería el aplauso de sus colegas académicos? En este episodio de Economía desde mi sofá viajamos a 1970 para conocer a Paul Anthony Samuelson, el primer estadounidense en ganar el Premio Nobel de Economía y el hombre que cambió para siempre la forma en que entendemos el dinero, los mercados y el Estado. Desde su infancia en una ciudad industrial del acero hasta convertirse en el "Mozart de la Economía" en el MIT, repasamos la vida de un genio que se atrevió a corregir a sus profesores y a traducir la economía al lenguaje de las matemáticas. 🎙️ En este episodio descubrirás: El origen del genio: Cómo una clase a las 8:00 de la mañana en plena Gran Depresión cambió su vida. La "Síntesis Neoclásica": El momento en que Samuelson unió el libre mercado con las ideas de Keynes (y creó la economía mixta en la que vivimos hoy). El libro prohibido: La historia oculta detrás de su famoso manual Economics y por qué no pidió un anticipo millonario. Samuelson vs. Friedman: La fascinante rivalidad intelectual y amistad personal con el líder de la Escuela de Chicago. Si alguna vez has escuchado hablar de inflación, tipos de interés o déficit, estás hablando el idioma que Samuelson ayudó a crear. ¡Dale al play y descubre por qué! Si te gusta ❤️ entender la economía sin tecnicismos, suscríbete y comparte este episodio. Ayudas mucho a que el podcast siga creciendo.

In the latest episode of The Break–Down, host Adrienne Buller is joined by renowned economist Ann Pettifor to discuss her new book, The Global Casino: How Wall Street Gambles with People and Planet.We've all heard the refrain. Whenever a politician proposes a policy that might genuinely improve people's lives — free and fast buses, affordable housing, large-scale renewable energy — the response is immediate: we can't afford it. Media pundits and technocrats fixate on national debt, balanced budgets and the need not to “spook” the ever-mysterious bond vigilantes.This obsession doesn't just dominate public debate — it paralyses action on the very challenges we urgently need to confront, from transforming our energy system to properly funding care for the most vulnerable.As this episode makes clear, it's also profoundly misleading.The Global Casino traces the extraordinary power of Wall Street, revisits Keynes's legacy, and asks a fundamental question: what is money, really? For Ann Pettifor, money is an extraordinary human invention — one that could be used to reshape our world for the better, rather than to enrich a powerful few.In today's episode, she explains how — and why it matters now more than ever.

Les multiplicateurs keynésiens, c'est une idée très simple et très puissante en économie : quand l'État dépense de l'argent, l'impact final sur l'économie peut être plus grand que la dépense de départ.Pourquoi ? Parce que l'argent injecté ne reste pas “immobile”. Il circule, il est dépensé, puis redépensé. Et à chaque étape, cette dépense devient le revenu de quelqu'un d'autre.Prenons un exemple. L'État décide d'investir 100 millions d'euros pour rénover des écoles. Cet argent est versé à des entreprises de bâtiment. Ces entreprises vont payer des salariés, acheter des matériaux, rémunérer des sous-traitants. Les salariés qui reçoivent ces salaires vont ensuite consommer : faire leurs courses, payer un plein d'essence, aller au restaurant. Les commerçants, en voyant leurs ventes augmenter, vont eux-mêmes commander davantage à leurs fournisseurs, payer plus d'heures à leurs employés, investir un peu. Et ainsi de suite.Au final, les 100 millions de départ peuvent produire 150 millions, 200 millions ou plus d'activité économique. Le multiplicateur keynésien, c'est précisément ce coefficient : combien d'euros de PIB sont créés au total pour 1 euro de dépense initiale.Pour comprendre ce mécanisme, Keynes part d'une notion essentielle : la propension marginale à consommer. Autrement dit, quand un ménage gagne 1 euro de plus, est-ce qu'il le dépense ou est-ce qu'il le garde ? Si, en moyenne, les ménages dépensent 80 centimes sur chaque euro supplémentaire, alors la relance est très efficace, car la consommation alimente en permanence une nouvelle vague de revenus.Dans un modèle simple, le multiplicateur est égal à 1 divisé par 1 moins cette propension à consommer. Si les ménages consomment 80% d'un revenu supplémentaire, alors le multiplicateur est 1 / (1 – 0,8), soit 5. Dans ce cas théorique, 100 millions de dépense publique peuvent créer jusqu'à 500 millions de PIB. C'est la version “pure” du raisonnement keynésien.Mais dans la réalité, le multiplicateur n'est pas toujours aussi élevé, parce qu'il existe des fuites. Une partie de l'argent est épargnée, donc ne circule pas. Une autre part sert à acheter des produits importés, donc la demande profite à l'étranger. Les impôts prélèvent aussi une partie des revenus. Et parfois, une relance trop forte peut générer de l'inflation ou pousser les taux d'intérêt à la hausse.Conclusion : le multiplicateur keynésien mesure la force d'une relance. Il est souvent plus élevé en période de crise ou de chômage, quand l'économie tourne au ralenti, et plus faible quand l'économie est déjà proche de ses limites. Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

The great John Maynard Keynes explained it a century ago. In his 1930 essay, "Economic Possibilities for our Grandchildren," Keynes predicted that the future would be defined by economic abundance rather than scarcity. But such a cornucopian future, Keynes warned, would create societies teetering perpetually on the brink of a nervous breakdown. Keynes' vision has been updated by Niskanen Center SVP Brink Lindsey in his new book, The Permanent Problem. Today's societies, the Thailand-based Lindsey observes, are all on the verge of nervous breakdowns triggered by economic prosperity rather than poverty. So the challenge today, he notes with his own Keynesian flourish, is transforming this mass plenty into mass human flourishing. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Kim Stanley Robinson discusses Real Utopian Futures. Find the feed of English episodes only here: https://www.futurehistories-international.com/ You can also import the RSS feed to your favorite app: https://www.futurehistories-international.com/feed.xml   Shownotes The reference page on Kim Stanley Robinson, his works, interviews, talks, etc. (including a discussion forum): https://www.kimstanleyrobinson.info/ Robinson, K. S. (2020). The Ministry for the Future. Orbit Books. https://www.orbit-books.co.uk/titles/kim-stanley-robinson/the-ministry-for-the-future/9780356508863/ Robinson, K. S. (2017). New York 2140. Orbit Books. https://www.orbit-books.co.uk/titles/kim-stanley-robinson/new-york-2140/9780356508788/ Robinson, K. S. (1988). The Gold Coast. Macmillan. https://us.macmillan.com/books/9780312890377/thegoldcoast/ Blumenfeld, J. (2024). Managing Decline. Cured Quail, Vol. 3. https://curedquail.com/Managing-Decline Blumenfeld, J. (2022). Climate Barbarism. Adapting to a wrong World. Constellations, 30, 162–178. https://onlinelibrary.wiley.com/doi/10.1111/1467-8675.12596 the quoted Kohei Saito video: https://youtube.com/shorts/WnvhD7p651M?si=SdfPftKOCJM6MS9j the lecture in which Kim Stanley Robinson talks about “futurecide” and “preemptive capitulation”: https://youtu.be/HpzXkpx29S4?si=PVlOE53Hj5-BZR5B reporting on and summary of the talk: https://www.ioes.ucla.edu/article/the-war-on-science-is-here-kim-stanley-robinson-says-its-just-the-beginning/ Löwy, M. (2005). What is Ecosocialism? Capitalism Nature Socialism, 16(2), 15–24. https://www.tandfonline.com/doi/abs/10.1080/10455750500108237 for an overview of the history and different schools of Ecomarxist/Ecosocialist theory: https://www.historicalmaterialism.org/ecology-marxism-andreas-malm/ on Anna Kornbluh: http://www.annakornbluh.com/ on Mass Extinction Events: https://www.nhm.ac.uk/discover/what-is-mass-extinction-and-are-we-facing-a-sixth-one.html Dressler, A. (2025). You have 100 ‘Energy Slaves'. The Climate Brink. https://www.theclimatebrink.com/p/you-have-100-energy-slaves on the 30 by 30 Biodiversity Goal: https://www.cop28.com/en/thought-leadership/The-30x30-Biodiversity-Goal-at-COP28 the International Maritime Organization: https://www.imo.org/ on the ‘Half-Earth Project': https://eowilsonfoundation.org/what-is-the-half-earth-project/ Wilson, E. O. (2016). Half-Earth. Our Planet's Fight for Life. Norton Books. https://wwnorton.com/books/9781631492525 Pendergrass, D. & Vettese, T. (2022). Half-Earth Socialism. A Plan to Save the Future from Extinction, Climate Change and Pandemics. Verso. https://www.versobooks.com/products/2650-half-earth-socialism one of the many interviews/talks in which Kim Stanley Robinson talks about science fiction as the realism of our times: https://youtu.be/p1wNhc46xjE?si=hOdKuwRQhef-9tLs on the Turing Test: https://en.wikipedia.org/wiki/Turing_test on Neoliberalism attaching itself to demands of the New Left: Boltanski, L. & Chiapello, E. (2018). The New Spirit of Capitalism. Verso. https://www.versobooks.com/products/1980-the-new-spirit-of-capitalism on Friedrich Hayek: https://en.wikipedia.org/wiki/Friedrich_Hayek Williams, R. (2015). Structures of Feeling. In: D. Sharma & F. Tygstrup (Ed.), Structures of Feeling. Affectivity and the Study of Culture (pp. 20-26). https://www.degruyterbrill.com/document/doi/10.1515/9783110365481.20/html on Keynesianism: https://en.wikipedia.org/wiki/Keynesian_economics Vogl, J. (2017). The Ascendancy of Finance. Polity Press. https://www.politybooks.com/bookdetail?book_slug=the-ascendancy-of-finance--9781509509294 Graeber, D. (2011). Debt. The First 5,000 Years. Melville House. https://files.libcom.org/files/__Debt__The_First_5_000_Years.pdf on Thomas Piketty: https://en.wikipedia.org/wiki/Thomas_Piketty on Gabriel Zucman: https://en.wikipedia.org/wiki/Gabriel_Zucman on the ‘Zucman tax': https://www.lemonde.fr/en/les-decodeurs/article/2025/09/23/zucman-tax-what-the-proposed-wealth-tax-would-mean-for-france_6745653_8.html on Carbon Taxes: https://en.wikipedia.org/wiki/Carbon_tax Sorg, C. (2023). Finance as a Form of Economic Planning. Competition & Change, 29(1), 17-37. https://journals.sagepub.com/doi/10.1177/10245294231217578 Sarkar, S. (2024). The Carbon Coin. An Eco-Speculative Approach to Decarbonisation in Kim Stanley Robinson's The Ministry for the Future. Green Letters, 28(4), 297–310. https://www.tandfonline.com/doi/full/10.1080/14688417.2025.2483998 A policy proposal on ‘Carbon Reward' from the same researcher whose earlier policy work inspired the ‘Carbon Coin' idea in The Ministry for the Future: https://deltonchen.substack.com/p/new-economic-blueprint-for-resolving see also: https://globalcarbonreward.org/newsletters/carbon-coin/ on Quantitative Easing: https://en.wikipedia.org/wiki/Quantitative_easing on Carbon Drawdown: https://en.wikipedia.org/wiki/Carbon_sequestration on Nicolas Stern: https://en.wikipedia.org/wiki/Nicholas_Stern,_Baron_Stern_of_Brentford on the Democratic Socialists of America: https://www.dsausa.org/ the Network for Greening the Financial System: https://www.ngfs.net/en on COP30 in Belém: https://unfccc.int/cop30 Solnit, R. (2022). Orwell's Roses. Penguin. https://www.penguinrandomhouse.com/books/607057/orwells-roses-by-rebecca-solnit/ Future Histories Episodes on Related Topics S3E47 | Jason W. Moore on Socialism in the Web of Life https://www.futurehistories.today/episoden-blog/s03/e47-jason-w-moore-on-socialism-in-the-web-of-life/ S03E44 | Anna Kornbluh on Climate Counteraesthetics https://www.futurehistories.today/episoden-blog/s03/e44-anna-kornbluh-on-climate-counteraesthetics/ S03E32 | Jacob Blumenfeld on Climate Barbarism and Managing Decline https://www.futurehistories.today/episoden-blog/s03/e32-jacob-blumenfeld-on-climate-barbarism-and-managing-decline/ S03E30 | Matt Huber & Kohei Saito on Growth, Progress and Left Imaginaries https://www.futurehistories.today/episoden-blog/s03/e30-matt-huber-kohei-saito-on-growth-progress-and-left-imaginaries/ S03E23 | Andreas Malm on Overshooting into Climate Breakdown https://www.futurehistories.today/episoden-blog/s03/e23-andreas-malm-on-overshooting-into-climate-breakdown/ S02E18 | Drew Pendergrass and Troy Vettese on Half Earth Socialism https://www.futurehistories.today/episoden-blog/s02/e18-drew-pendergrass-and-troy-vettese-on-half-earth-socialism/ --- If you are interested in democratic economic planning, these resources might be of help: Democratic planning – an information website https://www.democratic-planning.com/ Sorg, C. & Groos, J. (eds.)(2025). Rethinking Economic Planning. Competition & Change Special Issue Volume 29 Issue 1. https://journals.sagepub.com/toc/ccha/29/1 Groos, J. & Sorg, C. (2025). Creative Construction - Democratic Planning in the 21st Century and Beyond. Bristol University Press. [for a review copy, please contact: amber.lanfranchi[at]bristol.ac.uk] https://bristoluniversitypress.co.uk/creative-construction International Network for Democratic Economic Planning https://www.indep.network/ Democratic Planning Research Platform: https://www.planningresearch.net/ --- Future Histories Contact & Support If you like Future Histories, please consider supporting us on Patreon: https://www.patreon.com/join/FutureHistories Contact: office@futurehistories.today Twitter: https://twitter.com/FutureHpodcast Instagram: https://www.instagram.com/futurehpodcast/ Mastodon: https://mstdn.social/@FutureHistories English webpage: https://futurehistories-international.com   Episode Keywords #KimStanleyRobinson, #JanGroos, #Interview, #FutureHistories, #FutureHistoriesInternational, #futurehistoriesinternational, #Utopia, #RealUtopias, #DemocraticPlanning, #Keynes, #Dystopia, #DemocraticEconomicPlanning, #Capitalism, #EcoSocialism, #Socialism, #GreenCapitalism, #Narratives, #ClimateCounterAesthetics, #Transition, #SocioEcologicalTransition, #SocialDemocracy, #ScienceFiction

This week, Bob talks with macroeconomist Roger Farmer—who places himself “between Keynes and Hayek”—about how twentieth-century macroeconomics evolved. They discuss how overlapping generations and search theory change the story on unemployment and asset prices, and where Professor Farmer thinks both neoclassicals and MMT advocates go wrong. Farmer contrasts the old “rocking horse” vision of the economy with his preferred “windy boat” metaphor, where the economy can drift for long periods, and variables like unemployment behave more like random walks than quick returns to a single steady state.Related:Professor Farmer's Article, "How New Keynesian Economics Betrays Keynes": Mises.org/HAP532aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

This week, Bob talks with macroeconomist Roger Farmer—who places himself “between Keynes and Hayek”—about how twentieth-century macroeconomics evolved. They discuss how overlapping generations and search theory change the story on unemployment and asset prices, and where Professor Farmer thinks both neoclassicals and MMT advocates go wrong. Farmer contrasts the old “rocking horse” vision of the economy with his preferred “windy boat” metaphor, where the economy can drift for long periods, and variables like unemployment behave more like random walks than quick returns to a single steady state.Related:Professor Farmer's Article, "How New Keynesian Economics Betrays Keynes": Mises.org/HAP532aThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Keynes. Woolf. Hitchens. The New Statesman has an illustrious history and editor Tom McTague is the latest custodian of that grand tradition.But how does a centre-left magazine pitch itself in the ferocious world of social media and hot takes?What's its relationship with the Labour Party?How does it handle disagreements on the Left?And, more importantly, what does Labour need to do to win next time?THE POLITICAL PARTY LIVE26 January: Special VIP Guest16 February: David Miliband9 March: Zack Polanski30 March: Lisa Nandyhttps://nimaxtheatres.com/shows/the-political-party-with-matt-forde/ SEE Matt's brand new stand-up tour 'Defying Calamity' across the UK:https://www.mattforde.com/live-shows Hosted on Acast. See acast.com/privacy for more information.

El hombre que perdió 400.000 millones de dólares en una semana y los recuperó en 48 horas En septiembre de 2008, un ejecutivo de Lehman Brothers salió de su oficina en el número 745 de la Séptima Avenida de Nueva York por última vez. Llevaba una caja de cartón con sus pertenencias. Una foto familiar, una taza con el logo de la empresa, un diploma enmarcado de Wharton. Detrás de él, un banco de 158 años de historia se desvanecía en la nada. Lo que ese ejecutivo no sabía —lo que nadie podía saber entonces— es que diecisiete años después, en diciembre de 2025, otro gigante tecnológico perdería exactamente la misma cantidad de capitalización bursátil. Cuatrocientos mil millones de dólares evaporados en cuestión de días. La diferencia es que esta vez la historia no termina con una caja de cartón. Termina con TikTok. Hay una vieja máxima en Wall Street que dice que los mercados pueden permanecer irracionales más tiempo del que tú puedes permanecer solvente. Es una frase que se atribuye a Keynes, aunque probablemente la dijo otro, porque en finanzas las mejores citas siempre se atribuyen a quien no las pronunció. Pero hay otra verdad menos citada y más incómoda: los mercados también pueden cambiar de opinión más rápido de lo que tú puedes cambiar de posición. Y cuando lo hacen, no avisan. No mandan un correo electrónico. No publican un comunicado de prensa. Simplemente ocurre. Esta semana hemos sido testigos de algo que desafía toda lógica aparente. Una empresa que parecía destinada a protagonizar el próximo caso de estudio sobre hybris corporativa se convirtió, en menos de dos días, en la historia de redención del trimestre. Un fabricante de chips de memoria —posiblemente el negocio menos glamuroso de toda la cadena tecnológica— publicó unos resultados que Morgan Stanley calificó como los segundos más impresionantes en la historia de los semiconductores estadounidenses. Y una compañía de coches eléctricos alcanzó máximos históricos el mismo día que un juez dictaminó que su marketing era fraudulento. Si intentaras escribir esto como ficción, tu editor te lo devolvería por inverosímil. Pero quizás lo más fascinante de esta semana no fueron los titulares que todos vieron, sino las conexiones que casi nadie percibió. Porque resulta que hay un hilo invisible que conecta a un fabricante de aspiradoras robóticas que se declaró en bancarrota, con constructores de viviendas que están bajando precios desesperadamente, con una marca deportiva que lleva un año tropezando con la misma piedra. Ese hilo tiene un nombre, aunque todavía no lo hemos pronunciado. Y cuando lo entiendas —cuando veas cómo todas estas piezas aparentemente inconexas encajan en un patrón coherente—, probablemente cambies tu forma de pensar sobre lo que está ocurriendo realmente en los mercados. Charlie Munger solía decir que el mundo no está dividido en personas inteligentes y personas estúpidas. Está dividido en personas que entienden los incentivos y personas que no. Esta semana, los incentivos hablaron muy alto. Tan alto que algunos los escucharon y otros los confundieron con ruido de fondo. La pregunta es: ¿en qué grupo estás tú? Todo esto y mucho más en el nuevo episodio de Actualidad Semanal +D.

Despite its long-held place in history as the lynchpin of America's recovery from the Great Depression, what if the New Deal did more to hinder the country's recovery than help it? George Selgin is a professor emeritus of economics at the University of Georgia and former director of the Center on Monetary and Financial Alternatives at the Cato Institute. His books like, False Dawn: The New Deal and the Promise of Recovery and Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession, examine macroeconomic theories through the lens of key moments in monetary history. In this conversation, Greg and George dive deep into the inner workings of The Great Depression, covering the biggest misconceptions surrounding the New Deal's role in ending the crisis, why many of President Roosevelt's policies were counterproductive, and how pre-existing, international factors impacted the U.S.'s recovery.*unSILOed Podcast is produced by University FM.*Episode Quotes:The myth of New Deal wisdom47:17: The thing that people have to remember when they are inclined to think, oh, you know, we need to look back at the New Deal and all the wonderful things they did to end the Depression. They knew so much, you know, they had all these experiments. No. We know a lot more about how to fight recessions and depressions than they did because we know that fiscal and monetary stimulus are our best hopes. And those were two things that the Roosevelt administration did not put much, if any, emphasis upon. And that, of course, just hearing that should give a lot of people second thoughts about how helpful the New Deal was. They did a lot of stuff, but they did not do the main thing we rely on now. The main things, they did not promote monetary stimulus, and they did not promote fiscal stimulus except somewhat, reluctantly.Keynes vs. the New Dealers59:39: I certainly believe that if Keynes's advice had been followed instead of what the New Dealers did, that the Depression would have ended much sooner than it did in the United States. The downside of "bold experimentation"35:56: Roosevelt made two statements that were probably the least, the two main unambiguous things he said, one of which turned out to be a very accurate description of what his administration would end up doing. And the other one of which would be a very inaccurate statement. This is all in the course of the campaign. The accurate statement was when he said that his administration planned to go about addressing the Depression through bold experimentation. And that is absolutely true. There was a lot of trial and error. And the problem is, as I say in my book, you know, the problem with bold experiments is they often fail.On war clouds and gold flows45:41: What keeps gold flowing in for the rest of the decade, and more and more of it as time goes on, is Hitler's rise to power and the, the gatherings war clouds that eventually have many, many Europeans thinking, I do not think this is place, this place is safe for our gold. And as long as they could, taking it and shipping it to the United States, where now after the suspension of the gold standard and the devaluation, the treasury alone is buying all the gold.Show Links:Recommended Resources:John Maynard KeynesFranklin D. RooseveltHerbert Hoover Henry Ford Alexander J. Field James Bradford DeLong Guest Profile:Faculty Profile at University of Georgia Professional Profile at the Cato InstituteProfessional Profile on LinkedInProfile on XGuest Work:False Dawn: The New Deal and the Promise of Recovery, 1933–1947 Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great RecessionMoney: Free and Unfree Less Than Zero: The Case for a Falling Price Level in a Growing EconomyThe Menace of Fiscal QE  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Aaron Benanav discusses the second part of his ‘Beyond Capitalism' essay series in the New Left Review. In this part he lays out the institutional design of his proposal of a multi-criterial economy. Shownotes Aaron at Cornell University: https://cals.cornell.edu/people/aaron-benanav Aaron's personal website: https://www.aaronbenanav.com/ Access to Aaron's paywalled publications: https://www.aaronbenanav.com/papers Mailing List to join the Movement for Multi-Dimensional Economics: https://docs.google.com/forms/d/e/1FAIpQLSeUF7MZ2jQJXY_wHKn5xSIo-_L0tkMO-SG079sa5lGhRJTgqg/viewform Benanav, A. (2025). Beyond Capitalism—1. New Left Review, Issue 153, 65–128. https://newleftreview.org/issues/ii153/articles/aaron-benanav-beyond-capitalism-1 Benanav, A. (2025). Beyond Capitalism—2. New Left Review, Issue 154, 97–143. https://newleftreview.org/issues/ii154/articles/aaron-benanav-beyond-capitalism-2 Benanv, A. (2020). Automation and the Future of Work. Verso. https://www.versobooks.com/products/2682-automation-and-the-future-of-work on economic stagnation, see especially chapter 3, “In the Shadow of Stagnation”. on Marx's concept of the Value-Form: https://www.marxists.org/archive/marx/works/1867-c1/appendix.htm Moore, J.W. & Patel, R. (2020). A History of the World in Seven Cheap Things. A Guide to Capitalism, Nature, and the Future of the Planet. Verso. https://www.versobooks.com/products/817-a-history-of-the-world-in-seven-cheap-things on the abstract domination of capitalism: Postone, M. (1993). Time, Labor and Social Domination. A Reinterpretation of Marx's Critical Theory. Cambridge University Press. https://files.libcom.org/files/Moishe%20Postone%20-%20Time,%20Labor,%20and%20Social%20Domination.pdf Mau, S. (2023). Mute Compulsion. A Marxist Theory of the Economic Power of Capital. Verso. https://www.versobooks.com/products/2759-mute-compulsion Leipold, B. (2024). Citizen Marx. Republicanism and the Formation of Karl Marx's Social and Political Thought. Princeton University Press. https://press.princeton.edu/books/hardcover/9780691205236/citizen-marx on GDP (Gross Domestic Product): https://en.wikipedia.org/wiki/Gross_domestic_product on the Five-Year Plans in the Soviet Union: https://en.wikipedia.org/wiki/Five-year_plans_of_the_Soviet_Union Katsenelinboigen, A. (1977). Coloured Markets in the Soviet Union. Soviet Studies. Vol. 29, No.1. 62-85. https://www.jstor.org/stable/150728 Uvalić, M. (2018). The Rise and Fall of Market Socialism in Yugoslavia. https://www.researchgate.net/publication/331223694_The_Rise_and_Fall_of_Market_Socialism_in_Yugoslavia on Friedrich Hayek: https://en.wikipedia.org/wiki/Friedrich_Hayek Hayek, F. A. (1945). The Use of Knowledge in Society. The American Economic Review, 35(4), 519–530. https://www.jstor.org/stable/1809376 on the Pareto Optimum: https://en.wikipedia.org/wiki/Pareto_efficiency on Rational Choice Theory: https://en.wikipedia.org/wiki/Rational_choice_model on Behavioral Economics: https://en.wikipedia.org/wiki/Behavioral_economics on Otto Neurath: https://en.wikipedia.org/wiki/Otto_Neurath on Neurath's technocratic tendencies: https://jacobin.com/2023/02/technocratic-socialism-otto-neurath-utopianism-capitalism on Joseph Raz: https://en.wikipedia.org/wiki/Joseph_Raz on Utilitarianism: https://en.wikipedia.org/wiki/Utilitarianism on the Capability Approach by Amartya Sen and Martha Nussbaum: https://en.wikipedia.org/wiki/Capability_approach on the Human Development Index (HDI): https://hdr.undp.org/data-center/human-development-index#/indicies/HDI on the Sustainability Development Goals (SDGs): https://sdgs.un.org/goals on Multi-Objective Optimization: https://en.wikipedia.org/wiki/Multi-objective_optimization Saros, D. E. (2014). Information Technology and Socialist Construction. The End of Capital and the Transition to Socialism. Routledge. https://www.routledge.com/Information-Technology-and-Socialist-Construction-The-End-of-Capital-and-the-Transition-to-Socialism/Saros/p/book/9780415742924 on Neoclassical Economics: https://en.wikipedia.org/wiki/Neoclassical_economics on Citizen Assemblies and Sortition: https://www.sortitionfoundation.org/ on John Stuart Mill: https://en.wikipedia.org/wiki/John_Stuart_Mill Mill, J. S. (2011). On Liberty. Cambridge University Press. https://www.cambridge.org/core/books/on-liberty/62EC27F1E66E2BCBA29DDCD5294B3DE0 McCabe, H. (2021). John Stuart Mill, Socialist. McGill-Queen's University Press. https://www.mqup.ca/john-stuart-mill--socialist-products-9780228005742.php on Degrowth: https://degrowth.info/ on Nick Land and Right Accelerationism: https://youtu.be/lrOVKHg_PJQ?si=Q4oFbaM1p4fhcWP0 on Left Accelerationism: https://criticallegalthinking.com/2013/05/14/accelerate-manifesto-for-an-accelerationist-politics/ Devine, P. (2002). Participatory Planning through Negotiated Coordination. Science & Society, Vol. 66, No. 1, 72-85. https://guilfordjournals.com/doi/abs/10.1521/siso.66.1.72.21001?journalCode=siso on Oskar R. Lange: https://en.wikipedia.org/wiki/Oskar_R._Lange on Lange's neoclassical approach to Socialism: https://jacobin.com/2022/10/oskar-lange-neoclassical-marxism-limits-of-capitalism-economic-theory Kowalik, T. (1990). Lange-Lerner Mechanism. In: Eatwell, J., Milgate, M., Newman, P. (eds). Problems of the Planned Economy. Palgrave Macmillan. https://link.springer.com/chapter/10.1007/978-1-349-20863-0_21 on Joseph Schumpeters concept of Creative Destruction: https://en.wikipedia.org/wiki/Creative_destruction Shaikh, A. (2016). Capitalism. Competition, Conflict, Crises. Oxford Academic. https://academic.oup.com/book/1464 Kornai, J. (1980). “Hard” and “Soft” Budget Constraint. Acta Oeconomica, 25(3/4), 231–245. https://www.jstor.org/stable/40728773 on the Cobb-Douglas Production Function: https://en.wikipedia.org/wiki/Cobb%E2%80%93Douglas_production_function on Adam Smith: https://en.wikipedia.org/wiki/Adam_Smith Lutosch, H. (2025). Embracing the Small Stuff. Caring for Children in a Liberated Society. In: Groos, J., & Sorg, C. (Eds.). (2025). Creative Construction. Democratic Planning in the 21st Century and Beyond. Bristol University Press. https://bristoluniversitypress.co.uk/creative-construction Hahnel, R. (2021). Democratic Economic Planning. Routledge. https://www.routledge.com/Democratic-Economic-Planning/Hahnel/p/book/9781032003320 Cockshott, P. & Cottrell, A. (1993). Towards a New Socialism. Spokesman. https://users.wfu.edu/cottrell/socialism_book/new_socialism.pdf on Universal Basic Services (UBS): https://en.wikipedia.org/wiki/Universal_basic_services https://autonomy.work/ubs-hub/ Fraser, N. & Sorg, C. (2025). Socialism, Planning and the Relativity of Dirt. In: Groos, J., & Sorg, C. (Eds.). (2025). Creative Construction. Democratic Planning in the 21st Century and Beyond. Bristol University Press. https://bristoluniversitypress.co.uk/creative-construction on Milton Friedman: https://en.wikipedia.org/wiki/Milton_Friedman on John Maynard Keynes: https://en.wikipedia.org/wiki/John_Maynard_Keynes Aaron on what to learn from radical Keynesianism for a transitionary Program: Benanav, A. & Henwood, D. (2025). Behind the News. Beyond the Capitalist Economy w/ Aaron Benanav. https://open.spotify.com/episode/2diIiFkkM4x7MoZhi9e0tx on Socializing Finance: McCarthy, M. A. (2025). The Master's Tools. How Finance Wrecked Democracy (And a Radical Plan to Rebuild It). Verso. https://www.versobooks.com/products/755-the-master-s-tools Future Histories Episodes on Related Topics S3E47 | Jason W. Moore on Socialism in the Web of Life https://www.futurehistories.today/episoden-blog/s03/e47-jason-w-moore-on-socialism-in-the-web-of-life/ S03E29 | Nancy Fraser on Alternatives to Capitalism https://www.futurehistories.today/episoden-blog/s03/e29-nancy-fraser-on-alternatives-to-capitalism/ S03E04 | Tim Platenkamp on Republican Socialism, General Planning and Parametric Control https://www.futurehistories.today/episoden-blog/s03/e04-tim-platenkamp-on-republican-socialism-general-planning-and-parametric-control/ S02E33 | Pat Devine on Negotiated Coordination https://www.futurehistories.today/episoden-blog/s02/e33-pat-devine-on-negotiated-coordination/ S03E10 | Aaron Benanav on Associational Socialism and Democratic Planning https://www.futurehistories.today/episoden-blog/s02/e10-aaron-benanav-on-associational-socialism-and-democratic-planning/ S01E32 | Daniel E. Saros on Digital Socialism and the Abolition of Capital (Part 2) https://www.futurehistories.today/episoden-blog/s01/e32-daniel-e-saros-on-digital-socialism-and-the-abolition-of-capital-part-2/ S02E31 | Daniel E. Saros on Digital Socialism and the Abolition of Capital (Part 1) https://www.futurehistories.today/episoden-blog/s01/e31-daniel-e-saros-on-digital-socialism-and-the-abolition-of-capital-part-1/ --- If you are interested in democratic economic planning, these resources might be of help: Democratic planning – an information website https://www.democratic-planning.com/ Sorg, C. & Groos, J. (eds.)(2025). Rethinking Economic Planning. Competition & Change Special Issue Volume 29 Issue 1. https://journals.sagepub.com/toc/ccha/29/1 Groos, J. & Sorg, C. (2025). Creative Construction - Democratic Planning in the 21st Century and Beyond. Bristol University Press. [for a review copy, please contact: amber.lanfranchi[at]bristol.ac.uk] https://bristoluniversitypress.co.uk/creative-construction International Network for Democratic Economic Planning https://www.indep.network/ Democratic Planning Research Platform: https://www.planningresearch.net/ --- Future Histories Contact & Support If you like Future Histories, please consider supporting us on Patreon: https://www.patreon.com/join/FutureHistories Contact: office@futurehistories.today Twitter: https://twitter.com/FutureHpodcast Instagram: https://www.instagram.com/futurehpodcast/ Mastodon: https://mstdn.social/@FutureHistories English webpage: https://futurehistories-international.com   Episode Keywords #AaronBenanav, #JanGroos, #Interview, #FutureHistories, #FutureHistoriesInternational, #futurehistoriesinternational, #Transition, #DemocraticPlanning, #Keynes, #Efficiency, #Economics, #NeoclassicalEconomics, #NeoclassicalSocialism, #OttoNeurath, #DemocraticEconomicPlanning, #Capitalism, #Economics, #Socialism, #Socialisation, #Investment, #Degrowth, #UniversalBasicServices, #CareWork

Deficits DO Matter! There is a difference between debt and deficits. We discuss how our deficit has gone down even though the debt has gone over 38 trillion. We also go over the difference between Keynesian economics and Austrian economics. We talk about the 6 richest counties in the nation, which probably aren't located where you think they would be. Foreigners and the major central banks have already realized that holding treasuries is not the best idea, so they are now holding more and more gold. What are we doing to store value? Buying more hard assets faster! Keynes vs Hayek (parts 1 & 2) Quantitative Easing Explained Sponsors: American Gold Exchange Our dealer for precious metals & the exclusive dealer of Real Power Family silver rounds (which we finally got in!!!). Get your first, or next bullion order from American Gold Exchange like we do. Tell them the Real Power Family sent you! Click on this link to get a FREE Starters Guide. Or Click Here to order our new Real Power Family silver rounds. 1 Troy Oz 99.99% Fine Silver Abolish Property Taxes in Ohio: www.AxOHTax.com  Get more information about abolishing all property taxes in Ohio. Our Links: www.RealPowerFamily.com Info@ClearSkyTrainer.com 833-Be-Do-Have (833-233-6428)

George Selgin has spent over four decades thinking about money, banking, and economic history, and Tyler has known him for nearly all of it. Selgin's new book False Dawn: The New Deal and the Promise of Recovery, 1933–1947 examines what the New Deal actually accomplished—and failed to accomplish—in confronting the Great Depression.  Tyler and George discuss the surprising lack of fiscal and monetary stimulus in the New Deal, whether revaluing gold was really the best path to economic reflation, how much Glass-Steagall and other individual parts of the New Deal mattered, Keynes' "very sound" advice to Roosevelt, why Hayek's analysis fell short, whether America would've done better with a more concentrated banking sector, how well the quantity theory of money holds up, his vision for a "night watchman" Fed, how many countries should dollarize, whether stablecoins should be allowed to pay interest, his stake in a fractional-reserve Andalusian donkey ownership scheme, why his Spanish vocabulary is particularly strong on plumbing, his ambivalence about the eurozone, what really got America out of the Great Depression, and more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded September 26th, 2025. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow George on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo Credit: Richie Downs

In an extended version of the programme that was broadcast, Melvyn Bragg and guests discuss the influential book John Maynard Keynes wrote in 1919 after he resigned in protest from his role at the Paris Peace Conference. There the victors of World War One were deciding the fate of the defeated, especially Germany and Austria-Hungary, and Keynes wanted the world to know his view that the economic consequences would be disastrous for all. Soon Germany used his book to support their claim that the Treaty was grossly unfair, a sentiment that fed into British appeasement in the 1930s and has since prompted debate over whether Keynes had only warned of disaster or somehow contributed to it. With Margaret MacMillan Emeritus Professor of International History at the University of Oxford Michael Cox Emeritus Professor of International Relations at the London School of Economics and Founding Director of LSE IDEAS And Patricia Clavin Professor of Modern History at the University of Oxford Producer: Simon Tillotson Reading list: Manfred F. Boemeke, Gerald D. Feldman and Elisabeth Glaser (eds.), The Treaty of Versailles: A Reassessment after 75 Years (Cambridge University Press, 1998) Zachary D. Carter, The Price of Peace: Money, Democracy and the Life of John Maynard Keynes (Random House, 2020) Peter Clarke, Keynes: The Twentieth Century's Most Influential Economist (Bloomsbury, 2009) Patricia Clavin et al (eds.), Keynes's Economic Consequences of the Peace after 100 Years: Polemics and Policy (Cambridge University Press, 2023) Patricia Clavin, ‘Britain and the Making of Global Order after 1919: The Ben Pimlott Memorial Lecture' (Twentieth Century British History, Vol. 31:3, 2020) Richard Davenport-Hines, Universal Man; The Seven Lives of John Maynard Keynes (William Collins, 2015) R. F. Harrod, John Maynard Keynes (first published 1951; Pelican, 1972) Jens Holscher and Matthias Klaes (eds), Keynes's Economic Consequences of the Peace: A Reappraisal (Pickering & Chatto, 2014) John Maynard Keynes (with an introduction by Michael Cox), The Economic Consequences of the Peace (Palgrave Macmillan, 2019) Margaret MacMillan, Peacemakers: Six Months that Changed the World (John Murray Publishers, 2001) Etienne Mantoux, The Carthaginian Peace or the Economic Consequences of Mr. Keynes (Oxford University Press, 1946) D. E. Moggridge, Maynard Keynes: An Economist's Biography (Routledge, 1992) Alan Sharp, Versailles 1919: A Centennial Perspective (Haus Publishing Ltd, 2018) Robert Skidelsky, John Maynard Keynes, 1883-1946 (Pan Macmillan, 2004) Jürgen Tampke, A Perfidious Distortion of History: The Versailles Peace Treaty and the Success of the Nazis (Scribe UK, 2017) Adam Tooze, The Deluge: The Great War, America and the Remaking of the Global Order, 1916-1931 (Penguin Books, 2015) Spanning history, religion, culture, science and philosophy, In Our Time from BBC Radio 4 is essential listening for the intellectually curious. In each episode, host Melvyn Bragg and expert guests explore the characters, events and discoveries that have shaped our world.

This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comTara Zahra is a writer and academic. She's currently the Hanna Holborn Gray Professor of East European History at the University of Chicago. This week we discuss her latest book, Against the World: Anti-Globalism and Mass Politics Between the World Wars.For two clips of our convo — on the starving of Germany during and after WWI, and what Henry Ford and Trump have in common — head to our YouTube page.Other topics: growing up in the Poconos; her parents' butcher shop; ballet her first career goal; her undergrad course on fascism that inspired grad school; how the Habsburg Dynasty was the EU before the EU; the golden age of internationalism; cutting off trade and migration during WWI; the Spanish flu; the Russian Revolution; pogroms across Europe; scapegoating Jews over globalization and finance; the humiliation at Versailles; Austria-Hungary chopped up and balkanized; Ellis Island as a detention center; massive inflation after the war; the Klan in the 1920s; Keynes; the Great Depression and rise of fascism; mass deportations in the US; autarky; Hitler linking that self-reliance to political freedom; Lebensraum; anti-Semitism; the Red Scare; the WTO and China; the 2008 crash; Trump's tariff threats; rare earths; reshoring; fracking and energy independence; MAHA; Elon Musk and Henry Ford; Mars as Musk's Lebensraum; and the longing for national identity.Browse the Dishcast archive for an episode you might enjoy (the first 102 are free in their entirety — subscribe to get everything else). Coming up: trans activist Shannon Minter debating trans issues, Scott Anderson on the Iranian Revolution, and Johann Hari turning the tables to interview me. Please send any guest recs, dissents, and other comments to dish@andrewsullivan.com.