Podcasts about Mercatus Center

Veronique de Rugy of the Mercatus Center details the alarming surge of the United States gross national debt to record heights, exceeding forty trillion dollars. She argues that the country suffers from an out-of-control spending problem rather than a lack of tax revenue, citing massive unpaid pandemic spending. De Rugy blames both political parties for avoiding structural reforms and warns of the critical 2032 deadline when Social Security and Medicare funding will face automatic, severe cuts. She predicts that Congress will resort to further debt and inflation, which will heavily penalize the public, while indebted European nations face similar struggles. (3)

TONIGHT-CONTENTS-8-26-2026California Swells Weather And Nevada CasinosJeff Bliss discusses a massive southern ocean swell creating rare surfing conditions at Newport Harbor's channel. Driven by an intense tropical storm off Mexico, California is experiencing unprecedented humidity and a nearly five-degree Fahrenheit rise in ocean temperatures, prompting a surge in marine life including hammerhead and great white sharks. Turning to Nevada, Bliss describes the K-shaped economy, where Las Vegas strip casinos profit from wealthy international tourists, while local traffic declines. He details In-N-Out's slow, quality-controlled eastward expansion and concludes with Berkeley's controversial, permissive approach toward housing campus homeless encampments, noting they receive government-funded clean needles and glass pipes. (1)Separation Of Powers And Election FraudRichard Epstein discusses a federal ruling by Judge Indira Talwani blocking the Trump administration's postal mail-in voting regulations for the 2026 midterms. Epstein asserts the administration overstepped, as the Constitution explicitly delegates election regulation to Congress, not the executive. He criticizes Chief Justice John Roberts's defense of the unitary executive, calling his opinions a disgrace that allows executive power to swamp both the legislature and the judiciary. Lastly, Epstein references Paul Krugman's views on Trump's destructive physical and institutional teardown of Washington and laments how flawed standing doctrines prevent ordinary citizens from legally challenging executive overreach in federal court. (2)Veronique de Rugy of the Mercatus Center details the alarming surge of the United States gross national debt to record heights, exceeding forty trillion dollars. She argues that the country suffers from an out-of-control spending problem rather than a lack of tax revenue, citing massive unpaid pandemic spending. De Rugy blames both political parties for avoiding structural reforms and warns of the critical 2032 deadline when Social Security and Medicare funding will face automatic, severe cuts. She predicts that Congress will resort to further debt and inflation, which will heavily penalize the public, while indebted European nations face similar struggles. (3)Economic Boom In Idyllic Lancaster CountyJim McTague details the thriving post-pandemic economy of Lancaster County, Pennsylvania. Tourism remains robust, with attractions like the Renaissance Faire drawing two hundred thousand visitors annually. The local real estate market is red-hot, with retirees purchasing existing homes with cash and bid-ups creating million-dollar McMansions. McTague notes that rising inflation has packed Costco aisles with middle-class shoppers seeking the famous five-dollar loss-leader rotisserie chickens. He also discusses local commercial resistance to data centers, explaining how the impoverished borough of Columbia rejected a lucrative data center deal that would have solved its fiscal deficits, while baby boomers power local restaurants. (4)Small Business Growth And AI IntegrationGene Marks reports on his travels, conversing with host John Batchelor about a Quebec credit union conference where executives discussed loans, competitiveness, and adopting AI in front and back offices. Due to high mortgage rates, credit unions are shifting focus toward commercial loans. In Atlanta's thriving steel industry, tariffs have boosted competitiveness, and companies are deploying AI-powered robotic arms, gloves, and dogs to improve safety. Finally, a recent Pew Research survey indicates that Gen X is leading AI adoption because older, established professionals feel more secure than younger generations, though Marks calls the fear of job loss an urban legend. (5)French Resistance And World War ExileJane Rogoyska, author of Hotel Exile: Paris in the Shadow of War, Part Two: Rogoyska details how German anti-fascists and French Jews fled Paris for Marseilles and Spain in 1941. While Heinrich Mann escaped successfully, philosopher Walter Benjamin tragically committed suicide at the Spanish border. Rogoyska notes that Samuel Beckettjoined the resistance after Paul Léon's arrest. The Abwehr, aided by the treacherous priest Robert Alesch, infiltrated resistance networks, but was sidelined as the Gestapo's brutality worsened. Post-war, the Lutetia hotel became a repatriation center processing concentration camp survivors. Beckett survived and wrote literary masterpieces, while Alesch was executed. (6)Nuclear Politics And Precision Guided WarfareHenry Sokolski, executive director of the Nonproliferation Policy Education Center, discusses the unpublicized nuclear cooperative agreement between the United States and Saudi Arabia. He warns host John Batchelor that keeping side agreements secret from the American public prevents Congressional oversight. Saudi Arabia refuses to sign the additional protocol for inspections, claiming it violates sovereignty. Sokolski also highlights Poland's conflicting stances on hosting nuclear weapons, Germany's interest in funding the United Kingdom's Trident submarine program, and how Russia uses precision-guided munitions to target civilians and demoralize Ukraine, moving nuclear weapons further into the background, concluding that this is the new reality. (7)Debating Environmental Politics Of Data CentersKevin Frazier leads a roundtable with Jim McTague and Simon Constable discussing the political and environmental backlash against data centers. Frazier details how Lancaster City welcomed data centers to erase its school district's deficit, while the poorer borough of Columbia rejected a lucrative deal due to local protests. Frazier argues that data centers are vital national infrastructure, defending the construction jobs they create and noting that blocking them harms the digital economy. Finally, Constable shares trivia from his Wall Street Journal quiz, revealing that Virginia leads the United States in data centers, followed globally by the United Kingdom. (8)V

On this edition of The Federalist Radio Hour, Jack Salmon, a Gibbs scholar and research fellow at George Mason University's Mercatus Center, joins Federalist Senior Elections Correspondent Matt Kittle to analyze why Americans flee blue states for red ones and explain what this signals about the state of the economy. Read more from Salmon here. 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 edition of The Federalist Radio Hour, Jack Salmon, a Gibbs scholar and research fellow at George Mason University's Mercatus Center, joins Federalist Senior Elections Correspondent Matt Kittle to analyze why Americans flee blue states for red ones and explain what this signals about the state of the economy. Read more from Salmon here. The Federalist Foundation […]

Luke Burgis left Wall Street after two years, founded a few successful companies in his twenties, then walked away to spend three years in a Roman seminary on the path to the priesthood. He now runs the Cluny Institute and teaches at Catholic University. His book Wanting made René Girard legible to a general audience; the new one, The One and the Ninety-Nine, takes mimetic theory into the dynamics of self and crowd in an age of social contagion. He joined Tyler to discuss whether the age of pessimism is ending, why the Anglo world in particular seems so unhappy, whether Dostoevsky or Thomas Mann better diagnoses modernity, the kind of reader his own book would ruin, why he thinks AI will make social contagion weaker, what put him off consulting with Anthropic on Claude's constitution, what effective altruism misses, why men and women are drifting apart, what he'd fund in every American city, the case for reintroducing friction, whether a Gnostic reading of the lost sheep explains our moment, what Rod Dreher gets right about withdrawal, why Genoa is Italy's most underrated city, what confession times reveal about a church, why Italians seem tired of their Catholicism, why he didn't become a priest, where he differs from Ross Douthat, why exorcists appear to be on the rise, the sudden mimetic antisemitism on the right, the book his 23-year-old self would have hated, what he secretly admires about Silicon Valley, why Michigan never left him, what the original Cluny can teach a modern talent network, how he hopes to face his own death, what he'll do next, and more. Read a transcript enhanced with helpful links, or watch the full video on YouTube. Recorded April 30th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Luke 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 00:05:08 - On overapplying mimetic theory 00:06:35 - On AI and social contagion 00:07:53 - On declining Anthropic's invitation 00:09:36 - On the widening gap between men and women 00:12:25 - On anti-mimetic postures, jazz, and porn 00:16:46 - On Genoa, Naples, and societal escape fantasies 00:18:31 - On Italian Catholicism 00:26:59 - On not becoming a priest 00:29:13 - On beauty, enchantment, and the Gnostic sheep 00:40:22 - On what Wall Street taught him 00:43:50 - On Michigan 00:45:12 - On the Cluny Institute 00:48:41 - On dealing with death and what else is next 00:51:21 - Outro Image credit: Kirth Bobb

Tyler Cowen is an economist, author, and professor who holds the Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and faculty director of the Mercatus Center. He co-authors the long-running economics blog Marginal Revolution with Alex Tabarrok, co-founded Marginal Revolution University, and hosts the interview podcast Conversations with Tyler. Cowen's books include The Great Stagnation, Average Is Over, and Talent; his newest project, The Marginal Revolution: Rise and Decline, and the Pending AI Revolution, is a free interactive book on the history of marginalist economics and the implications of AI for the field. Books: Marginal Revolution GOAT Talent ------ Thank you to the sponsors that fuel our podcast and our team: AGZ ⁠https://DrinkAG1.com/tetra⁠ ------ Squarespace ⁠https://Squarespace.com/tetra⁠ Use code 'TETRA' ------ Athletic Nicotine ⁠https://www.AthleticNicotine.com/tetra⁠ Use code 'TETRA' ------ Lectio 365 ⁠https://Lectio365.com⁠ ------ Sign up to receive Tetragrammaton Transmissions ⁠https://www.tetragrammaton.com/join-newsletter

Economics is often reduced to numbers and policy debates. But its deeper question is simple: How can people peacefully cooperate to improve their lives?That is the focus of my latest conversation with Abigail R. Hall, professor of economics at the University of Tampa, Senior Fellow with the Independent Institute, and Senior Affiliated Scholar with the Mercatus Center.Abby joined me to discuss her new book with , Austrian Economics: An Introduction. The book explains how human action, subjective value, prices, entrepreneurship, and dispersed knowledge allow people to cooperate without central direction.

Daron Acemoglu returns for his second appearance with a new book, What Happened to Liberal Democracy?, which Tyler reads as an attempt to redefine and revitalize liberalism for our times. Where Daron's first visit was about how states and societies contend for the narrow corridor in which liberty survives, this one asks what liberals themselves got wrong, and the answer implicates the educated elite—that is to say, you. Tyler and Daron discuss what's wrong with social contract theories and Rousseau's general will, whether Acemoglu is more objectivist than Rorty, why he blames left liberalism's own establishment power for its collapse, what standard is left once you refuse to have a book of higher values, nondomination versus noninterference, who counts as working class, why automation alone will not lead to widespread prosperity, how he can call himself a free speech absolutist while wanting to regulate social media, why he worries we've given up on educating Americans, whether teachers' unions need to be reconstituted, what the life expectancy for an educated twenty year old is today, whether open-source models undercut the centralization worry, what pro-worker AI actually means, why the fertility crisis leaves him strangely close to a real business cycle position, whether AI will raise his own already prodigious paper output, why Armenia has disappointed economically, what he wants to learn next, and more. Read a transcript enhanced with helpful links, or watch the full video on YouTube. Recorded July 15th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Daron 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 00:08:57 - On the working class vs. the elite 00:13:16 - On automation 00:22:33 - On free speech 00:27:22 - On immigration 00:31:08 - On artificial intelligence 00:50:36 - On Armenia 00:53:22 - On what comes next 00:54:51 - Outro Image credit: Bryce Vickmark

Hour 3 for 8/12/26 Drew and Matt Buonocore, Chief Financial Officer at Relevant Radio cover personal finance 101 (3:55). Topics: making a plan and a budget (6:28), farming (11:25), our cashless society (17:31), teaching about credit in high school (19:36), and debt (23:23). Then, Charles Gardner Senior Research Fellow at the Mercatus Center covers housing affordability (28:33). Topics: growing up in smaller houses (33:21), start homes (42:39), high rises (44:03), and flood insurance (49:59). Link: https://www.mercatus.org/scholars/charles-gardner

This year so far has been full of transition & challenge for the Federal Reserve, arguably the single most influential institution for the economy.The Chairmanship has been passed on from Jerome Powell to Kevin Warsh, who appears to want to chart a more hawkish and limited scope for the Fed.Inflation remains stubbornly above the 2% target. And elevated oil prices resulting from the US war with Iran are a new inflationary force outside of the Fed's control.Meanwhile bond yields are rising as former foreign buyers of US Treasurys, like China and Japan, are now actively reducing their net holdings. That doesn't please the Administration that just put Warsh in his seat.So what is the Fed most likely to do in the remainder of 2026?Is it well-positioned to handle these challenges of higher inflation and higher yields?Or are events slipping out of its control?For answers, we are incredibly fortunate to be able to turn to today's remarkably qualified panelists. Dr Judy Shelton is an economist, author, Senior Fellow at the Independent Institute and the author of Good as Gold How to Unleash the Power of Sound Money. She's a particularly qualified expert on today's topic because she served as an economic advisor to President Trump during his first term, and was nominated by him in 2020 for the Federal Reserve.And Dr Thomas Hoenig is the former CEO of the Kansas City Fed, a 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#federalreserve #bondyields #inflation _____________________________________________ 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/disclosureThoughtful Money Agreement: https://thoughtfulmoney.com/agreementIMPORTANT 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.

Julia Ioffe left the USSR as a child and came back as an adult journalist to find that the confident, credentialed women she remembered from her Soviet childhood had largely been supplanted by those chasing marriage and domesticity instead. That disorienting reversal is the engine of her book Motherland, a National Book Award finalist that reconstructs modern Russian history almost entirely through its women. Her account, drawn from her own family's history as well as the archives, keeps returning to one plain observation: Soviet policy pushed women into the workforce, the medical schools, and even into combat, while asking so little of men that low expectations became self-fulfilling—and Russia is still living with the results. Julia joined Tyler to discuss why so many of Russia's great constructivist painters were women, why the tsarist government established women's medical courses in 1872, changing attitudes towards abortion and birth control in the 20th century, why the Soviet regime turned prudish, how Khrushchev's plan to "replace the dead" institutionalized single motherhood, Russian superwomen, why Jewish men were a prized commodity amid rampant antisemitism, the cultural significance of flowers, why a few Russian names still dominate, why Russian women think Western feminists have their priorities backwards, how gender attitudes and autocracy feed into each other, three underrated Russian novels, what she wants to write about next, and more. Read a full transcript enhanced with helpful links, or watch the full video on YouTube.  Recorded April 7th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Julia 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 00:06:38 - Bolshevik feminism 00:08:41 - Birth control, abortion, and prudery 00:14:48 - The Russian mating market 00:23:06 - Russian superwomen 00:32:02 - The importance of flowers 00:37:35 - Common Russian names 00:39:51 - Russian vs. American feminism 00:44:23 - Gender attitudes and Russian politics 00:49:54 - Russian novels 00:54:33 - Outro Photo credit: Max Avdeev

On this episode of the Hayek Program Podcast, Peter Boettke sits down with Kristen Collins for a wide-ranging conversation on Adam Smith's moral philosophy and its intersection with theories of justice, sympathy, and political power. The conversation moves through the relationship between sympathy, moral imagination, and the origins of our sense of justice, drawing on Michelle Schwarze's work on sympathetic resentment, before turning to why economists have historically misread Smith as indifferent to the poor and powerless — despite Smith's own repeated siding with the weak against the powerful. Boettke and Collins also explore Smith's "man of system" passages as a caution against imposing utopian visions by force, discuss Judith Shklar's "liberalism of fear" in relation to Hayek, and close with an extended look at Collins's research on Jeremy Bentham's little-known Sotomion — a proposed institution designed to protect unmarried pregnant women from social shame while preserving their social connections, offering a striking counterpoint to Bentham's more famous Panopticon.Dr. Kristen Collins is a Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics and a Senior Research Fellow at the Mercatus Center at George Mason University. She hosts the Virtual Sentiments podcast, which features conversations with scholars and practitioners reflecting on the ethics and politics of technology. She is currently working on a book, Seeing and Being Seen: Spectatorship and Surveillance in Liberal Democracies, under contract with Oxford University Press.**This episode was recorded on June 2, 2026**Show Notes:Kristen Collins, “Observed without Sympathy: Adam Smith on Inequality and Spectatorship” (American Journal of Political Science, 2020)Virtual Sentiments | Maria Pia Paganelli on 250 Years of Adam Smith's Wealth of NationsVirtual Sentiments | Eileen Hunt on Mary Shelley and the Ethics of AIMartha C. Nussbaum, The Cosmopolitan Tradition: A Noble but Flawed Ideal (Harvard University Press, 2021)F.A. Hayek, “Individualism: True and False”Michelle Schwarze, Recognizing Resentment: Sympathy, Injustice, and Liberal Political Thought (Cambridge University Press, 2020)Carl Menger, “The Social Theories of Classical Political Economy and Modern Economic Policy”James R. Otteson, Adam Smith's Marketplace of Life (Cambridge University Press, 2012)Albert O. Hirschman, The Passions and the Interests: Political Arguments for Capitalism before Its Triumph (Princeton University Press, 2013)William Easterly, Violent Saviors: The West's Conquest of the Rest (Basic Books, 2025)Joshua L. Cherniss, Liberalism in Dark Times: The Liberal Ethos in the Twentieth Century (Princeton University Press, 2021)Jeremy Waldron, Political Political Theory: Essays on Institutions (Harvard University Press, 2016)Jeremy Waldron, One Another's Equals: The Basis of Human Equality (Harvard University Press, 2017)Judith N. Shklar, The Liberalism of Fear (Harvard University Press, 2026)Claire Keegan, Small Things Like These (Grove Press, 2021)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

Today my guests are my colleagues Shreyas Narla and Kadambari Shah. Shreyas is a research scholar and Kadambari is a research associate at the Mercatus Center with the India program. We talked about completing five years of the 1991 Project, how it started, it's scope, the oral histories of the reformers in 1991, papers, essays, fellowships and much more.  Recorded July 10th, 2026. Read a full transcript enhanced with helpful links. Prefer to watch this episode, see the full length video here. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Shreyas on X Follow Kadambari on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps: 00:00:00 - Intro 00:01:44 - The Origin Story 00:11:07 - Launching the Oral Histories Initiative 00:20:47 -Documentation and Memory 00:37:47 - Building the Repository 00:46:18 - The 1991 Project Website 00:58:11 - Walking with Giants 01:06:45 - Where are all the Women? 01:11:27 - Making Economic Reforms 'Sexy' Again 01:22:43 - The Importance of Intergenerational Interaction 01:34:33 - Incubating New Talent 01:41:39 - Gratitude and Acknowledgments 01:53:19 - Outro

On this episode of Virtual Sentiments, Kristen Collins talks with Katharine Jarmul about how transparency, open-source AI, and privacy intersect in today's debates over artificial intelligence. Together they unpack the differences between proprietary, open-weight, and truly open-source AI models. They also explore how AI companies shape user experiences through design choices that often remain invisible, why smaller task-specific models may offer important advantages over increasingly centralized frontier models, and what concepts like data sovereignty and individual autonomy mean in practice. Rather than framing AI as an inevitable force beyond public influence, Collins and Jarmul make the case that curiosity, transparency, and community participation can help people reclaim agency over the technologies shaping their lives.Katharine Jarmul is a data scientist who focuses her work and research on privacy and security in data science, deep learning and AI. She is the author of the well-received O'Reilly book, Practical Data Privacy, and has more than 10 years' experience in machine learning and AI, where she has helped build large-scale AI systems with privacy and security built in.**This episode was recorded on June 24, 2026**Show Notes:Probably Private: A newsletter on data privacy by Katharine JarmulYoutube Channel | Probably PrivateHow AI / ML Memorization Happens: RepetitionKatharine Jarmul, Busting AI Myths and Embracing Realities in Privacy & SecurityRobert McMillan, “How Heartbleed Broke the Internet — And Why It Can Happen Again” (WIRED, 2014)Sebastian Raschka, Build a Large Language Model (From Scratch)C. E. Shannon, “A Mathematical Theory of Communication” (The Bell System Technical Journal, 1948)Ken Yeung, “The New Side Hustle for Graduate Students: Training AI” (The AI Economy, 2025)Ruth Fowler, “I Work in Hollywood. Everyone Who Used to Make TV Is Now Secretly Training AI” (WIRED, 2026)Laura Kelley, “The Work of Helping A.I. Destroy Work” (NYT, 2026)Joel Mokyr, "The Intellectual Origins of Modern Economic Growth" (The Journal of Economic History, 2005)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

Andrew Graham-Dixon's new book, Vermeer: A Life Lost and Found, rests on the conviction that you cannot understand what's in a painting without knowing what its maker was thinking about. In Vermeer's case, that context includes a forgotten liberal sect — the Remonstrants and Collegiants, Christians without a church who believed peace would come through reading and toleration rather than a returning Messiah. Recover that world and a woman alone in a sunlit room is a radical image in a Europe where half of Germany had just died in war. If he's right, the label beside every Vermeer in every museum will one day have to change. Tyler and Andrew discuss whether it was inevitable we'd rediscover Vermeer, how that vanishingly rare sect left its fingerprints all over his life, why the Met has misread its own Allegory of the Catholic Faith, whether Vermeer painted for money or pointedly refused to, where the Gardner's stolen Concert might be, why Dutch music never blossomed as much as Dutch painting did, how the Church of England rivaled the Cultural Revolution in wiping out British art, whether you can still spot an English painting on sight, the love that saturates late Rembrandt and the mystery of his soaring print prices, the nail on the wall that proves two Vermeer paintings are a pair, why the French are to blame for George Stubbs lack of status, whether we can still love Malevich, why Andrews calls recent Richter "almost like printing money," why female artists and antique textiles remain absurdly cheap, why nobody builds beautiful neighborhoods any longer, 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 7th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Andrew 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 00:00:44 - The Mystery of Vermeer 00:12:53 - Dutch Music 00:15:51 - English Art 00:19:49 - Rembrandt 00:23:17 - Attributions 00:26:22 - Exhibitions and Restorations 00:30:05 - Underrated French Artists 00:35:16 - Howard Hodgkin 00:38:00 - Difficult-To-Love Artists 00:40:53 - Other Dutch Painters 00:44:20 - Contemporary Art 00:48:05 - Buying Art 00:50:39 - Neighborhood Aesthetics 00:54:39 - Advice for Aspiring Art Critics 00:56:14 - Outro Image Credit: Aliona Adrianova

On this episode of the Hayek Program Podcast, Peter Boettke sits down with Don Boudreaux to mark the 250th anniversary of Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations. Boudreaux reflects on his many years teaching a graduate seminar on Smith at George Mason University, the layers of insight he continues to discover on each re-read, and why so few professional economists ever read the book cover to cover despite its enduring relevance to questions of monopoly power, trade, taxation, and public debt. The conversation traces the relationship between The Wealth of Nations and Smith's earlier The Theory of Moral Sentiments, dismantling the old "Adam Smith Problem" and explaining why markets need both bourgeois virtue and hard institutional discipline to function. Boudreaux and Boettke also celebrate George Mason's distinctive culture as a "books department" shaped by mentors such as Roger Garrison, Walter Williams, and James Buchanan. Dr. Donald J. 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 and a Professor of Economics and former economics-department chair at George Mason University. He is the author of many books, including The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism (Rowman & Littlefield, 2025), The Essential Hayek (Fraser Institute, 2015), Hypocrites and Half-Wits: A Daily Dose of Sanity from Cafe Hayek (Free to Choose Press, 2012), and Globalization (Greenwood Press, 2007).**This episode was recorded on May 28, 2026**Show Notes:Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (Liberty Fund, 1982)Adam Smith, The Theory of Moral Sentiments (Liberty Fund, 1982)David Hume, A Treatise of Human Nature (Liberty Fund, 1896)John Maynard Keynes, The General Theory Of Employment, Interest, And Money (Harper Collins, 1965)James M. Buchanan, What Should Economists Do? (Liberty Fund, 1979)James M. Buchanan and Richard E. Wagner, Democracy in Deficit: The Political Legacy of Lord Keynes (Liberty Fund, 2000)George F. Will, The Conservative Sensibility (Grand Central Publishing, 2019)Liberty Matters | “Deirdre McCloskey and Economists' Ideas about Ideas”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

A Mercatus Center study of nearly 34 million interstate moves finds Americans are gravitating toward states with lower taxes and greater economic freedom — and Washington is among the top sources of people choosing Idaho. Chris Cargill of Mountain States Policy Center examines what's driving the shift and what it means for the region. https://www.clarkcountytoday.com/opinion/opinion-idaho-and-montana-are-winning-the-competition-for-americas-families/ #Opinion #Idaho #Montana #WashingtonState #Migration #TaxPolicy #MountainWest #EconomicFreedom #PacificNorthwest #MountainStatesPolicyCenter ---

Chase Koch grew up receiving Sunday philosophy lessons from his father Charles and, by his own account, spent most of them half asleep while his sister supplied the answers. The principles didn't land until he lived them: throwing tennis matches as a bored teenager, getting shipped off to shovel manure at a feed yard twelve hours later, then spending five years battling Brazilian bureaucracy to build a fertilizer terminal that should have taken one. Today he is Executive Vice President of Origination and Partnerships, leader and donor to Stand Together, plays lead guitar in a band named for the law of entropy, and has a new book with his father on principle-driven leadership. Chase and Tyler discuss if any of his father's lessons never stuck, the guilt-trip letter his grandfather wrote three months after Charles was born, why Chase started throwing tennis matches, what Rafa's grit taught him about stoicism, who he admired most from the 1992 Dream Team, whether the Spurs should jettison De'Aaron Fox, the David Gilmour solo that hooked him at eleven, what drew him to jam bands, how he built a boom-box business out of his parents' garage, why his father interviewed Snoop on a Zoom call during Covid, why his band is named for the second law of thermodynamics, what it's like working with MrBeast, how Koch Inc has evolved, what he learned from Marc Andreessen, the philosophy behind hiring the "farm team," why he is teaching himself to code with Claude at his fourteen-year-old's urging, where he's traveling next, 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 June 16th, 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 00:00:56 - Familial Influences 00:08:25 - Tennis and Basketball 00:15:00 - The Music Industry 00:28:36 - MrBeast 00:31:24 - The Evolution of Koch Industries 00:35:54 - The Midwest 00:44:37 - AI 00:49:01 - Politics 00:53:35 - Outro

The work of preserving, cultivating, and advancing liberty is a long-term game. Fads come and go, but the principles underlying a free society are fixed. And for decades, one of the shining stars in the constellation of liberty has been the Mercatus Center. Mercatus was founded in 1980 and has grown into a talent cultivator, […]

The work of preserving, cultivating, and advancing liberty is a long-term game. Fads come and go, but the principles underlying a free society are fixed. And for decades, one of the shining stars in the constellation of liberty has been the Mercatus Center. Mercatus was founded in 1980 and has grown into a talent cultivator, idea incubator, policy influencer, and all around force for free-market ideas. Its aim is to bridge the gap between ideas and real-world problems while investing in the long-term infrastructure for liberty. In fact, Mercatus does so much and does it so effectively, the organization can be tricky to pin down in your mind. On this episode of Giving Ventures, Mercatus Center Executive Director Ben Klutsey sits down with Peter to explore the history, vision, and scope of Mercatus.

Economist Mikayla Novak joins NSP to discuss her books Rainbow Liberty and Liberal Emancipation. We also talk about sociology, radical liberalism, fascist economy, and more. Mikayla Novak is a Senior Fellow in the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, at the Mercatus Center at George Mason University. She has an economics doctorate awarded by RMIT University in Melbourne, Australia, and a sociology PhD from The Australian National University in Canberra, Australia. Prior to academia in the U.S., Mikayla worked in the Australian public service as well as in think-tanks. Mikayla Novak is the author of several books, including the upcoming Routledge publication, Rainbow Liberty, and has authored over 30 peer-review journal articles. Her research interests include Austrian and evolutionary economics, institutional economics, public choice, and social philosophy and theory. Link: https://www.mercatus.org/hayekprogram/scholars/mikayla-novak https://www.routledge.com/Rainbow-Liberty-Liberal-Political-Economy-and-Queer-Freedom/Goodman-Lofthouse-Novak/p/book/9781041016441 https://link.springer.com/book/10.1007/978-3-031-94406-2 Chapters: 00:00:00 Introduction 00:12:17 Self-Governance without the State 00:17:21 Libertarian Thought Traps 00:20:37 Rainbow Liberty Book 00:33:05 Queerness and Markets 00:45:45 Charlotte Twight, Political Transaction Costs, and Technocratic Fascism 00:56:21 Liberal Emancipation Book 01:01:09 Radicalism via Don Lavoie 01:08:49 The Relevance of Sociology 01:11:28 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/

Every year, millions of Americans vote with their feet — packing up and crossing state lines in search of something better. But what exactly are they looking for? In this episode, Newt talks with Jack Salmon, research fellow at the Mercatus Center at George Mason University, to dig into his new policy brief analyzing 34 million interstate moves between 2018 and 2023. The results challenge some conventional wisdom: cost of living isn't the dominant driver, climate barely registers, and the red-state/blue-state narrative is more complicated than the headlines suggest. What actually predicts where Americans move? Tax burden, housing supply, and economic freedom — including the often-overlooked weight of occupational licensing and regulatory red tape. A data-driven conversation with real implications for every state legislator in America.See omnystudio.com/listener for privacy information.

Joel Mokyr co-won the 2025 economics Nobel for exploring the question that traces back to the beginning of economics: how did sustained economic growth suddenly become normal? For nearly all of human history, cleverness didn't compound. What changed, according to Mokyr, was twofold: first, you need to know why something works, so that one advance can seed the next; second, you need a culture willing to tolerate the disruption. His new book contrasts Europe with China, showing how Europeans learned to cooperate with people they weren't related to, in guilds, monasteries, cities, and universities, while China organized itself around the extended clan. One path led to internal stability and peace; the other, more restless and outward-looking, was the one that decided the world could always be made better. Tyler and Joel discuss European corporations vs. Chinese clans, why the Catholic Church became obsessed with cousin-marriage, how persistent cultural trends really are, why Chinese cities became so populous relative to Europe, why it took so long for European living standards to surpass China's, why sinified invaders kept getting swallowed by the dynasties they conquered, how geography kept Europe fragmented and China unified, where India fits into the story, why the Romans never made spectacles, why British soldiers stood two inches taller than the French, what powered the sudden rise of 19th-century German science, how disruptive winning a Nobel is, 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 20th, 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 - Intro 00:00:54 - Europe vs. China's Paths to Prosperity 00:10:22 - China's Growth 00:13:24 - Europe's Growth 00:18:56 - The Fall of Song China 00:21:56 - India 00:25:08 - Industrial Revolution 00:39:52 - 19th-Century German Science 00:43:37 - Being a Nobel Laureate 00:45:29 - Outro Photo Credit: Shane Collins

0:30 - Platner 9:09 - NYT 28:11 - CDLs 52:46 - Unsung Americans 01:07:43 - Senior writer for The Dispatch David Drucker argues Democrats had enough information from the initial reports to distance themselves from Platner and wonders why they failed to do so. Follow David on X @DavidMDrucker 01:28:45 - Representative Jim Jordan says Jessica Gorman's testimony last week before Congress was among the most emotional he's heard and outlines how the federal government can work around sanctuary policies in states like Illinois. 01:45:22 - Mercatus Center senior research fellow Liya Palagashvili explores how AI could reshape the workforce, asking whether it will replace workers—or empower more people to work for themselves. 02:01:47 - FDD senior research analyst Cameron McMillan says there are no easy answers for ending the conflict with Iran, but allowing Tehran to control the Strait of Hormuz is not one of them.See omnystudio.com/listener for privacy information.

On this episode of the Hayek Program Podcast, Paul Dragos Aligica delivers a keynote lecture at the 2024 Markets & Society conference on resilience as a research frontier in mainline political economy. He traces how resilience has been largely absent from comparative economic systems scholarship, only to explode as a topic in the last decade, mostly imported from ecology and complexity theory rather than economics.He maps how three traditions at the core of the Mercatus research program—Austrian economics, public choice, and Ostromian institutionalism—each shape our understanding of resilience. Aligica also addresses claims that resilience thinking is merely a proxy for neoliberalism, closing with reflections on the normative stakes of self-governing societies.Dr. Paul Dragos Aligica is a Senior Research Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, KPMG Professor of Governance at the University of Bucharest, and a Senior Nonresident Scholar with the Center for Governance and Markets at the University of Pittsburgh. His many publications include Governing Differences: Social Diversity, Polycentric Political Economy and Modus Vivendi (Edward Elgar, 2025) coauthored with Jennifer Brick Murtazashvili, Public Governance and the Classical Liberal Perspective: Political Economy Foundations (Oxford University Press, 2019), and Public Entrepreneurship, Citizenship, and Self-Governance (Cambridge University Press 2018).**This episode was recorded on October 11, 2024**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 Virtual Sentiments, Kristen Collins talks with Laura K. Field about the 250th anniversary of the Declaration of Independence and her recent book, Furious Minds: The Making of the MAGA New Right. The conversation traces how Field came to chronicle the intellectual architecture behind Trumpism between 2016 and 2024. She explains that beneath the populist energy of the MAGA movement lies a smaller but highly influential network of intellectuals who built a deliberate ideological case against postwar liberal internationalism and fusionist conservatism. Together, they explore the different intellectual camps within this "New Right" and their varying and sometimes conflicting visions of the American founding. Dr. Laura K. Field is an associate with the Illiberalism Studies Program at George Washington University, a nonresident fellow at the Brookings Institution, and visiting scholar in residence at American University. She is the author of Furious Minds: The Making of the MAGA New Right (Princeton University Press, 2025).**This episode was recorded on May 29, 2026**Show Notes:An Introductory Overview of Furious MindsLaura K. Field, “The Intellectual Edgelords of the GOP” (The Atlantic, 2026)Laura K. Field, “The Closing of the MAGA Mind” (NYT, 2025).Thomas W. Merrill, “Wrestling With the Founding in the Culture Wars” (Law & Liberty, 2024)Lincoln, Speech at Springfield, June 26, 1857If 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

Tara Isabella Burton (DPhil, University of Oxford; Visiting Fellow, Mercatus Center, George Mason University; Visiting Research Fellow, Institutional Flourishing Lab, Catholic University of America) is a theologian and culture critic, and the author of Self-Made: Creating Our Identities from Da Vinci to the Kardashians (Public Affairs, 2022) and Strange Rites: New Religions for a Godless World (Public Affairs, 2020). She is a regular contributor on religion and culture to The New York Times, The Wall Street Journal, The Washington Post, and has lectured and taught seminars at Yale University, Hobart and William Smith College, Radford University, and Covenant College. Her research has been supported by the Mercatus Center and the Robert Novak Foundation. Burton is currently at work on a book about the influence of the Western esoteric tradition, from alchemy to Freemasonry to 19th-century "occult" practices like Theosophy and spiritualism, in the development of what we think of today as "scientific progress." She argues that the category of the "magical" should be understood as part of a wider theological tradition of understanding what it means for human beings to have mastery over nature. Old Gods, to be published by Convergent (Penguin Random House) in 2026, will trace this influence to the resurgence of interest in "occult" practices in contemporary Silicon Valley culture.  Visit Sacred Writes: https://www.sacred-writes.org/templeton-working-group Visit Tara Isabella Burton: http://www.taraisabellaburton.com  

William W. Beach is the Senior Fellow in Economics at the Economic Policy Innovation Center (EPIC) and the Coffin Fellow at the Calvin Coolidge Presidential Foundation. Beach also serves on the UKG Workforce Institute Advisory Board.   Prior to these appointments, Beach was the fifteenth Commissioner of Labor Statistics at the Bureau of Labor Statistics in Washington, DC. He took up his duties there on March 28, 2019. Prior to joining BLS, Dr. Beach was vice president for policy research at the Mercatus Center at George Mason University from February of 2016 to March of 2019; and, prior to that served as the Chief Economist for the Senate Budget Committee, Republican Staff, from 2013 through early 2016. In this podcast, we will discuss: The "Fiscal Precipice" The "Crowd Out" Effect Social Drivers of Debt The "Undemocratic" Tax System The Social Security Countdown The Future of "Enhanced Labour" The Data Response Crisis Modernising Federal Statistics

Joanne Paul is a historian at the University of Sussex, author, and a go-to Tudor expert on YouTube. She tells Tyler she's drawn to the 16th century because it sits between the medieval and the modern, and because its paths not taken are a way of asking whether our own world had to turn out this way. Her biography Thomas More: A Life takes its subject in that spirit, refusing to reduce More to either martyr or monster. Tyler and Joanne discuss how More influenced Erasmus, what to make of Utopia, why fear drove More's persecution of heretics, how Holbein's portraits of More and Cromwell differ, what movie depictions get wrong about More, how his execution was viewed at the time, how the Tudor period paved the way for Shakespeare and the scientific revolution, the surprising social mobility of the period, how the City of London governed itself and where that clashed with the Crown, Joanne's upbringing in Canada and what drew her to English history, what she thinks sits beneath a lot of Britain's current stagnation, the subject of her next book, 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 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 Joanne 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 00:03:42 - More's Utopia 00:10:50 - Whether More Should be Admired 00:13:39 - Play and Movie Adaptations of More 00:19:25 - English Catholicism as the Reformation Approaches 00:22:29 - Shakespeare and the Growth of Education 00:26:08 - The Quality of Tudor Art 00:27:24 - Tolerance and Social Mobility in 16th Century England 00:32:49 - London's Governance 00:34:23 - Canada 00:38:12 - Choosing English History to Study 00:41:23 - Touring and Living in England 00:43:06 - Religion, Politics, and Economics in the UK 00:49:32 - Outro

On this episode of the Hayek Program Podcast, Bobbi Herzberg delivers a keynote lecture at the 2025 Markets & Society conference on Vincent Ostrom's understanding of democracy and self-governance. Reflecting on Ostrom's life, scholarship, and enduring influence, Herzberg explores four central themes in his work: the emergence of social order through shared beliefs and norms, the capacity of individuals to govern themselves, the importance of polycentric systems of governance, and the fragility of democratic institutions. Drawing on Ostrom's collaborations with his wife, Elinor Ostrom, and his engagement with the writings of Alexis de Tocqueville, Herzberg argues that democracy is not a mechanism imposed from above but an ongoing practice of cooperation, deliberation, and mutual responsibility. She concludes by emphasizing Ostrom's vision of democracy as a living experiment in self-government that must be renewed and sustained by each generation. Dr. Roberta Herzberg is a Distinguished Senior Fellow and a Senior Research Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University and a Senior Fellow at the Fraser Institute.**This episode was recorded on October 17, 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

Jeffrey Lacker is the former president of the Richmond Federal Reserve Bank and is a senior affiliated scholar at the Mercatus Center. Jeff returns to the show to discuss the history of the Fed Treasury Accord, the state of fiscal dominance, his five proposals for a new Fed Treasury Accord, his calls for reform around the discount window, a memorial to his friend and colleague Charlie Plosser, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on May 20th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:00:56 - Fed Treasury Accord 00:18:26 - Fiscal Dominance 00:22:05 - Jeff's Five Proposals 00:49:05 - Charlie Plosser 00:55:49 - Outro

Dave Baszucki is co-founder and CEO of Roblox, the user-generated gaming platform where all the games are built by the community itself. With over 100 million daily active users and projected revenue bookings of $7 billion this year, it is one of the largest gaming economies in the world—and one that has made millionaires out of teenage developers in Argentina, South Korea, and everywhere in between. Tyler and Dave explore why Roblox decided early against prioritizing advertising revenue, why Dave thinks the main competition of Roblox is its own execution speed rather than Fortnite, whether every mega platform inevitably becomes an everything app, how falling token costs will change the platform, why he insists all the games on Roblox are beautiful, whether Robux should have a floating exchange rate, why admitting you have kids under 13 on your platform turns out to be a competitive advantage, why he's skeptical of blanket social media bans, what his son's experience with bipolar disorder taught him about metabolic health, his two-year sabbatical between companies that involved a motorhome trip across North America and a stint hosting talk radio in Santa Cruz, why Mutiny on the Bounty remains one of his favorite books, what he'll learn next, 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 May 27th, 2026. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Dave 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 00:00:44 - Roblox by the Numbers 00:08:54 - Competition 00:12:13 - Everything Apps 00:19:50 - AI Language Translation 00:21:18 - Token Costs  00:24:01 - Beauty and Gaming 00:27:01 - Robux 00:29:28 - Social Media and Younger Audiences 00:40:56 - AI and Gaming 00:45:44 - Mutiny on the Bounty 00:47:38 - David's Earlier Companies 00:51:16 - Mentors 00:52:35 - Outro

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.

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.

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.

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 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 […]

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

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

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.