Podcasts about Mercatus Center

Katja Hoyer is a German-British historian who has made a career out of explaining Germany to the world—and, just as importantly, to Germans themselves. Born in East Germany in 1985 and now based in Britain, she has written acclaimed histories of the German Empire, the GDR, and most recently the Weimar Republic. Tyler and Katja discuss why communism made East Germans more loyal to the system while it bred dissidents in Poland and Hungary, how happy or unhappy life in the GDR actually was, Tyler's own bleak day-trip to East Berlin in 1984, the underrated literature of the GDR (Christa Wolf, Brigitte Reimann), whether Good Bye, Lenin! got the era right, why it's no coincidence that Richter and Polke came from the East, the strange coexistence of communist prudishness and Germany's nudist culture, what Merkel's East German background did and didn't give her as a chancellor, why East Germans remain dramatically underrepresented in leadership positions today, what makes Weimar the cultural and spiritual heart of Germany, why relatively few Jews ever settled there, how much the citizens of Weimar knew about Buchenwald, what actually killed the Weimar Constitution, how she'd rewrite the Treaty of Versailles, Hitler's citizenship problem, underrated German thinkers, the complacency behind Germany's current economic decline, which side of the Weißwurstäquator she'd choose to live on, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded March 30th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Katja 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. Timestamps: 00:00:00 - Intro 00:05:34 - East German Artistic Creations  00:10:55 - Angela Merkel's East German Background 00:14:08 - East German Underrepresentation Today 00:17:02 - East Germans vs. West Germans 00:20:32 - Goethe and Weimar's Cultural Heritage 00:27:09 - What Weimar Knew About Buchenwald 00:31:10 - Why the Weimar Constitution Failed 00:35:21 - Prussia, Bavaria, and Where Nazism Took Root 00:38:23 - Rewriting the Treaty of Versailles 00:39:59 - Historical Antisemitism in Germany 00:42:27 - Hitler's Citizenship problem 00:45:14 - Weimar's Best Cultural Creations 00:47:02 - The Most Underrated German Thinker 00:49:07 - Improving Weimar 00:52:58 - Germany's Economic Malaise 00:55:38 - Living in Britain as a German Historian 01:00:49 - Outro

On this episode of the Hayek Program Podcast, Emily Chamlee-Wright delivers a keynote lecture at the 2025 Markets & Society conference on the precarious state of liberalism and the cultural foundations necessary to sustain a free society. Drawing on the cultural economy framework she developed with Virgil Storr, Chamlee-Wright argues that liberalism faces not only overt constitutional threats but a deeper "soft tissue" problem: the erosion of the values, norms, and habits that make formal institutions work. Once degraded, she warns, no legislative remedy can restore them. She walks through four dimensions of this cultural ecosystem, shared mental models, generalized norms, cultural tools, and social networks, and shows how they can either reinforce liberal resilience or spiral into vicious cycles of decay. She closes with an urgent call to action: liberal intellectuals and scholars must boldly deploy the cultural tools at their disposal, the stories, symbols, and founding ideals of a free society to decisively reverse the illiberal drift before it becomes irreversible.Dr. Emily Chamlee-Wright is a senior affiliated scholar and Board Member at the Mercatus Center at George Mason University. She is the President and CEO of the Institute for Humane Studies and the author of numerous books, including The Cultural Foundations of Economic Development (Routledge 1997) and Culture and Enterprise (Routledge 2000), co-authored with the late Don Lavoie.**This episode was recorded October 19, 2025**If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!Follow the Hayek Program on Twitter: @HayekProgramFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

For this episode, Matt Teichman and Joseph Diller sit down with Oliver Traldi (University of Toledo, Mercatus Center) to talk about political expertise.What does it mean to be an expert in something? Our guest opens by noting that we use the term expert in two different ways: in the normal sense, a person is an expert in something if they know a lot about it, but in the social sense, a person is an expert in something if they have the social status of knowing a lot about it—like maybe they have a lot of degrees and credentials. Although those two things can go together, they don't necessarily in every case: there are autodidacts who build up a deep understanding of a topic on their own, and there are people who squeak through the educational system without really learning anything.What about a political expert? One way to get to what a political expert would be is to think about what it means to be political. There are lots of different ways that people have tried to define the world political, but Traldi thinks a topic is generally considered political when there is disagreement or controversy associated with it. Particularly if the disagreement is in some way emotionally charged.So a political expert would be someone who knows a lot about areas that there is some broad disagreement about. And now, if you think of political expertise in that way, assuming we are talking about real expertise and not just the social kind, it seems there are factors that conspire to make it unlikely. For example, most of the people who are in a position to have inside information about how a political system works are themselves political actors, which means that everything they say is going to either have ulterior motives or seem like it does. This makes genuine political expertise rare to obtain, and elusive to identify when it does.This was a partcularly fun conversation to have, and I hope you enjoy listening as much as I enjoyed having it.Matt Teichman Hosted on Acast. See acast.com/privacy for more information.

On this episode of Virtual Sentiments, Kristen Collins speaks with Glory Liu about the 250th anniversary of both Adam Smith's The Wealth of Nations and the Declaration of Independence. Together, they unpack the message of The Wealth of Nations as a critique of Britain's mercantile system rather than a manifesto for laissez-faire economics — illuminating Smith's careful attention to power, class, and state capture. The conversation explores what reception history reveals about the distance between an author's original intentions and what subsequent readers make of their ideas. Glory and Kristen also reflect on what it means to commemorate Smith today, how our current moment of reckoning with concentrated economic and political power is drawing readers back to Smith, and why doing so responsibly requires both historical care and honest self-awareness about what we're really asking Smith to do for us.Dr. Glory Liu is a Provost's Distinguished Faculty Fellow and Assistant Professor in the Department of Government at Georgetown University. She is the author of Adam Smith's America: How a Scottish Philosopher became an Icon of American Capitalism (Princeton, 2022), which was named a Top 5 Biographies of Economists by the Wall Street Journal and received the 2024 Best Monograph Award from the European Society for the History of Economic Thought.**This episode was recorded on January 22, 2026**Show Notes:Glory Liu, “How Adam Smith Inspired America's Economic System” (WSJ, 2025)Glory Liu, Adam Smith's America: How a Scottish Philosopher Became an Icon of American Capitalism (Princeton University Press, 2022)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatus

Toby Wilkinson is one of the world's leading Egyptologists, whose books have ranged across the full sweep of pharaonic history. His latest, The Last Dynasty: Ancient Egypt from Alexander the Great to Cleopatra, covers the 300-year Ptolemaic period — stranger and more modern-feeling than the Egypt of the pyramids, built around commerce and cosmopolitanism rather than divine kingship, and home to the greatest concentration of scientific talent the ancient world ever saw. Tyler and Toby cover how Alexander took over the empire almost without a fight, why Alexandria became the Manhattan of the ancient world, whether the era was as philosophically fertile as it was scientifically, whether your ancient doctor's visit had positive expected value, what Egypt was actually exporting and selling, whether living standards rose above subsistence or stayed Malthusian, how the ethnic divide between Greek rulers and Egyptian subjects shaped society, what constrained the Ptolemaic Empire from becoming the next Rome, whether Cleopatra has been overhyped, what Julius Caesar was really thinking when he sided with her over her brother, the new frontiers in archeology, whether Herodotus can be trusted, what ancient Egypt knew about Israel and India, when Egyptian jewelry peaked and why, what triggered the sudden emergence of civilization across the ancient world, why a six-year-old Tyler knew King Tut better than Napoleon, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded March 23rd, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler 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. Timestamps: 00:00:00 - Intro 00:04:29 - Intellectual Activity of Alexandria  00:11:07 - The Alexandrian Economy 00:14:36 - The Ptolemaic Empire 00:21:19 - Unanswered Questions in Ptolemaic Egypt 00:23:32 - Modern Alexandria and the Future of Archaeology 00:26:37 - Other Topics in Ancient Egypt 00:42:10 - Toby's Career 00:45:26 - Outro Photo Credit: Benjamin Frei

Welcome to our new series, The Hayekian Triangle. This series will feature a range of conversations between our hosts: Virgil Storr, Chris Coyne, and Peter Boettke. On this episode, the three sit down to mark the 250th anniversary of Adam Smith's The Wealth of Nations — and to ask a deceptively simple question: why are we still reading a book written a quarter-millennium ago?From the invisible hand to the division of labor, Smith's ideas have become so embedded in how we think about markets and society that it's easy to forget just how radical they originally were. Virgil, Chris, and Pete dig into what Smith actually said, why the standard takes on laissez-faire and self-interest so often miss the mark, and what a Scottish moral philosopher writing in 1776 still has to teach us about wealth, poverty, and the institutions that make human flourishing possible.Whether you're coming to Smith for the first time or returning to him with fresh eyes, this conversation is a reminder that the greatest works in political economy aren't monuments to be admired from a distance — they remain living inputs into the science of today.**This episode was recorded on April 3, 2026**Show Notes:Adam Smith, The Wealth of Nations (Liberty Fund, 1982)Adam Smith, The Theory of Moral Sentiments (Liberty Fund, 1982)Kenneth Boulding, "After Samuelson, Who Needs Adam Smith?" (History of Political Economy, 1971)Kenneth Boulding, "Economics as a Moral Science" (The American Economic Review, 1969)Daron Acemoglu and James Robinson, The Narrow Corridor: States, Societies, and the Fate of Liberty (Penguin Press, 2019)Raghuram Rajan, The Third Pillar: How Markets and the State Leave the Community Behind (Penguin Press, 2019)Deirdre McCloskey, The Bourgeois Virtues: Ethics for an Age of Commerce; Bourgeois Dignity: Why Economics Can't Explain the Modern World; Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World (University of Chicago Press, 2006, 2010, 2016)Martha Nussbaum, The Cosmopolitan Tradition: A Noble but Flawed Ideal (Belknap Press/Harvard University Press, 2019)Ludwig von Mises, “Why Read Adam Smith Today?” (FEE, 2015)Richard Ebeling, "Celebrating Adam Smith's Wealth of Nations at 250 Years" (Future of Freedom, 2026)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!Follow the Hayek Program on Twitter: @HayekProgramFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

The Rod and Greg Show Daily Rundown – Tuesday, May 26, 20264:20 pm: Linnea Lueken, a Research in Climate and Environmental Policy at the Heartland Institute, joins the show to discuss her piece in the Daily Caller about why it's time for America to set aside its fear of nuclear energy.4:38 pm: Jack Salmon, Scholar and Research Fellow at the Mercatus Center at George Mason University, joins Rod and Greg for a conversation about his Deseret News piece on why Utah is strongly positioned to handle any future financial cuts made by the federal government.6:05 pm: Utah Attorney General Derek Brown joins the program to discuss his visit to Washington, D.C. to take part in a meeting with Vice President JD Vance's task force on fraud.

In this episode of The Get Down: Beyond Bitcoin, host Cleve Mesidor sits down with two-term SEC Commissioner Hester M. Peirce—affectionately known as "Crypto Mom" and "Crypto's Architect"—for an engaging conversation.As Commissioner Peirce prepares to conclude her impactful tenure at the SEC later this year, she shares her unique origin story, vision for a digital asset regulatory framework, and insights regarding inter-agency harmonization between the SEC and CFTC.Commissioner Peirce is not just a champion of crypto, she also holds the industry accountable and advances sound guidance to build a stable industry. This captivating discussion covers a variety of timely topics, including tokenization opportunities for smaller players, as well as advice for the crypto industry about how best to continue to advance crypto rulemaking going forward.Interview with SEC Commissioner Hester M. PeirceCommissioner Peirce discusses her regulatory journey since 2018, impending departure from the Commission, and enduring optimism for the transformative nature of the technology.Crypto Origin Story: How early conversations with Jerry Brito sparked an interest in blockchain technology before joining the SEC during pivotal market shifts.Regulatory Harmonization: A deep dive into harmonization efforts with the CFTC, building on previous work with former Commissioner Brian Quintenz to develop a coordinated strategy.Advice to Industry: Why builders should focus on solving real-world consumer/investor problems and build commercially viable products.Life After SEC: Plans to transition into teaching, while cheering on sound regulation from the sidelines.Memorable Milestones: Reflections and why meeting conviction-driven builders during market lows remains her favorite part of the job.Next Gen Crypto: Reflecting on how Gen Z will integrate blockchain technology, and a call to use crypto as a tool for societal unity rather than divisiveness.About SEC Commissioner PeirceHester M. Peirce was appointed by President Donald J. Trump to the U.S. Securities and Exchange Commission and was sworn in on January 11, 2018.Commissioner Peirce leads the SEC Crypto Task Force, which seeks to provide clarity on the application of the federal securities laws to the crypto asset market and to recommend practical policy measures that aim to foster innovation and protect investors.Prior to joining the SEC, Commissioner Peirce conducted research on the regulation of financial markets at the Mercatus Center at George Mason University. She was a Senior Counsel on the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where she advised Ranking Member Richard Shelby and other members of the Committee on securities issues. Commissioner Peirce served as counsel to SEC Commissioner Paul S. Atkins. She also worked as a Staff Attorney in the SEC's Division of Investment Management. Commissioner Peirce was an associate at Wilmer, Cutler & Pickering (now WilmerHale) and clerked for Judge Roger Andewelt on the Court of Federal Claims.Commissioner Peirce earned her bachelor's degree in Economics from Case Western Reserve University and her JD from Yale Law School.Links from the episodeCONNECT WITH COMMISSIONER HESTER PEIRCE:Website: www.sec.govCONNECT WITH BUTTERSCOTCH MEDIA:Website: butterscotch.mediaSubscribe to Chews Tipsheet: butterscotch.media/subscribeFollow us on X: @butterscotch360 CONNECT WITH BUTTERSCOTCH MEDIA:Website: butterscotch.mediaFinTech TV Network: https://fintech.tv/category/the-get-down-podcast-series/Subscribe to Chews Tipsheet: butterscotch.media/subscribeFollow us on X: @butterscotch360

"Nothing really succeeds as planned, but it succeeds on the side of the plan."Are you interested in market-oriented urban development? What do you think about cities as friends? How can we create projections without making them regulations? Interview with Alain Bertaud, urbanist and Distinguished Visiting Fellow at the Mercatus Center at George Mason University. We will talk about his vision for the future of cities, urban economics and labour markets, planned cities, changing demographics, urban attraction, and many more. Alain Bertaud is a renowned urbanist and Distinguished Visiting Fellow at the Mercatus Center at George Mason University, as well as a senior research scholar at the NYU Marron Institute of Urban Management. Author of the influential book Order Without Design: How Markets Shape Cities (2018), he previously served as principal urban planner at the World Bank. His research, often with his wife Marie-Agnès, explores the interplay between urban forms, real estate markets, and regulations. In 2024, he received an honorary doctorate from CEPT University in India.Find out more about Alain through these links:Alain Bertaud on LinkedInAlain Bertaud websiteAlain Bertaud at the Mercator CenterAlain Bertaud at the the Marron Institute of Urban ManagementOrder Without Design: How Markets Shape Cities - book by Alain BertaudIs Thomas Piketty Misreading Balzac? - article by Alain BertaudWhy ‘Casablanca' Is the Quintessential City Movie - article by Alain BertaudConnected episode you might be interested in:No.409R - The case for economic growth as the path to better human wellbeingNo.410 - Interview with Casey Handmer about the need for urban economic growthNo.420 - Interview with Josh Dorfman about urban economicsNo.429R - Cities as labor markets – The efficiency of large labor markets is the main cause of ever-growing citiesWhat was the most interesting part for you? What questions did arise for you? Let me know on Twitter ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@WTF4Cities⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ or on the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠wtf4cities.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ website where the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠shownotes⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are also available.I hope this was an interesting episode for you and thanks for tuning in.Episode generated with ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Descript⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ assistance (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠affiliate link⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠).Music by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Lesfm ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pixabay

Are you interested in market-oriented urban development? What do you think about cities as friends? How can we create projections without making them regulations? Trailer for episode 430 - interview with Alain Bertaud, urbanist and Distinguished Visiting Fellow at the Mercatus Center at George Mason University. We will talk about his vision for the future of cities, urban economics and labour markets, planned cities, changing demographics, urban attraction, and many more.Find out more in the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠episode⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Episode generated with ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Descript⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ assistance (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠affiliate link⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠).Music by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Lesfm ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pixabay⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Politicians often promise to tax “the rich” to fund bigger government. But what happens when high earners leave?In Episode 198 of the Let People Prosper Show, Jack Salmon of the Mercatus Center joins me to explain how taxes influence migration, investment, entrepreneurship, and state competitiveness.We discuss why high-income taxpayers are more mobile than politicians assume, why wealth taxes often underperform, and why states like Florida, Texas, and Tennessee continue attracting people and capital while high-tax states struggle.The takeaway: sustainable prosperity comes from spending restraint, growth, and economic freedom—not punishing success.

Bob Spitz has written major biographies of the Beatles, Led Zeppelin, Bob Dylan, and now the Rolling Stones — but also, somehow, Ronald Reagan and Julia Child. In rock, his credentials were hard won: he started out hustling gigs for an unknown Bruce Springsteen for six years, moved on to handling Elton John's American business, and spent long enough in the world to find himself jamming with Paul McCartney and chatting with Bob Dylan on a stoop in the Village. The Reagan and Julia Child books are harder to explain, and perhaps that's the point—Spitz seems to do his best work when he has no business writing the book at all. Tyler and Bob discuss how the Stones became so great so quickly, what they added to the blues, how their melodies stack up against the Beatles', whether Exile on Main Street deserves its canonical status, which songs are most underrated, what Charlie Watts actually got out of playing in a rock band, the rise and fall of Brian Jones, how the Stones outlasted nearly everyone, the influence of Mick's London School of Economics training, why popular music has lost its cultural influence, what we should still be asking Paul McCartney and Ringo Starr, whether the Beatles' breakup was good for the world, how senile Reagan really was in his second term and whether he was ever truly a communist, how good a cook Julia Child actually was, his next book on Lennon's second act, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded April 28th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Bob 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. Timestamps: 00:00:00 - Intro 00:02:44 - The Sound of the Rolling Stones  00:05:25 - Underrated Rolling Stones Songs and Albums  00:09:06 - Charlie Watts and Brian Jones  00:11:18 - Art Colleges and Rock 'n' Roll 00:13:06 - The Stones' Stability  00:16:32 - Mick Jagger: Closet Economist?  00:17:53 - Pop Music's Lack of Relevance  00:20:10 - The Beatles  00:28:14 - Led Zeppelin  00:31:30 - Bruce Springsteen  00:36:20 - Bob Dylan  00:39:40 - Julia Child  00:42:29 - The Knicks  00:45:21 - Ronald Reagan  00:49:01 - Robert Caro  00:52:03 - Writing 00:55:00 - Outro

Today, we are joined by David Beckworth, Senior Research Fellow at the Mercatus Center and host of Macro Musings, for a deep dive into the biggest macro questions shaping markets right now. David explains why central banks struggle to respond to supply shocks, why inflation expectations are more fragile than policymakers admit, and how frameworks like nominal GDP targeting could offer a more robust path forward. We explore the collision between geopolitical shocks and AI-driven productivity, the hidden consequences of quantitative easing, and the growing tension between monetary policy and fiscal sustainability. From stablecoins and the future of the dollar to the Fed's balance sheet and financial system plumbing, this episode unpacks the forces quietly reshaping the global economy, and why policymakers may be less in control than we think.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on LinkedIn.Follow David on X.Episode TimeStamps: 00:00 - Stablecoins, financial stability, and uncertain impact01:00 - David Beckworth's path into macroeconomics05:43 - How central banks should respond to supply shocks08:56 - Why policymakers struggle to separate supply vs demand11:58 - Inflation expectations and post-COVID sensitivity14:46 - Are central banks over-reliant on flawed inflation models?18:49 - AI as a positive supply shock: hype vs reality22:00 - Productivity booms, deflation, and policy challenges25:11 - Kevin Warsh, AI optimism, and the Fed's future direction29:33 - QE, QT, and the long-term impact on financial markets33:28 - The “ratchet effect” and why the Fed can't shrink easily37:59 - Liquidity: abundant or an illusion?41:38 - Are markets addicted to central bank liquidity?44:21 - Fiscal dominance and the long-term risk to central banks53:54 - Stablecoins, dollar dominance, and global demand59:10 - Private credit and the evolving financial system01:00:49 - Books, learning, and building a career in macroCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

What should we expect from the Fed as Kevin Warsh takes over as Chairman this week?Given the inflationary oil price shock from the US-Iran war, are rate cuts now off the table?Are rate *hikes* possible ahead?For answers, we're incredibloy fortunate to welcome back to the program Dr Thomas Hoenig, former CEO of the Kansas City Fed, former voting member of the Federal Open Market Committee, a former director of the FDIC, and now a Distinguished Senior Fellow at the Mercatus Center.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#dollar #federalreserve #fiatcurrency _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/wp-content/uploads/2023/12/Thoughtful-Money-Disclosure-Document-12.6.23.pdf?pid=227Thoughtful Money Agreement: https://thoughtfulmoney.com/wp-content/uploads/2024/11/Thoughtful-Money-Agreement-Agreement.docx?pid=227IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

On this episode of the Hayek Program Podcast, Peter Boettke and Liya Palagashvili reflect on her journey from undergraduate student organizer to public intellectual, policy analyst, and Director of the Labor Policy Project. They discuss how Liya has approached her career with a startup mindset — exploring her work on the gig economy and portable benefits to create more dynamic and resilient labor markets. Along the way, they reflect on the importance of mentorship, “failing fast,” and the tension between holding a strong vision while remaining open to new evidence.Dr. Liya Palagashvili is a Senior Research Fellow and Director of the Labor Policy Project at the Mercatus Center at George Mason University and an alum of the Mercatus PhD Fellowship. Her research focuses on labor regulations, the gig economy, and the changing nature of work. She regularly writes for her Substack, Labor Market Matters.**This episode was recorded on March 31, 2026**Show Notes:Mary Catherine Bateson, Composing a Life (Grove Press, 2001)Casey B. Mulligan, The Redistribution Recession: How Labor Market Distortions Contracted the Economy (Oxford University Press, 2014)Edited by Richard A. Epstein, Mario J. Rizzo, and Liya Palagashvili, The Routledge Handbook of Classical Liberalism (Routledge, 2026)Angela Duckworth, Grit: The Power of Passion and Perseverance (Scribner, 2016)ParentDataIf you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!Follow the Hayek Program on Twitter: @HayekProgramFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

America has historically led the way in intangible property rights. We were the first country to recognize copyright and patents in our constitution and became the first to recognize trade secrets as protectable assets in 1868. Property rules assume that the rights-holder has superior knowledge about how to use the property— when to share, when to exclude, and when to sell—and would do so without causing significant problems for others. Some see IP as a barrier to the free dissemination of ideas, art and inventions. Others argue that IP rights ensure control and appropriate returns for creators while unleashing an economic and creative engine that delivers trillions of dollars in value, high-quality jobs, life-saving medicines, and breathtaking works of beauty and ingenuity that wouldn’t otherwise exist.As modern debates swirl around everything from whether using copyrighted works to train generative AI should count as ‘fair use’, to whether medical diagnostic methods, business models and other abstract ideas should be patentable as they are overseas, to whether we should adopt European-style rules that treat privacy and data as a quasi-proprietary right or extend “rights of publicity” in the era of AI, this gathering of astute legal minds will return to first principles to explore a deceptively simple-sounding question: when should we recognize something as a property right? Join us for a deep dive into history, philosophy, and economics to understand some of the legal and policy dilemmas of our time, and whether and when expanding property rights is the answer.Featuring:Alden F. Abbott, Senior Research Fellow, Mercatus Center, George Mason University; Former General Counsel at the Federal Trade Commission (FTC)Prof. Jane Bambauer, Professor of Law and Journalism, University of FloridaJeffrey E. Depp, Senior Counsel for Law and Policy, Committee for Justice(Moderator) Satya Marar, Postgraduate Research Fellow, Mercatus Center, George Mason University

America has historically led the way in intangible property rights. We were the first country to recognize copyright and patents in our constitution and became the first to recognize trade secrets as protectable assets in 1868. Property rules assume that the rights-holder has superior knowledge about how to use the property— when to share, when to exclude, and when to sell—and would do so without causing significant problems for others. Some see IP as a barrier to the free dissemination of ideas, art and inventions. Others argue that IP rights ensure control and appropriate returns for creators while unleashing an economic and creative engine that delivers trillions of dollars in value, high-quality jobs, life-saving medicines, and breathtaking works of beauty and ingenuity that wouldn’t otherwise exist.As modern debates swirl around everything from whether using copyrighted works to train generative AI should count as ‘fair use’, to whether medical diagnostic methods, business models and other abstract ideas should be patentable as they are overseas, to whether we should adopt European-style rules that treat privacy and data as a quasi-proprietary right or extend “rights of publicity” in the era of AI, this gathering of astute legal minds will return to first principles to explore a deceptively simple-sounding question: when should we recognize something as a property right? Join us for a deep dive into history, philosophy, and economics to understand some of the legal and policy dilemmas of our time, and whether and when expanding property rights is the answer.Featuring:Alden F. Abbott, Senior Research Fellow, Mercatus Center, George Mason University; Former General Counsel at the Federal Trade Commission (FTC)Prof. Jane Bambauer, Professor of Law and Journalism, University of FloridaJeffrey E. Depp, Senior Counsel for Law and Policy, Committee for Justice(Moderator) Satya Marar, Postgraduate Research Fellow, Mercatus Center, George Mason University

India hasn't updated how political power is distributed across its states in five decades—and the consequences are mounting. At the heart of delimitation lies a fundamental tension: should representation follow population, or preserve a delicate federal balance? Successive governments chose to defer the question, freezing India's electoral map even as demographic divides deepened. The Modi government's recent push to overhaul the system brought these tensions into the open but ultimately failed to resolve them. Recently, Milan sat down with Shruti Rajagopalan of the Mercatus Center at George Mason University for a wide-ranging webinar on delimitation, representation, and the reshaping of Indian democracy. The two discussed how India reached the present impasse—and what happens next. Milan and Shruti unpack the constitutional rules governing delimitation, the scale of malapportionment in the Lok Sabha, and the politics behind the Modi government's failed 2026 push to overhaul the system. Plus, they discuss scenarios for the future. On this week's show, we present the audio and video from this recent conversation as a joint collaboration between Grand Tamasha and Shruti's Ideas of India podcast. Episode notes: Shruti Rajagopalan, “India's delimitation battles are costing its poorest voters,” Times of India, April 25, 2026. Shruti Rajagopalan, “Delimitation: At heart of row, value of a vote, fiscal imbalance,” Indian Express, April 23, 2026. M.R. Madhavan, “Implications of increasing the size of the Lok Sabha,” Hindu, April 16, 2024. Shruti Rajagopalan, “Demography, Delimitation, and Democracy,” Get Down and Shruti (Substack), July 3, 2023. Pranay Kotasthane, “India Policy Watch: Delimitation as an Opportunity for a Grand Bargain,” Anticipating the Unintended (Substack), June 18, 2023. Milan Vaishnav and Jamie Hintson, “India's Emerging Crisis of Representation,” Carnegie Endowment for International Peace, March 14, 2019.

On this episode of Virtual Sentiments, Kristen Collins speaks with Henry Farrell about AI, democracy, and political economy. Farrell argues that large language models are best understood not as emerging individual intelligences, but as “social technologies” that process and reorganize vast stores of human cultural information, much like markets, bureaucracies, and democracies process knowledge. The conversation explores deliberative democracy, civil society, Silicon Valley, AI regulation, and the risks of treating politics as an optimization problem. Farrell emphasizes the messiness of democratic life as essential to resisting authoritarianism and building a better future.Henry Farrell is the SNF Agora Professor of International Affairs at Johns Hopkins School of Advanced International Studies. He is the author of various books, including Underground Empire: How America Weaponized the World Economy (Henry Holt and Co., 2023) and Of Privacy and Power: The Transatlantic Fight over Freedom and Security (Princeton University Press, 2019), both coauthored with Abraham Newman, as well as The Political Economy of Trust: Institutions, Interests, and Inter-Firm Cooperation in Italy and Germany (Cambridge University Press, 2009).**This episode was recorded on January 7, 2026**Show Notes:Virtual Sentiments | State Capture and the Meaning of Democracy with Samuel BaggHenry Farrell's Substack, Programmable MutterHenry Farrell and Abraham Newman, The Enshittification of American Power (Wired, 2025)Henry Farrell and Hahrie Han, AI and Democratic Publics (Knight First Amendment Institute, 2025)Farrell, Gopnik, Shalizi, and Evans, Large AI models are cultural and social technologies (Science, 2025)Farrell, Mercier, and Schwartzberg, Analytical Democratic Theory: A Microfoundational Approach (APSR, 2022)Farrell, Where Trump is Vulnerable and How to Act on It (New York Times, 2025)Farrell, The Same Old Fantasies Behind AI and New Technology (Lawfare, 2025)Herbert A. Simon, The Sciences of the Artificial (The MIT Press, 1970)F.A. Hayek, The Use of Knowledge in Society (Liberty Fund, 2013)Cosma Shalizi, The Singularity in Our Past Light-Cone (Three-Toed Sloth, 2010)Andrew Lentini, Reimagining Democracy in the Age of AI (SNF Agora, 2024)Hugo Mercier and Dan Sperber, Why do humans reason? Arguments for an argumentative theory (BBS, 2011)North, Wallis, and Weingast, Violence and Social Orders (Cambridge University Press, 2009)Cory Doctorow, The Bezzle: A Martin Hench Novel (Tor Books, 2025)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatus

When Artemis II returned its crew safely to Earth, millions of people found themselves unexpectedly moved. The mission was a test flight, a proof-of-concept, and yet it felt like something far greater than the sum of its parts. In this episode, Casey Dreier, chief of space policy at The Planetary Society, sits down with Rebecca Lowe, philosophy senior fellow at the Mercatus Center at George Mason University, to explore the deeper meaning of humanity's return to deep space. Drawing on philosophy of mind, aesthetics, and theories of value, they unpack why human presence in space feels fundamentally different from even the most sophisticated robotic mission, and why that difference matters. Discover more at: https://www.planetary.org/planetary-radio/spe-philosophy-of-artemis-iiSee omnystudio.com/listener for privacy information.

Casey Dreier, chief of space policy at The Planetary Society, sits down with Rebecca Lowe, philosophy senior fellow at the Mercatus Center at George Mason University, to explore why human presence in space is so different from robotic missions, and why that difference matters.

Craig Newmark's career, in retrospect, looks like a series of deliberate subtractions: he kept Craigslist plain, stepped aside as CEO early on, gave his equity to his foundation, and now funds people and gets out of their way. His theory, arrived at gradually, is that recognizing your limitations and relying on your network is how you get more done. Tyler and Craig discuss why webpage design has gotten worse for 30 years, what Craig's "obsessive customer service disorder" taught him about human nature, why trusting people and maintaining a nine-second rule for scams aren't as contradictory as they sound, why roommate ads are a better way to find love, why Craigslist never added seller evaluations, why Leonard Cohen speaks to him more than Bob Dylan, what William Gibson's Neuromancer got right about the internet, why Jackson Lamb is now one of his role models, why large foundations lose accountability, what two painful Ivy League grants taught him philanthropy, what he gets from rescuing pigeons, the hard lesson he learned about confronting people who lie for a living, his favorite TV shows and movies, the one genuine luxury he can't go without, what he still needs to learn, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded April 14th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Craig 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. Timestamps: 00:00:00 - Intro 00:02:41 - Stepping Aside as CEO 00:04:20 - Customer Service and Social Skills 00:16:27 - Restaurants 00:18:06 - Music 00:19:27 - Science Fiction 00:20:14 - TV Shows 00:26:03 - Philanthropy 00:30:20 - Journalism 00:31:55 - Pigeons 00:32:50 - Entrepreneurship 00:35:09 - Craig's Personal Philosophy 00:37:37 - Major Regrets 00:39:17 - Audience Q&A 00:46:23 - Outro

On this episode of the Hayek Program Podcast, Peter Boettke talks with Bill Easterly about his new book, Violent Saviors: The West's Conquest of the Rest. Drawing on figures such as Adam Smith, P.T. Bauer, and Amartya Sen, Easterly argues that material progress alone cannot justify the denial of human dignity and consent. The conversation explores the idea of the “benevolent autocrat” and examines how both colonialism and modern development policy have too often treated people as objects of improvement rather than agents of their own lives. Along the way, Boettke and Easterly discuss state capacity, slavery, colonialism, migration, and post-communist transitions, making the case that freedom is not just a means to development but an end in itself.Dr. William Easterly is Professor Emeritus of Economics at New York University and Co-director Emeritus of the NYU Development Research Institute. He is the author of numerous books, including The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (Basic Books, 2014), The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good (Penguin Books, 2006), and The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (MIT Press, 2001).**This episode was recorded on February 2, 2026**Show Notes:Acemoglu and Robinson, The Narrow Corridor: States, Societies, and the Fate of Liberty (Penguin Books, 2020)Amartya Sen, Development As Freedom (Vintage, 2000)David Colander, Why aren't Economists as Important as Garbagemen? (Routledge, 1991)Matt Kibbe, Don't Hurt People and Don't Take Their Stuff: A Libertarian Manifesto (HarperCollins, 2015)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!Follow the Hayek Program on Twitter: @HayekProgramFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

On this episode of The Federalist Radio Hour, Charles Blahous, the J. Fish and Lillian F. Smith chair and senior research strategist at the Mercatus Center at George Mason University, joins Federalist Elections Correspondent Matt Kittle to discuss Virginia's looming gerrymandering referendum and explain why the Commonwealth's congressional map problem runs deeper than naked partisanship.The Federalist Foundation is a nonprofit, and we depend entirely on our listeners and readers — not corporations. If you value fearless, independent journalism, please consider a tax-deductible gift today at TheFederalist.com/donate. Your support keeps us going.

On this episode of The Federalist Radio Hour, Charles Blahous, the J. Fish and Lillian F. Smith chair and senior research strategist at the Mercatus Center at George Mason University, joins Federalist Elections Correspondent Matt Kittle to discuss Virginia's looming gerrymandering referendum and explain why the Commonwealth's congressional map problem runs deeper than naked partisanship. The […]

In this weekend's episode, three segments from this past week's Washington Journal. First: As millions of Americans filed their 2025 taxes this past week - a discussion with Wall Street Journal reporter Richard Rubin about how the Trump administration is actually scaling back tax enforcement. Then: Congressional hearings began this week on the President's 2027 budget request – including $1.5 Trillion dollars for defense spending. We'll dig into the numbers with Bobby Kogan of the Center for American Progress and Veronique de Rugy from the Mercatus Center. Finally: we end with a conversation with writer and truck driver - Gord Magill on his new book "End of the Road: Inside the War on Truckers." Learn more about your ad choices. Visit megaphone.fm/adchoices

For NSP 75, we spoke with Nathan Goodman about the violence of immigration restrictions and border militarization. We also discussed economics, big tent vs smaller tent alliances, and the relationship between anarchism and liberalism. Nathan Goodman is a Senior Research Fellow at the Mercatus Center at George Mason University, where he is a Senior Fellow at the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics. He has worked as a Postdoctoral Fellow at New York University, where he was affiliated with the Program on the Foundations of the Market Economy. He earned his PhD in economics from George Mason University. His research focuses on self-governance, civil liberties, and the militarization of U.S. border policies. Previously, he was the Lysander Spooner Research Scholar in Abolitionist Studies at the Center for a Stateless Society. He writes on Substack at Guns, Guards, and Govermant Links: https://gunsguardsandgovernance.substack.com/p/guns-guards-and-governance https://link.springer.com/article/10.1007/s10602-025-09499-8 https://link.springer.com/article/10.1007/s10602-024-09440-5 https://thehill.com/opinion/technology/5349890-cbp-drone-surveillance-los-angeles/ https://www.mercatus.org/hayekprogram/scholars/nathan-goodman Chapters: 00:00:00 Introduction 00:08:06 Differentiating Tendencies 00:16:00 Shifting Assessments of Allies 00:32:59 Anarchism and Liberalism 00:46:17 Immigration Policy Effects 00:58:20 The Backlash to ICE 01:12:19 Sanctuaries 01:21:17 Lightning Round and Outro Thanks for listening! Please like, comment, subscribe, and share! --- If you'd like to see more anarchist and anti-authoritarian interviews, please consider supporting this project financially by becoming a patron at https://www.patreon.com/nonserviammedia Follow Non Serviam Media Collective on: Bluesky https://bsky.app/profile/nonserviammedia.bsky.social Mastodon https://kolektiva.social/@nonserviammedia As well as Facebook, Instagram, and Threads. Connect with Lucy Steigerwald via: https://bsky.app/profile/lucystag.bsky.social https://mastodon.social/@LucyStag https://lucysteigerwald.substack.com/

Kim Bowes is an archaeologist at the University of Pennsylvania whose book, Surviving Rome: The Economic Lives of the Ninety Percent, Tyler calls perhaps his favorite economics book of 2025. By sifting through the material remains of Roman life — shoes, bricks, ceramics, and the like — she uncovers a picture of ordinary Romans who could evidently afford to buy multiple sets of colorful clothes, use gold coins for daily transactions, and eat peppercorns sourced from thousands of miles away. This vast web of commerce, she argues, both bound the empire together and provided the tax base that kept it running — and when it unraveled, Rome unraveled with it. Tyler and Kim discuss what would surprise a modern visitor to a Roman elite home, what early Roman Christianity actually looked like on the ground, why Romans never developed formal economic reasoning, what decentralized money-lending reveals about the Roman state, whether there were anything like forward markets, why Romans continued to use coins even as the empire debased them, the economics of Roman slavery, whether Roman recipes taste any good, the Romans as hyper-scalers rather than inventors, what Rome made of China and Egypt, why Kim's not a fan of the Vesuvius challenge, the practicalities of landscape archaeology, how a vast belt of factories along the Tiber Valley went undiscovered until twenty years ago, where to go on a three-week tour of the Roman Empire, what she thinks is ultimately behind Rome's unraveling, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded February 2nd, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler 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. Timestamps: 00:00:00 - Intro 00:01:06 - Roman Housing 00:08:28 - What Early Roman Christians Actually Believed 00:16:29 - Roman Economic Thought 00:18:39 - Roman Banking and Money Practices 00:28:48 - The Economics of Roman Slavery 00:31:56 - What Held The Roman Empire Together 00:36:46 - Roman Cookery 00:39:17 - The Romans as Masters of Scale 00:42:05 - Rome's Contact with Asia 0043:59 - The Vesuvius Challenge 00:45:13 - Ancient Carthage and the Fall of Rome 0049:43 - The Realities of Doing Archaeology 00:57:15 - Touring the Roman Empire 01:00:42 - Outro

On this episode of the Hayek Program Podcast, Chandran Kukathas delivers a keynote lecture at the 2023 Markets & Society conference arguing that an open society is best understood as a regime of toleration—one that can never be perfectly realized because every regime ultimately relies on power. He explores why toleration cannot be neatly limited by moral theory, why appeals to justice often beg the question, and how societies move closer to or further from openness depending on how they handle issues such as immigration and social integration. Along the way, he reflects on liberalism, pluralism, empire, and the challenge of sustaining a society open enough to accommodate different ways of life.Dr. Chandran Kukathas is Lee Kong Chian Chair Professor of Political Science at School of Social Sciences at Singapore Management University and a Distinguished Affiliated Fellow at the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. He is the author of many books, including Dialogues on Immigration and the Open Society (Routledge, 2025), Immigration and Freedom (Princeton University Press, 2021), and The Liberal Archipelago: A Theory of Diversity and Freedom (Oxford University Press, 2007). **This episode was recorded on October 22, 2023**If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!Follow the Hayek Program on Twitter: @HayekProgramFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

The White House wants states to drop certificate of need laws in hopes of lowering health care costs. Researchers and state leaders are split.Guests:Nate Adler, founder, GertieMatthew Mitchell, senior fellow, Fraser Institute; senior affiliated scholar, Mercatus Center at George Mason UniversityJill Horwitz, professor, Northwestern University Pritzker School of Law and Feinberg School of MedicineBo Watson, Tennessee state senatorAlyssa Black, Vermont state representativeAmy Cooper, founder, board president Green Mountain Surgery CenterLearn more and read a full transcript on our website.Want more Tradeoffs? Sign up for our free weekly newsletter featuring the latest health policy research and news.Support this type of journalism today, with a gift. Hosted on Acast. See acast.com/privacy for more information.

On this episode of Virtual Sentiments, Kristen Collins speaks with political theorist Samuel Bagg about his recent book The Dispersion of Power: A Critical Realist Theory of Democracy (Oxford University Press, 2024). Instead of understanding democracy as an idealized process of collective self-rule, Bagg argues that democracy's core purpose is to prevent any one group from capturing the state. The conversation explores how this focus on state capture reshapes debates about populism, technocracy, and liberalism, while offering a more realistic account of how power operates in modern societies. Collins and Bagg also discuss the dangers of over-intellectualizing politics, the limits of deliberative democracy, and the role of inequality and private power in shaping political outcomes. The episode closes with a forward-looking discussion of democratic renewal, emphasizing the importance of organizing, civic infrastructure, and building countervailing power in civil society as essential to resisting authoritarianism and sustaining democratic life.Show Notes:Virtual Sentiments | Deva Woodly on Civil Society and the Politics of CareAlex Opera, Adam Smith on Political Judgment: Revisiting the Political Theory of the Wealth of Nations (The Journal of Politics, 2022)Paul Sagar, The real Adam Smith (Aeon, 2018)Tyler McBrien, What is ‘State Capture'? A Warning for Americans (New York Times, 2025)Samuel Bagg, Democratic Disenchantment (Boston 50 Review, 2024)Samuel Bagg, Would you sit on a jury to review government regulations? (The Conversation, 2024)Theory of Virtual Sentiments | On Adam Smith's Critique of State Capture**This episode was recorded August 29, 2025.**If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatus

Click here to find Tyler's new generative book, The Marginal Revolution: Rise and Decline, and the Pending AI Revolution! Arthur Brooks reckons he's on the fourth leg of a spiral-shaped career: French horn player, economist, president of the American Enterprise Institute, and now Harvard professor and evangelist for the science of happiness. His new book, The Meaning of Your Life: Finding Purpose in an Age of Emptiness, argues that happiness isn't a feeling but a combination of enjoyment, satisfaction, and meaning — the macronutrients of happiness, he calls them — and that most of us are gorging on the wrong ones. Tyler, naturally, wants to know: what's the marginal value of a book on happiness, and what does spiral number five look like? Along the way, Tyler and Arthur cover how scarcity makes savoring possible and why knowing you'll die young sharpens the mind, what twin studies tell us about the genetics of well-being and why that's not actually depressing, the four habits of the genuinely happy, the placebo theory of happiness books, curiosity as an evolved positive emotion, the optimal degree of self-deception, why Arthur chose Catholicism rather than Orthodoxy, what the research says about accepting death, how he became an economist via correspondence school, AI's effect on think tanks, the future of classical music, whether Trumpism or Reaganism is the equilibrium state of American conservatism, whether his views on immigration have changed, what he and Oprah actually agree on, which president from his lifetime he most admires, Barcelona versus Madrid, what 60-year-olds are especially good at, why he's reading Josef Pieper, how he'll face death, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded March 19th, 2026. This episode was made possible through the support of the John Templeton Foundation. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Arthur 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. Timestamps: 00:00:00 - Intro 00:02:10 - The Macronutrients of Happiness 00:07:54 - What Happiness Books are Worth 00:12:28 - The Habits of the Happiest People 00:14:27 - Why the Young Reject Happiness Advice 00:17:35 - Curiosity's Role in Happiness 00:20:22 - Self-Deception 00:22:04 - Facing Death 00:25:44 - Choosing a Religion 00:28:41 - Immigration 00:30:27 - The American Right Wing 00:33:55 - AI's Role in Happiness 00:37:12 - What Drives Generosity 00:38:37 - Oprah's Political Views 00:40:16 - Which Political Leaders Arthur Admires 00:41:59 - The Best French Horn Players 00:43:40 - Arthur's Spiral of Careers 00:48:20 - The Future of Think Tanks 00:49:50 - The Future of Classical Music 00:51:27 - Living in Spain 00:55:34 - Age and Peak Performance 00:56:12 - What Arthur Will Do Next 00:59:14 - Outro Image Credit: Jenny Sherman

On this episode of the Hayek Program Podcast, Peter Boettke talks with former U.S. Senator Phil Gramm and Don Boudreaux about their new book, The Triumph of Economic Freedom, a sweeping challenge to seven persistent myths about American capitalism. The conversation ranges from the Industrial Revolution and the Great Depression to the financial crisis. Along the way, they reflect on why these myths endure, why economic freedom has done more than any other force to improve the lives of ordinary people, and why economists and educators must keep returning to history and basic economic reasoning in an age when old policy errors are constantly resurrected in new forms.Dr. Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate where he was Chairman of the Banking Committee. Gramm is a Visiting Scholar at the American Enterprise Institute. He was Vice Chairman of UBS Investment Bank and is now Vice Chairman of Lone Star Funds. He taught Economics at Texas A&M University and has published numerous articles and books including The Myth of American Inequality: How Government Biases Policy Debate (Bloomsbury Publishing, 2024), coauthored with Robert Ekelund and John Early, a Wall Street Journal Best Book of 2022 and winner of the 2024 Hayek Book Prize.Dr. Boudreaux is a Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University; a Professor of Economics and former economics-department chair at George Mason University; an Adjunct Scholar at the Cato Institute; and holds the Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center. He is the author of numerous books, including The Essential Hayek (Fraser Institute, 2015) and Globalization (Greenwood Press, 2007).Show Notes:Sven Beckert's, Capitalism: A Global History (Penguin Press, 2025)Thomas Sowell's, A Conflict of Visions: Ideological Origins of Political Struggles: Revised Edition (Basic Books, 2007)Adam Smith's, An Inquiry into the Nature and Causes of the Wealth of Nations (Liberty Fund, 1982)Milton and Rose Friedman's, Free to Choose: A Personal Statement (Harper Collins Publishers, 1990)Fraser Institute | Realities of Socialism**This episode was recorded on February 25, 2026**If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!Follow the Hayek Program on Twitter: @HayekProgramFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Buy tickets for the live Conversations with Tyler recording with Craig Newmark at 92NY! Tyler calls Paul Gillingham's new book, Mexico: A 500-Year History, the single best introduction to the country's past—and one of the best nonfiction books of 2026. Paul brings both an outsider's eye and ground-level knowledge to Mexican history, having grown up in Cork — a place he'd argue gave him an instinctive feel for fierce local autonomy and land hunger —earning his doctorate on the Mexican Revolution under Alan Knight at Oxford, and doing his fieldwork in the pueblos of Guerrero. He and Tyler range across five centuries of Mexican history, from why Mexico held together after independence when every other post-colonial superstate collapsed, to why Yucatán is now one of the safest places on earth, what two leaders from Oaxaca tell us about Mexican politics, how Mexico avoided the military coups that plagued the rest of Latin America, what Cárdenas's land reform actually achieved versus what it promised, whether the ejido system held Mexico back, why Mexico worried too much about land and not enough about human capital, how Mexico's fertility rate fell below America's, why Guerrero has been violent for two centuries, why the new judicial reforms are a disaster, where to find the best food in Mexico and Manhattan, what a cache of illicit Mexican silver sitting on a ship in the English Channel has to do with his next book, and more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded February 27th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler 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. Timestamps: 00:00:00 - Intro 00:01:30 - Post-Independence Mexico 00:05:18 - Peace in Yucatán 00:6:54 - Quintana Roo 00:08:24 - Mexican Infrastructure 00:10:26 - Oaxaca 00:13:54 - Great Food Outside Cities 00:16:39 - Leaders from Coahuila 00:17:50 - Military Rule and Civil War in Mexico 00:21:47 - The Cárdenas Regime 00:24:03 - The Ejido System 00:25:49 - Human Capital 00:40:59 - Doing Mexican History as a Brit 00:42:43 - Guerrero 00:48:37 - Michoacán Violence 00:50:44 - Monterrey 00:52:40 - Judicial Reforms 00:54:44 - The Best Mexican Film, Music, and Novel 00:59:42 - The Best Trip Around Mexico 01:04:05 - Outro

Newt talks with Jack Salmon, Gibbs Scholar and Research Fellow at the Mercatus Center at George Mason University. They discuss the introduction of wealth taxes in several U.S. states, including California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York, and Washington, which are targeting high net worth individuals. This has led to a migration of wealthy individuals to states with no such taxes, like Florida and Texas. Washington State, which previously had no income tax, has introduced a 9.9% tax on income over a million dollars, contributing to a significant exodus of high earners, including notable figures like Jeff Bezos. Their discussion highlights the economic consequences of such tax policies, including the loss of tax revenue and potential negative impacts on local economies. The also discuss the importance of fiscal responsibility at the state level and the need for states to prepare for potential federal funding reductions based on the increasing national debt.See omnystudio.com/listener for privacy information.

0:30 - Tom Homan: Dems sold this country out for future political power 19:46 - Markmayne Mullin vs. Rand Paul at confirmation hearing 40:13 - DHS/ICE/TSA 59:47 - Eliot Wilson, contributing editor at Defence On The Brink and senior fellow for national security at the Coalition for Global Prosperity: Should NATO help America defend the Strait of Hormuz? 01:12:02 - Scott McKay, publisher of TheHayride.com & Senior Editor at The American Spectator: The Abysmal Quality of the GOP Senate Caucus Is the Real Issue, and the SAVE Act Mess Has Made That Clear. Scott is author of the new novel Blockbusters, which is available at Amazon 01:33:08 - Jack Salmon of the Mercatus Center on the exploding cost of health care fraud — and how much it’s hitting American taxpayers. Check out Jack’s substack The Unseen & Unsaid 01:49:22 - Brian Carter, fellow with the Critical Threats Project at the American Enterprise Institute: U.S. Military Trajectory in Iran Is Relatively Positive. Follow Brian on X @brian_cartr 02:07:11 - Afroman 02:18:21 - Why Dan Proft is SingleSee omnystudio.com/listener for privacy information.

Sign up for the live Conversations with Tyler recording with Craig Newmark at 92NY! Few living scholars can claim to have shaped how we read Machiavelli as decisively as Harvey Mansfield. His new book, The Rise and Fall of Rational Control, argues that Machiavelli didn't just write about politics—he invented the intellectual machinery of the modern world, starting with the concept of "effectual truth," which Mansfield credits as the seed of modern empiricism. At 93, after 61 years of teaching at Harvard, Mansfield remains cheerfully unimpressed by most of contemporary philosophy, convinced that the great books are self-sustaining, and that irony is what separates serious philosophy from the rest. Tyler and Harvey discuss how Machiavelli's concept of fact was brand new, why his longest chapter is a how-to guide for conspiracy, whether America's 20th-century wars refute the conspiratorial worldview, Trump as a Shakespearean vulgarian who is in some ways more democratic than the rest of us, why Bronze Age Pervert should not be taken as a model for Straussianism, the time he tried to introduce Nietzsche to Quine, why Rawls needed more Locke, what it was like to hear Churchill speak at Margate in 1953, whether great books are still being written, how his students have and haven't changed over 61 years of teaching, the eclipse rather than decline of manliness, and what Aristotle got right about old age and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded January 22nd, 2026. This episode was made possible through the support of the John Templeton Foundation. Other ways to connect Follow us on X and Instagram Follow Tyler 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. Timestamps: 00:00:00 - Bumper 00:00:36 - Intro 00:01:20 - Machiavelli's "Effectual Truth" 00:05:56 - Conspiracy Theories 00:12:39 - The Vulgarity of Democracy 00:16:35 - The Future of Straussianism 00:34:30 - Why the Supply of Great Books has Dried Up 00:37:56 - Rational Control vs. Spontaneous Order 00:40:25 - Winston Churchill 00:43:30 - Students at Harvard 00:46:05 - Manliness 00:47:34 - Death and Politics 00:48:56 - Outro  Image Credit: Erin Clark via Getty Images

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

Hour 2 for 3/12/26 Drew and Elizabeth pray the Chaplet of Divine Mercy (1:00). Then, Veronique de Rugy from the Mercatus Center discusses new tax proposals from Democratic Senators (31:15). Topics: government spending (34:53), left-leaning listener doesn't like the proposals (40:51), and a consumption tax (44:41). Links: https://x.com/veroderugy https://www.mercatus.org/

Sign up for the Chicago CWT Listener Meetup. Henry Oliver is the preeminent literary critic for non-literary nerds. His Substack, The Common Reader, has thousands of subscribers drawn in by Henry's conviction that great literature is where ideas "walk and talk amongst the mess of the real world" in a way no other discipline can match. Tyler, who has called Henry's book Second Act "one of the very best books written on talent," sat down with him to compare readings of Measure for Measure and range across English literature more broadly. Tyler and Henry trade rival readings of the play, debate whether Isabella secretly seduces Angelo, argue over whether the Duke's proposal is closer to liberation or enslavement, trace the play's connections to The Merchant of Venice and The Rape of Lucrece, assess the parallels to James I, weigh whether it's a Girardian play (Oliver: emphatically not), and parse exactly what Isabella means when she says "I did yield to him," before turning to the best way to consume Shakespeare, what Jane Austen took from Adam Smith, why Swift may be the most practically intelligent writer in English, how advertising really works and why most of it doesn't, which works in English literature are under- and overrated, what makes someone a late bloomer, whether fiction will deal seriously with religion again, whether Ayn Rand's villains are more relevant now than ever, and much more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded January 12th, 2026. This episode was made possible through the support of the John Templeton Foundation. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Henry 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. Timestamps: 00:00:00 - Intro 00:01:40 - What Shakespeare is really saying in Measure for Measure 00:29:17 - The best way to consume Shakespeare 00:32:26 - Jane Austen, Adam Smith, and Jonathan Swift 00:39:29 - Advertising that works 00:44:37 - Things that are under- and overrated in literature 00:51:24 - Late bloomers 00:58:36 - Outro  Image Credit: Sam Alburger

Veronique de Rugy of the Mercatus Center explains how bipartisan spending on entitlement programs like Social Security and Medicare drives national debt, arguing that American consumers, not foreign nations, primarily bear the economic burden of tariffs. 141908 NYSE

1.Jeff Bliss reports a deadly avalanche in Lake Tahoe claimed nine lives due to dry uncompacted snow, severe storms are causing heavy snowfall at Donner Pass and flooding the Los Angeles River, while Las Vegas faces declining foot traffic and Los Angeles battles rampant copper wire theft. 12.Jeff Bliss covers California's upcoming gubernatorial jungle primary with Democrat Eric Swalwell and Republican Steve Hilton as early frontrunners, Spencer Pratt challenging Mayor Karen Bass in Los Angeles, and Governor Gavin Newsom positioning himself for a 2028 presidential run on an anti-Trump platform. 23.Gene Marks reports that despite a disappointing fourth-quarter GDP growth rate of 1.4 percent and sluggishness in shipping and chemical sectors, small businesses remain surprisingly resilient with optimism above average and continued hiring plans even as AI integration remains limited. 34.Gene Marks discusses the Supreme Court ruling the administration's April 2025 emergency tariffs unconstitutional, leaving billions in collected funds in limbo, though the administration will likely utilize the Trade Acts of 1962 and 1974 to continue imposing targeted tariffs without congressional approval. 45.Jim McTague reports Lancaster County reflects the national 1.4 percent GDP slowdown with flat retail, consumer price fatigue, and plummeting restaurant traffic due to rising costs and weight-loss drugs, while Washington DC lobbying and local health and construction sectors remain strong. 56.Lorenzo Fiori reports the Milan Winter Olympics are proceeding successfully amidst beautiful snow with rumors of a Donald Trump visit for the hockey finals, while extreme weather has caused dangerous Alpine avalanches and the tragic collapse of the historic Lover's Arch on the Adriatic coast. 67.Bob Zimmerman of Behind the Black reports NASA successfully completed a wet dress rehearsal for the Artemis IImission targeting a March 6th launch, while a NASA report classified Boeing's Starliner failure as a severe Type A emergency prompting tighter control as SpaceX competition thrives. 78.Bob Zimmerman reports Japanese private space startup ispace is struggling with severe engine development problems for its lunar landers, while archival images from New Horizons reveal Pluto's bizarre splotched surface and floating ice mountains, and a newly discovered dim galaxy hints at dark matter's vastness. 89.Sir Max Hastings details the daring glider assault to capture the Orne River bridge, where Major John Howard'stroops achieved total surprise, securing a vital link for British airborne and seaborne forces on D-Day itself. 910.Sir Max Hastings discusses General Montgomery's expanded vision for D-Day and the initial chaos of the airborne landings, noting that despite the shambles at Merville battery, paratroopers' bravery confused German defenders and secured the mission's early vital stages. 1011.Sir Max Hastings highlights Major General Richard Gale's calm leadership during the chaotic airborne drops, with success relying on British deception plans and Rommel's absence preventing early German counterattacks against the beaches on D-Day. 1112.Sir Max Hastings describes specialized armored funnies that supported British landings on Sword Beach, noting that while technically successful, heavy traffic and Montgomery's overly ambitious objectives prevented the Allies from capturing Caen on D-Day. 1213.Henry Sokolski of the Nonproliferation Policy Education Center critiques the inconsistency of threatening war against Iran over its nuclear program while simultaneously considering a deal to allow Saudi Arabia uranium enrichment capabilities under less stringent international oversight. 1314.Veronique de Rugy of the Mercatus Center explains how bipartisan spending on entitlement programs like Social Security and Medicare drives national debt, arguing that American consumers, not foreign nations, primarily bear the economic burden of tariffs. 1415.Professor Richard Epstein of the Hoover Institution analyzes constitutional limits of presidential authority to fire independent agency officials, discussing historical precedents like Humphrey's Executor and critiquing legal reasoning behind maintaining quasi-judicial independence within the executive branch. 1516.Professor Richard Epstein predicts the Supreme Court may strike down tariffs, arguing that trade deficits do not constitute legal emergencies, while also discussing the potential for the Court to preserve the Federal Reserve'sindependence from executive control. 16

Newt talks with Liya Palagashvili, a senior research fellow at the Mercatus Center at George Mason University about the potential impact of artificial intelligence (AI) on the labor market. Their conversation highlights the transformative potential of AI in reorganizing work, potentially leading to a shift towards self-employment and independent entrepreneurship. Liya emphasizes that AI can empower workers by automating mundane tasks, allowing them to focus on more valuable activities, and suggests that AI might change how work is organized rather than simply replacing jobs. Their discussion also touches on the historical context of technological advancements, noting that while some jobs are lost, new markets and occupations emerge, leading to overall job growth. They conclude with a discussion on the role of education in preparing for an AI-driven future, considering different approaches to integrating AI into learning environments.See omnystudio.com/listener for privacy information.

When Tyler called Joe Studwell's How Asia Works "perhaps my favorite economics book of the year" back in 2013, he wasn't alone: it became one of the most influential treatments of industrial policy ever written. Now Studwell has turned his attention to Africa with How Africa Works. Tyler calls it excellent, extremely well-researched, and essential reading, but does Studwell's optimism about the continent hold up under scrutiny? Tyler and Joe explore whether population density actually solves development, which African countries are likely to achieve stable growth, whether Africa has a manufacturing future, why state infrastructure projects decay while farmer-led irrigation thrives, what progress looks like in education and public health, whether charter cities or special economic zones can work, and how permanent Africa's colonial borders really are. After testing Joe's optimism about Africa, Tyler shifts back to Asia: what Japan and South Korea will do about depopulation, why industrial policy worked in East Asia but failed in India and Brazil, what went wrong in Thailand, and what Joe will tackle next. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded January 23rd, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler 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. Image Credit: Nick J.B. Moore

SHOW SCHEDULE 2-13-20261909 BENGAL1.Jeff Bliss discusses Governor Newsom's mixed popularity in California, highlighting failures in housing affordability, rising homelessness, and the costly, delayed high-speed rail project undermining his national ambitions.2.Jeff Bliss reports on Las Vegas's growth as Californians relocate there, the continued success of In-N-Out Burger, and the irony of California's beautiful weather amidst persistent economic troubles.3.Jeff Bliss and Brandon Weichert debate the AI boom, predicting a market correction followed by a second wave where robotics and AI integration fundamentally transform the global economy.4.Conrad Black reflects on former Prime Minister Stephen Harper's conservative achievements and analyzes current leader Pierre Poilievre's similar but more comprehensive vision to rescue Canada's stagnating economy.5.Veronique de Rugy of the Mercatus Center analyzes tensions between the President and the Federal Reserve, warning against fiscal dominance where political pressure regarding debt forces the Fed to lower rates.6.Jim McTague describes Lancaster County's freezing tundra weather, inflation impacting Valentine's Day sales, and a significant financial windfall for local government from a new data center.7.Michael Munger reviews George Selgin's book False Dawn, arguing that regime uncertainty from FDR's arbitrary New Deal policies hindered investment and actually prolonged the Great Depression.8.Michael Munger explains how post-WWII economic recovery defied Keynesian predictions of doom due to the removal of government controls and a massive release of pent-up consumer demand.9.Josh Rogin discusses the trade conflict between the US and India, noting that tariffs were used as leverage regarding Russian oil and Modi's diplomatic de-risking from Washington.10.Josh Rogin analyzes the reopening of trade between Washington and Delhi, suggesting India is returning to a non-aligned strategy despite improved relations and adjusted tariff rates.11.Bill Roggio and Caleb Weiss of the Long War Journal discuss a sophisticated Islamic State drone attack on an airfield in Niger, highlighting security failures by the Russian Africa Corps that replaced US forces.12.Bill Roggio and Caleb Weiss provide updates on Somalia including relative success against Al-Shabaab leadership, while reports confirm Russian deceptive recruitment of Africans for the war in Ukraine.13.Henry Sokolski of the Nonproliferation Policy Education Center analyzes the crumbling Non-Proliferation Treaty, citing Iran's inspection violations and China's nuclear expansion as critical challenges for the upcoming international review conference.14.Henry Sokolski critiques the chaotic government response to a balloon over El Paso, arguing the incident exposes dangerous coordination flaws in America's homeland security apparatus and interagency communication.15.Bob Zimmerman of Behind the Black contrasts SpaceX's routine success with ULA's technical struggles, attributing the booming private space sector and massive investments to a shift toward capitalist models.16.Bob Zimmerman covers ESA's fast-tracked Apophis asteroid mission, a commercial attempt to resÅcue a NASAtelescope, and the contrasting regulatory environments of the UK and New Zealand for space launches.Å

Veronique de Rugy of the Mercatus Center analyzes tensions between the President and the Federal Reserve, warning against fiscal dominance where political pressure regarding debt forces the Fed to lower rates.1930 FDR AND SARA

Veronique de Rugy of the Mercatus Center discusses Kevin Warsh's potential Fed chairmanship, highlighting his focus on price stability and a proposed accord to reduce Treasury pressure on the central bank.1903

2-5-261900 SINGAPORESHOW SCHEDULE2-5-2026SINGAPORE 19401Mary Anastasia O'Grady of the Wall Street Journal discusses the Panama Supreme Court's ruling removing Chinese port contracts, correcting misconceptions about Chinese military control or ownership of the canal.2.Veronique de Rugy of the Mercatus Center argues that while Trump's deregulation aids growth, erratic tariffs and government industrial subsidies create uncertainty, functioning effectively as taxes that hinder the economy.3.Josh Birenbaum explains that while the Forever Fleet ensures Venezuelan oil compliance, long-term stability requires establishing the rule of law rather than indefinite military blockades off the coast.4.Eric Berger details NASA's urgent need for a new Mars telecommunications orbiter, debating between traditional builds or commercial partnerships to meet the critical 2028 launch window for future missions.5.Mary Anastasia O'Grady of the Wall Street Journal discusses the Panama Supreme Court's ruling removing Chinese port contracts, correcting misconceptions about Chinese military control or ownership of the canal.6.Veronique de Rugy of the Mercatus Center argues that while Trump's deregulation aids growth, erratic tariffs and government industrial subsidies create uncertainty, functioning effectively as taxes that hinder the economy.7.Josh Birenbaum explains that while the Forever Fleet ensures Venezuelan oil compliance, long-term stability requires establishing the rule of law rather than indefinite military blockades off the coast.8.Eric Berger details NASA's urgent need for a new Mars telecommunications orbiter, debating between traditional builds or commercial partnerships to meet the critical 2028 launch window for future missions.9.Professor Eve McDonald discusses Dido's legendary founding of Carthage, the city's strategic Mediterraneangeography, and its origins as a wealthy Phoenician trade hub connecting ancient civilizations.10.Professor Eve McDonald covers Carthaginian religion, including the controversial Tophet child sacrifices, and Hanno the Navigator's legendary exploration of the African coast expanding Punic knowledge of the world.11.Professor Eve McDonald explains how the First Punic War erupted over Sicily, transforming former allies Rome and Carthage into bitter enemies competing for Mediterranean dominance and trade supremacy.12.Professor Eve McDonald describes how Hamilcar Barca expands Carthaginian power into Spain to secure silver mines, raising his son Hannibal with military training to eventually fight Rome.13.Anatol Lieven critiques US hypocrisy regarding spheres of influence, comparing the Monroe Doctrine in Latin America to Russia's geopolitical stance toward Ukraine and its near abroad.14.Anatol Lieven discusses Estonia's call for dialogue with Moscow and the need for Europe to develop realistic defense and negotiation strategies regarding Russia rather than relying solely on American protection.15.Professor John Yoo of Berkeley Law compares actions against Venezuela to Jefferson's Barbary pirate war, arguing the executive has broad authority to initiate conflict without prior congressional approval.16.Professor John Yoo cites Hamilton to argue the president is constitutionally designed to act decisively against hemispheric threats like Venezuela, while Congress retains control over funding military operations

SHOW SCHEDULE 1-5-261Mary Anastasia O'Grady of the Wall Street Journal discusses the Panama Supreme Court's ruling removing Chinese port contracts, correcting misconceptions about Chinese military control or ownership of the canal.2.Veronique de Rugy of the Mercatus Center argues that while Trump's deregulation aids growth, erratic tariffs and government industrial subsidies create uncertainty, functioning effectively as taxes that hinder the economy.3.Josh Birenbaum explains that while the Forever Fleet ensures Venezuelan oil compliance, long-term stability requires establishing the rule of law rather than indefinite military blockades off the coast.4.Eric Berger details NASA's urgent need for a new Mars telecommunications orbiter, debating between traditional builds or commercial partnerships to meet the critical 2028 launch window for future missions.5.Mary Anastasia O'Grady of the Wall Street Journal discusses the Panama Supreme Court's ruling removing Chinese port contracts, correcting misconceptions about Chinese military control or ownership of the canal.6.Veronique de Rugy of the Mercatus Center argues that while Trump's deregulation aids growth, erratic tariffs and government industrial subsidies create uncertainty, functioning effectively as taxes that hinder the economy.7.Josh Birenbaum explains that while the Forever Fleet ensures Venezuelan oil compliance, long-term stability requires establishing the rule of law rather than indefinite military blockades off the coast.8.Eric Berger details NASA's urgent need for a new Mars telecommunications orbiter, debating between traditional builds or commercial partnerships to meet the critical 2028 launch window for future missions.9.Professor Eve McDonald discusses Dido's legendary founding of Carthage, the city's strategic Mediterraneangeography, and its origins as a wealthy Phoenician trade hub connecting ancient civilizations.10.Professor Eve McDonald covers Carthaginian religion, including the controversial Tophet child sacrifices, and Hanno the Navigator's legendary exploration of the African coast expanding Punic knowledge of the world.11.Professor Eve McDonald explains how the First Punic War erupted over Sicily, transforming former allies Rome and Carthage into bitter enemies competing for Mediterranean dominance and trade supremacy.12.Professor Eve McDonald describes how Hamilcar Barca expands Carthaginian power into Spain to secure silver mines, raising his son Hannibal with military training to eventually fight Rome.13.Anatol Lieven critiques US hypocrisy regarding spheres of influence, comparing the Monroe Doctrine in Latin America to Russia's geopolitical stance toward Ukraine and its near abroad.14.Anatol Lieven discusses Estonia's call for dialogue with Moscow and the need for Europe to develop realistic defense and negotiation strategies regarding Russia rather than relying solely on American protection.15.Professor John Yoo of Berkeley Law compares actions against Venezuela to Jefferson's Barbary pirate war, arguing the executive has broad authority to initiate conflict without prior congressional approval.16.Professor John Yoo cites Hamilton to argue the president is constitutionally designed to act decisively against hemispheric threats like Venezuela, while Congress retains control over funding military operations.

Newt talks with Thomas Hoenig, a former Federal Reserve official and Distinguished Senior Fellow at the Mercatus Center, about the nomination of Kevin Warsh as the new Chairman of the Federal Reserve. President Trump’s decision has sparked discussion on Warsh's economic policies. Warsh, known for his hawkish views, is concerned about national debt and quantitative easing, which may lead to tighter policies than President Trump desires. Hoenig believes Warsh is a good choice due to his understanding of markets and fiscal policies, although he will face pressure to implement rate cuts. The independence of the Federal Reserve is emphasized, with Warsh expected to maintain a balance between being friendly to the President and upholding the Fed's independence. His nomination has influenced market behavior, with significant drops in gold and silver prices, reflecting expectations of tighter monetary policy under Warsh. The political landscape is also affected, with discussions on the potential challenges Warsh might face in the Senate confirmation process and the implications of ongoing legal cases involving Federal Reserve officials. The role of the Federal Reserve in the economy is highlighted, with its policies significantly impacting inflation, interest rates, and overall economic stability.See omnystudio.com/listener for privacy information.