Podcasts about Milton Friedman

The Morning XTRA with Tug and Los delivers conservative talk on the biggest political, cultural, and news stories of the day. Smart analysis, unapologetic opinions, and real conversations every weekday morning. Every weekday from 6a to 10a! On Today's show, Tug is back, and there’s plenty to catch up on. The guys dive into everything Tug missed in college football before tackling the latest political and cultural battles, from mail-in ballots and election fraud to whether wokeness has contributed to political violence. They also debate whether Trump could face impeachment if Democrats take control, break down El-Sayed running from Hasan Piker, and react to another spot-on take from Spencer Pratt. Plus, college football may have opened Pandora’s Box, a Flashback comparing open immigration today with the immigration restrictions of 1914, and 30 years of the same speech from Bernie Sanders. Watch The Morning XTRA every weekday from 6 a.m. to 10 a.m. on the Xtra 106.3 YouTube or listen on the Xtra 106.3 App

The Morning XTRA with Tug and Los delivers conservative talk on the biggest political, cultural, and news stories of the day. Smart analysis, unapologetic opinions, and real conversations every weekday morning. Every weekday from 6a to 10a! First thing to know: College Football has opened Pandora’s Box Flashback: Open Immigration Now vs 1914 Immigration Restrictions 30 years of the same speech from Bernie Watch The Morning XTRA every weekday from 6 a.m. to 10 a.m. on the Xtra 106.3 YouTube or listen on the Xtra 106.3 App

The Morning XTRA with Tug and Los delivers conservative talk on the biggest political, cultural, and news stories of the day. Smart analysis, unapologetic opinions, and real conversations every weekday morning. Every weekday from 6a to 10a! Victor Armendariz fills in for Tug! The 8 o'clock hour is brought to you by Central Heating & Air, your Atlanta Carrier Experts. 770-GET-HEAT, Centralheat.com Dr. Rich McCormick joins the show Count the Cuban Community out on the DSA Milton Friedman urged America to maintain its role as the world’s leader in free trade Watch The Morning XTRA every weekday from 6 a.m. to 10 a.m. on the Xtra 106.3 YouTube or listen on the Xtra 106.3 App

The Morning XTRA with Tug and Los delivers conservative talk on the biggest political, cultural, and news stories of the day. Smart analysis, unapologetic opinions, and real conversations every weekday morning. Every weekday from 6a to 10a! On Today's Show, with Tug still out on vacation, Victor Armendariz joins Los in the studio to take on the biggest political and cultural stories of the day. The guys kick things off by welcoming Victor and discussing government education, along with why Sean Duffy and Los see eye-to-eye on sending their kids to Ivy League schools. They dive into America's long history with oil, claims about more than 24,000 illegal voters in the 2020 election, and the difference between the radicals on the left and the “wackos” on the right. Dr. Rich McCormick joins the show, the Cuban community gets counted out of the DSA, and the guys revisit Milton Friedman's argument for America maintaining its role as the world's leader in free trade. Plus, they react to the outpouring of support for Lindsay Clancy, explain why they think El-Sayed is toast in Michigan, and continue the conversation on healthcare for all. Watch The Morning XTRA every weekday from 6 a.m. to 10 a.m. on the Xtra 106.3 YouTube or listen on the Xtra 106.3 App

Jon Hartley and Barry Eichengreen discuss his background and research, the status of the US dollar as a world reserve currency, the yuan's inability to gain traction despite China's growth, the euro, transitions between world reserve currencies, the rise of public debt, and the history of fixed versus floating exchange rate regimes. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, visit Hoover+.

Send us Fan MailWe tell the story of the Chicago dinner where Ronald Coase walks into a hostile room, and by the end everyone votes with him, led by Milton Friedman changing his mind in real time. Along the way, we unpack why transaction costs, not moral blame, often explain when law and institutions shape outcomes. • the Aaron Director dinner and the vote that flips • why Milton Friedman becomes a political symbol and lightning rod • critiques from the right and left on markets, shareholder value, trade, and Chile • Pigouvian externalities versus Coase's reciprocal harm framing • the Coase theorem as a benchmark and why real transaction costs make institutions decisive • the “twedge” on comparative advantage and the “no free lunch” remix • listener question on tax horizons, regime uncertainty, and the permanent income hypothesis  LINKS:Who's afraid of Milton Friedman (a video)Milton Friedman Lives (a blog post)Steve Medema, "What Happened on Blackstone Ave?"Mary Roach, BONKIf you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com !You can follow Mike Munger on Twitter at @mungowitz 

Gezien de titel van deze column kan dit een hele korte column worden. In Europa zijn de meningen over Trump duidelijk verdeeld. Maar laten we hem eens bekijken zoals een belegger naar een belegging kijkt: niet vanuit sympathie of antipathie, maar vanuit de vraag wat werkt wel en wat werkt niet. Nu ik me in een neutrale positie heb gewrongen, is het ook goed om te kijken naar de goede dingen die Trump heeft gedaan. Zo is er de daling van het aantal ambtenaren. Dat werd opnieuw zichtbaar in het rapport over de arbeidsmarkt vorige week. De werkgelegenheid bij de overheid daalde afgelopen jaar bijna iedere maand, terwijl de private sector nog steeds banen creëert. Natuurlijk zijn er veel ambtenaren die nuttig werk verrichten, maar ook velen die slechts overbodige regels verzinnen. Van meer regels wordt de maatschappij en de economie niet beter. Een van de grote aanjagers in de private sector is de enorme AI investeringsboom. In de race om zo snel mogelijk zoveel mogelijk datacenters neer te zetten is er een grote vraag naar bouwvakkers en technici. Bedenk hierbij wel dat er ongeveer 1500 werknemers nodig zijn om een datacenter te bouwen, maar slechts 30 om hem operationeel te houden. Dus als al die datacenters er eenmaal staan, valt die de extra vraag naar arbeid weg. Een ander punt waarin de Trump regering goed scoort is het stimuleren van gezonde voeding. Afgelopen week kondigde Trump’s minister van gezondheid Robert Kennedy Jr. aan dat producenten niet zomaar alles in voedingswaren mogen stoppen. Dat is geen overbodige luxe. Ik heb teveel video’s gezien van ijsjes die niet smelten onder heet water en brood wat zich als een rubber spons gedraagt in het water. Mijn favoriete maatregel is de invoering van de Trump Account. Natuurlijk moest er de naam Trump op. Dat is een beleggingsrekening voor Amerikaanse kinderen onder de 18 jaar. Daar hoef je geen belasting over te betalen. Om het idee te promoten stort de Amerikaanse regering eenmalig U$ 1000 voor kinderen geboren tussen 1 januari 2025 en 31 december 2028 op de Trump Account. Ouders mogen jaarlijks U$ 5000 bijstorten. Kinderen krijgen hiermee al op jonge leeftijd een eigen beleggingsrekening en leren zo dat vermogen niet alleen iets is wat je kunt uitgeven, maar ook iets wat je kunt opbouwen. In Nederland hebben we op dit punt het tegenovergestelde beleid. Hier wordt vermogen vooral gezien als iets wat belast moet worden. Nee, stel je voor dat iemand door sparen en te beleggen wat vermogen opbouwt. De regering vergeet even dat het heffen van belasting niet de primaire taak is van de overheid. Het is nodig om nuttige activiteiten te financieren. Basta. Ja, het is verstandig om het overheidstekort niet te veel te laten oplopen. Maar om de befaamde econoom Milton Friedman aan te halen; "Hogere belastingen zullen het tekort niet verminderen, behalve voor een korte periode. Ze zullen de overheidsuitgaven alleen maar verhogen”. Als de huidige regering dat niet begrijpt moeten ze maar even bij Trump in de leer. Maar dan alleen de goede lessen overnemen natuurlijk. Dat moet in een paar lessen wel lukken. Over Corné van Zeijl Corné van Zeijl is analist en strateeg bij Cardano en belegt ook privé. Reageer via c.zeijl@cardano.com. Deze column kun je ook iedere donderdag lezen in het FD.See omnystudio.com/listener for privacy information.

In this episode of the Explaining History Podcast, we are joined by John McDonagh, professor of practice at Harvard T.H. Chan School of Public Health, former Massachusetts state legislator, and key architect of Obamacare. He is here to discuss his new book, America's Wrong Turn: U.S. Healthcare in the Neoliberal Era – a searing diagnosis of how a revolution in economic thinking turned the American healthcare system into a global outlier.The United States spends more on healthcare than any other advanced nation – by a staggering margin – yet its health outcomes rank near the bottom. Life expectancy has been declining since 1980. The infant mortality rate is embarrassingly high. And while every other wealthy country covers 99–100% of its citizens, the U.S. still leaves millions uninsured.John explains how a single chart – showing U.S. healthcare spending as a percentage of GDP – reveals the story. In 1980, the U.S. was the highest spender but still in the pack. Then something happened. Around 1982–83, the U.S. "jackrabbited" away from every other nation. The culprit? The neoliberal revolution – the ideas of Milton Friedman, Friedrich Hayek, and the Mont Pelerin Society – that captured American policy under Ronald Reagan and transformed healthcare from a public good into a site of value extraction.John traces how monopoly capitalism, private equity, and the mantra of "maximising shareholder value" have hollowed out the system. Hospitals are bought by private equity firms, stripped of their land and buildings, and turned into tenants paying exorbitant rents. Two companies now control 90% of dialysis care. Antitrust enforcement has collapsed. The result is a system that Americans hate – but feel powerless to change.Yet John is an optimist. He argues that the feedback loop of public revulsion is building, and that the neoliberal era – though its effects persist – is over. The seeds of hope lie in renewed antitrust activism, grassroots organising, and the eventual replacement of a corrupt administration.Topics covered:U.S. healthcare spending vs. outcomesThe 1980s inflection pointThe neoliberal revolution and its key thinkersMonopoly capitalism in healthcarePrivate equity and value extractionThe collapse of antitrust enforcementMilton Friedman's "shareholder value" doctrineThe NHS and the politics of healthcareHope for reformJohn McDonagh's America's Wrong Turn is published by Johns Hopkins University Press. Use code HTWN at checkout for 30% off. Please consider buying from an independent retailer or directly from the publisher.If you enjoy the podcast, please consider supporting us – we are migrating from Patreon to Substack. Details in the show notes.Explaining History helps you understand the 20th Century through critical conversations and expert interviews. We connect the past to the present. If you enjoy the show, please subscribe and share.▸ Support the Show & Get Exclusive ContentBecome a Patron: patreon.com/explaininghistory▸ Join the Community & Continue the ConversationFacebook Group: facebook.com/groups/ExplainingHistoryPodcastSubstack: theexplaininghistorypodcast.substack.com▸ Read Articles & Go DeeperWebsite: explaininghistory.org Hosted on Acast. See acast.com/privacy for more information.

Get original articles, extended podcasts, and direct access to Blendr News on our Substack Channel: blendrnews.comIn this episode of "The Blendr Report," Liam and Jonathan discuss:00:00 Intro & today's topics00:38 Mamdani, the DSA, and the socialist political push19:27 Milton Friedman on capitalism, greed, and central planning34:01 Retired NBA players entering the WNBA draft debateFollow BLENDR News:Twitter - @BlendrNewsInstagram - @blendr.report TikTok - @blendrnewsFollow Jonathan:Instagram - @itsjonathanharveyTikTok - @itsjonathanharveyFollow Liam:Instagram - @liam.out.loudX - @liam_out_loudYouTube - @liam-out-loud

Jon Hartley and Michael Boskin discuss Michael's upbringing in Los Angeles, his seminal academic work on savings, working on Governor Ronald Reagan's tax reform task force, chairing George H.W. Bush's Council of Economic Advisors from 1989 to 1993, the legacy of the Boskin Commission, teaching generations of Stanford students, and working closely with business leaders. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, or subscribe for the next episode, click here.

Libertarian thinkers like Milton Friedman like to say that capitalism not only gave birth to democracy but also is the ideal economic system to complement democracy. But while capitalism may have created the conditions for democracy, it's actually the main obstacle to securing full democratic rights. On this latest episode of Confronting Capitalism, Vivek Chibber and Melissa Naschek examine the worker struggles central to the rise of democracy, and why, in a system built around profit, the ruling class opposes it. The latest issue of Catalyst is out and you can subscribe for just $20 using the code CONFRONTINGCAPITALISM: https://catalyst-journal.com/subscribe/?code=CONFRONTINGCAPITALISM Have a question for us? Write to us by email: confronting.capitalism@jacobin.com Confronting Capitalism with Vivek Chibber is produced by Catalyst: A Journal of Theory and Strategy, and published by Jacobin. Music by Zonkey.

Why is socialism suddenly becoming popular again in America—and what are the real consequences if it succeeds? In this episode of The Tudor Dixon Podcast, Tudor sits down with Dr. Anne Bradley, professor of economics at the Institute of World Politics and Vice President of Academic Affairs at The Fund for American Studies, to examine the resurgence of democratic socialism and why so many young Americans are embracing it. The conversation explores why "free" government programs have become politically appealing, how envy and economic frustration fuel socialist movements, and why history repeatedly shows socialism leading to economic failure and government control. Tudor and Dr. Bradley also discuss the rise of crony capitalism, corporate welfare, regulatory barriers facing small businesses, and how government favoritism undermines entrepreneurship and opportunity. Drawing from history, economics, and Tudor's own experience running for governor of Michigan, they explain the difference between free-market capitalism and government-controlled economies—and why protecting opportunity matters more than ever.See omnystudio.com/listener for privacy information.

While the podcast team is taking a Radical Sabbatical, Kim is interviewing authors of the books that have had a big impact on her in the past two years.  In this episode, Kim speaks with Rob Lalka, the author of The Venture Alchemists - How Big Tech Turned Profits Into Power.    In this episode of Radical Sabbatical, Kim sits down with Rob Lalka, author of Venture Alchemist, to study what the founders of Facebook, Google, and the “PayPal Mafia” were saying and writing before anyone was paying attention to them. They explore what separates the leaders who stayed grounded from the ones who didn't. They ask a hard question: does it matter if a leader got corrupted by too much money and power or if they started out bad to the bone? Every leader (indeed, every one of us) has good and bad inside. The one that wins is usually the one that gets fed. The question is whether the venture capital model feeds the good — or does it feed the bad, setting founders up to be corrupted by their own success?  Kim and Rob explore the contrasting origins of major tech companies like Facebook and Google. They discuss the implications of Mark Zuckerberg's early actions (for example, an IM while in college with a friend who asked him how he got access to people's personal information and he replied “they trusted me, the dumb f–ks;”). What does it mean that Google's founders started out thinking Google would have to be a non-profit so that advertising wouldn't bias information but wound up selling trillions of ads?  The conversation also delves into the impact of the PayPal Mafia and the controversial book by Thiel and Sachs, The Diversity Myth. Rob discusses the complexities of free speech and the implications of outlier behavior. He emphasizes the importance of moral leadership in corporate culture and critiques the philosophical influences of figures like Ayn Rand and Milton Friedman on business ethics. Rob expresses hope for the future, particularly through the potential of his students to create positive change in society. Books & Articles mention by Rob:   George Packer - article in The Atlantic - The Venture-Capital Populist https://www.theatlantic.com/magazine/2026/06/david-sacks-crypto-ai-venture-capital/686941/ Max Chafkin - The Contrarian: Peter Thiel and the Rise of the Silicon Valley Oligarchs https://elmstreetbooks.com/book/9781984878557 Jimi Soni - The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley https://www.amazon.com/dp/1501197266?lv=shuf&channelId=500&plpRedirect=mhFallback Guest Background: Rob Lalka is the author of The Venture Alchemists - How Big Tech Turned Profits Into Power.  He is also the Albert R. Lepage Professor in Business and executive director of the Albert Lepage Center for Entrepreneurship and Innovation at Tulane University. He is on the board of directors of Blue Cross and Blue Shield of Louisiana, Public Democracy, Inc., and Venture For America in New Orleans. Previously, he served on the U.S. Secretary of State's policy planning staff and in the State Department's Office of Global Partnerships, was a director at Village Capital, and was a senior advisor at the Howard G. Buffett Foundation. CHAPTERS (00:40) Introduction to Alchemy and Venture Capital (03:04) The Power Dynamics in Business Models (05:33) Zuckerberg's Origin Story and Its Implications (07:40) The Contrast with Google's Founding Philosophy (09:47) The Role of Advertising in Business Models (12:43) The Historical Context of Business Practices (14:59) The Golden Spike and Economic Inequality (14:59) The Impact of the PayPal Mafia and Diversity Myth (22:00) The Controversy of Free Speech and Homophobia (25:07) Outlier Behavior and Its Implications (28:03) The Rape Issue and Its Consequences (30:27) Moral Leadership and Corporate Culture (33:08) Philosophical Influences on Business Ethics (40:30) Hope for the Future and the Role of Education Connect with the Radical Candor team: ⁠⁠⁠⁠⁠⁠Website⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠ Keywords venture capital, alchemy, business models, Zuckerberg, Google, advertising, economic inequality, PayPal Mafia, diversity myth, entrepreneurship free speech, outlier behavior, corporate culture, moral leadership, business ethics, philosophy, education, AI Learn more about your ad choices. Visit megaphone.fm/adchoices

Given a definition of socialism, the goal seems to be equity, but the popular dialogue seems to be fairness and affordability.The index of economic freedom seems to show the general population is best in the most free marketplace, for both the richest and for the poorest. This means neglecting the gap between the richest and the poorest.Dave Smith emphasizes the bloody price that often goes along with communism and socialism. Milton Friedman promotes the basic necessary functions of any government.The index of economic freedom rates various countries upon freedom. This is a pretty good view of which countries are the most socialist. Plus it looks obvious that freedom highly correlates with the quality of life for the entire population.Clips from:Dave Smith @PartOfTheProblemDave Smith | Was Mao Zedong Great? | Part Of The Problem 1422Simple EconomicsMilton Friedman: The 4 Essential Functions of the GovernmentFollow Us:YouTubeXFacebookBlueskyAll audio & videos edited by: Jay Prescott Videography

Todd examines the Democratic Socialists of America's stated agenda and argues that its growing appeal should alarm Americans who value constitutional government, free markets, and individual liberty. He responds to a Fox News interview in which a DSA co-chair endorsed abolishing the Senate, presidency, Supreme Court, ICE, borders, and much of the prison system, while also supporting public ownership of major corporations and major cuts to the Pentagon. Todd pairs those positions with polling he says shows a rising favorable view of socialism among Democrats, then explains why he believes many supporters do not understand socialism's history or practical consequences. Drawing on Winston Churchill and Milton Friedman, he makes the conservative case that government redistribution relies on force, rewards envy, discourages production, and cannot match the coordination of voluntary markets. The episode also considers America's exceptional opportunity and standard of living, President Trump's joke about CNN's Kaitlan Collins at the White House Correspondents' Dinner, CNN's response, and Sophie Cunningham's comments about protecting women's sports.

The completion of the first draft of Man, Economy, and State enabled Murray Rothbard to move on to other activities and projects. He earned his doctorate in 1956 and reviewed papers and books for the Volker Fund, evaluating contemporary research using the body of economic theorems he had deduced. Focusing on the Chicago School, Rothbard criticized Israel Kirzner's attempt to fuse Austrian insights with neo-Marshallian production theory as well as Milton Friedman and others' neo-Fisherian monetary economics. Rothbard not only criticized new publications; he also continued to edit his treatise, adding new references and making other changes. In 1962, despite professional and institutional obstacles, Man, Economy, and State was finally published. With it, Rothbard greatly advanced the Austrian tradition and firmly positioned himself as Mises's heir.

Todd examines the Democratic Socialists of America's stated agenda and argues that its growing appeal should alarm Americans who value constitutional government, free markets, and individual liberty. He responds to a Fox News interview in which a DSA co-chair endorsed abolishing the Senate, presidency, Supreme Court, ICE, borders, and much of the prison system, while also supporting public ownership of major corporations and major cuts to the Pentagon. Todd pairs those positions with polling he says shows a rising favorable view of socialism among Democrats, then explains why he believes many supporters do not understand socialism's history or practical consequences. Drawing on Winston Churchill and Milton Friedman, he makes the conservative case that government redistribution relies on force, rewards envy, discourages production, and cannot match the coordination of voluntary markets. The episode also considers America's exceptional opportunity and standard of living, President Trump's joke about CNN's Kaitlan Collins at the White House Correspondents' Dinner, CNN's response, and Sophie Cunningham's comments about protecting women's sports.

The Morning Xtra with Tug and Los delivers conservative talk on the biggest political, cultural, and news stories of the day. Smart analysis, unapologetic opinions, and real conversations every weekday morning. Every weekday from 6a to 10a! Victor Armendariz fills in for Los! First thing to know: Joe Biden was compromised by China Flashback: Milton Friedman explains why he fully trusts capitalism No truer words have ever been spoken Atlanta's ONLY All Conservative News & Talk Station.: https://www.xtra1063.com/See omnystudio.com/listener for privacy information.

The Morning XTRA with Tug and Los delivers conservative talk on the biggest political, cultural, and news stories of the day. Smart analysis, unapologetic opinions, and real conversations every weekday morning. Every weekday from 6a to 10a! Tug, Los, and Victor Armendariz recap a great weekend for the Braves before diving into the political stories dominating the headlines. The guys discuss why they believe the SAVE America Act could become a major issue for Democrats heading into the midterm elections, Trump having the jokes at the White House Correspondents' Dinner, polling on Democratic support for socialism, new questions surrounding the DNC, and that former President Joe Biden was compromised by China. They also examine the latest debate over Sharia law, education in America, and hear from economist Milton Friedman on why he believed capitalism works. On today's show:• Weekend recap, including another strong series for the Braves and Andruw Jones is offically a Hall of Famer• A terrorist attack at a Pride parade in Germany is blamed on "Far-Right" Terrorism• Why Sharia law must be stopped• America's education problems go beyond reading—they include math, too• Flashback: Milton Friedman explains why he trusted capitalism• "No truer words have ever been spoken"Atlanta's ONLY All Conservative News & Talk Station.: https://www.xtra1063.com/See omnystudio.com/listener for privacy information.

Veo una entrevista a Milton Friedman, grabada en el año de 1979. Tiene una frescura y una actualidad extraordinarias.

Dave Rubin of "The Rubin Report" talks to Christopher Rufo about how the left is shifting from woke race and gender politics toward socialism, affordability, inflation, Gaza, and economic populism; why Zohran Mamdani's messaging connects with voters facing high housing, grocery, and college costs; how President Trump's tariffs, spending, interest-rate demands, and mixed economic agenda have blurred the Republican message; why conservatives need practical free-market solutions instead of abstract Milton Friedman arguments; why socialist and communist candidates could gain power in major cities like Los Angeles, New York City, and San Francisco despite failed policies like rent control; how California's high housing costs, capital flight, and wealthy residents leaving the state could accelerate urban decline; why he believes Gavin Newsom's California is becoming a "house of horrors" with open-air sex markets and government waste; the historical roots of the Free Palestine movement, the PLO, Marxism, and modern pro-Palestinian activism on college campuses; why he believes President Donald Trump can still accomplish much through executive power even if Republicans lose the House in the midterms; the growing influence of online conspiracy theories among conservative voters, including Candace Owens and Tucker Carlson; why conservative institutions have largely resisted the trend despite audience fragmentation; why integrity, credibility, and resisting click-driven incentives will determine the future of conservative institutions; and much more.

For more than four decades, Grover Norquist has been one of the most influential figures in the American conservative movement on tax policy and limited government. In this episode of Capitalism and Freedom in the 21st Century, host John Hartley sits down with the founder and president of Americans for Tax Reform to trace his journey from anti-communist activist to architect of the Taxpayer Protection Pledge and a central figure in nearly every major tax reform debate since the Reagan era.   Norquist reflects on the Reagan tax revolution, the origins and lasting impact of the Taxpayer Protection Pledge, the rise of the modern conservative coalition, and why he believes America's fiscal challenges stem from excessive spending rather than insufficient tax revenue. He also outlines his vision for the future of tax reform—including consumption-based taxation, eliminating or indexing the capital gains tax, expanding investment incentives, reducing state income taxes, and strengthening fiscal federalism—as he argues for policies designed to promote long-term economic growth, investment, and individual liberty.  ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, or subscribe for the next episode, click here.

The dictator Hasan Piker wore to a Democrat convention — and the tip screen America is finally revolting against | Wake Up America Hasan Piker put on Mao Zedong's uniform this weekend and a room full of College Democrats cheered. So today we tell you what that costume actually means: the largest famine in human history, the war on sparrows, the trap called "let a hundred flowers bloom," and the Red Guards who beat Xi Jinping's own father in a stadium. Plus — America is in open revolt against the guilt-trip tip screen, and the real history of tipping is more American than you think. Then: Camellia Peterson (Americans for Prosperity–Missouri) on the Missouri Republicans who killed school choice the second it hit their own backyard, and Tom Pappert (The Tennessee Star) on JD Vance declaring war on Milton Friedman — and squaring off with Marco Rubio for 2028. ⏱️ SEGMENTS 00:00 Cold open A1 — The war on the tip screen A2 — The dictator they cheered: the crimes of Mao B1 — Camellia Peterson: Missouri's school-choice collapse B2 — Tom Pappert: Vance vs. Friedman, Vance vs. Rubio

On May 9, 1873, as the Vienna Stock Exchange collapsed and thousands of speculators were wiped out in a single afternoon, young Salbert von Rothschild and two colleagues from the Schey and Goldschmidt banking families were nearly lynched on the floor of the exchange by infuriated stockjobbers and had to be rescued by police. That same evening, oblivious to the carnage a few hundred yards away, the Prince of Wales hosted a gala dinner at the Ministry of Finance, and the following night Emperor Franz Joseph served a state dinner for the assembled heirs to the royal thrones of Europe. Within months, the panic had crossed the Atlantic and destroyed Jay Cooke, the man who had single-handedly funded the Union's Civil War effort, shutting down the New York Stock Exchange for ten days. Today's guest is Liaquat Ahamed, author of 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World. We discuss how the Rothschilds built their fortune smuggling gold across the English Channel during the Napoleonic Wars and became, relative to the size of the global economy, the richest family in history. We look at how Sultan Abdülaziz of the Ottoman Empire and Khedive Ismail of Egypt borrowed their nations into oblivion and were both destroyed for it, why the demonetization of silver was the most consequential economic blunder of the nineteenth century (Milton Friedman blamed it for the worst deflation in recorded history), and how a completely fabricated conspiracy theory about the Rothschilds bribing Congress sold 400,000 copies in the American heartland. Ahamed argues that the 1873 crisis created a twenty-year redistribution of wealth from farmers, workers, and small investors to the bankers most responsible for the crash, fueling populist movements that reshaped politics on every continent.See omnystudio.com/listener for privacy information.

Dive into why real capitalism lifts people while crony capitalism and big-government intervention drive up costs in housing, healthcare and energy. Alan breaks down the Founders' vision, Adam Smith's invisible hand and insights from Milton Friedman and Thomas Sowell to show how limited government unleashes prosperity. Plus, hear revealing soundbites from Senators Slotkin and Warner on voter ID and examine the explosive Detroit voter fraud documentary in the works. Don't miss this hard-hitting episode on freedom, fair elections, and fighting cronyism in America. Please take a moment to rate and review the show and then share the episode on social media. You can find me on Facebook, X, Instagram, GETTR, TRUTH Social, TikTok, YouTube and Rumble by searching for The Alan Sanders Show. And, consider becoming a sponsor of the show by visiting my Patreon page!

This week on the Mark Levin Show, Senator Lindsey Graham, a loyal friend and loyal ally to democratic and peace-loving countries around the world, has passed away. He was a friend to Israel, Ukraine, Taiwan, and others. He was a counterbalance to naive Woke Reich isolationists who talk about American sovereignty but don't realize you have to fight for it. Graham had a lot in common in national security matters with Ronald Reagan. Not even a nation as powerful as the United States can go it alone, and Graham understood we have alliances for a reason. The left and Woke Reich isolationists wasted no time attacking him, but he was popular in South Carolina and all over the world. He and his sound advice will be truly missed. Then, the infiltration of America by Islamists and jihadis is really in full force, and no one seems to be doing anything about it. Michigan Democratic Senate candidate Abdul El-Sayed's father-in-law, Jukaku Tayeb, is a top donor to his super PAC and a longtime leader on ISNA's founding committee and CAIR Michigan president—both groups are co-conspirators in the Holy Land Foundation terror-financing trial that funneled millions to Hamas, tied to the Muslim Brotherhood mothership responsible for groups like Al Qaeda, ISIS, and Hamas, and funded by Qatar and Turkey. Why do Democrats tolerate these ties? Democratic Socialists of America (DSA) seeks to eliminate the U.S. Senate and Electoral College to advance their agenda, though both require constitutional amendments. These institutions exist to protect smaller, less-populated states, ensuring they have a meaningful say in government so they would join the Union during independence. Similarly, the Electoral College ensures smaller states influence presidential elections, countering domination by a handful of large, populous Democrat metropolitan states and cities. Removing these safeguards would enable mob rule, open borders, non-citizen influence, and a centralized Marxist government. Later, the 2028 Republican presidential primary must be competitive and vibrant, with no coronations. The Republican Party needs to be rooted in the principles of Jefferson, Washington, Madison, Reagan, Buckley, Goldwater, and Milton Friedman's free markets—not Democrat-lite nationalism or populism that dismisses history—and we should demand articulate candidates who boldly contrast conservative beliefs with the left. No, we don't want a bold government, which is what the socialists and Marxists desire. We want an effective limited government confined to its constitutional powers, a bold private sector, and individual sovereignty. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On Thursday's Mark Levin Show, the 2028 Republican presidential primary must be competitive and vibrant, with no coronations. The Republican Party needs to be rooted in the principles of Jefferson, Washington, Madison, Reagan, Buckley, Goldwater, and Milton Friedman's free markets—not Democrat-lite nationalism or populism that dismisses history—and we should demand articulate candidates who boldly contrast conservative beliefs with the left. No, we don't want a bold government, which is what the socialists and Marxists desire. We want an effective limited government confined to its constitutional powers, a bold private sector, and individual sovereignty. Also, Sen John Fetterman expressed his long-term concern as a Democrat that his party might back away and turn its back on Israel, declaring that if it ever officially becomes the anti-Israel party, he would leave because it represents moral clarity for him. Young Democrats in Pennsylvania largely do not like Fetterman, though blue-collar Democrats—including cops, firefighters, and miners—do support him in a state with the highest percentage of union households in the country. Fetterman sounds more conservative on Israel than some of the Woke Reich neo-fascists. Later, President Trump is set to reveal in his presidential address bombshell evidence that China interfered in the 2020 election to help Joe Biden win, including hacking into state voter registration databases and stealing information on tens of thousands of voters to manufacture mail-in ballots, based on declassified FBI, CIA, and ODNI documents. The speech will also highlight over 100,000 non-citizens, including illegal immigrants, on voter rolls nationwide. Democrat states refuse to clean their voter rolls of dead people, duplicates, and unvetted individuals in violation of federal law because they want to enable corruption and fraud. Afterward, the left and the media carry water for or enemies like Communist China by hindering U.S. progress in this critical AI race. AI development is essential for surpassing human knowledge generation in military, medical, and other fields, and halting it would let China and Russia dominate; data centers must be prioritized nationally and supported by innovations like miniature nuclear plants, despite leftist opposition akin to past fearmongering against fracking. Finally, there is no evidence of an Israeli influence campaign. The Israeli Foreign Ministry pushed back against a defamatory Time magazine article, clarifying that all activities are transparent, lawful under U.S. law, and involve no interference in U.S. policy; they lawfully contracted a digital agency to combat hatred against Jews and strengthen the U.S.-Israel alliance. JD Vance and Joe Rogan must apologize for smearing Israel. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Why do only some GOP congressmen get so much heat from the Communists? They lie like they breathe. More investigations into the fraud going on in our country. Was JD Vance too hard on Milton Friedman?Follow The Jesse Kelly Show on YouTube: https://www.youtube.com/@TheJesseKellyShowSee omnystudio.com/listener for privacy information.

On today's episode, we discuss how recent legal decisions on birthright citizenship and executive power could reshape U.S. immigration and sovereignty debates. The hosts walk through Justice Gorsuch's opinion on Trump's birthright citizenship executive order, explaining his focus on “domicile” rather than simple geography and how that would exclude tourists, transients, and many people here illegally from automatic citizenship. They address Gorsuch's and Kavanaugh's opinions, emphasizing that together they point to narrowly tailored injunctions, case-by-case domicile hearings, and a larger role for Congress rather than treating the 14th Amendment as a blanket rule. From there, the conversation shifts to economic philosophy, as they critique protectionist “Promethean Action” proposals, defend Milton Friedman's free enterprise ideas with limited national-security exceptions, and argue that overregulation—rather than trade itself—drives U.S. manufacturing overseas. The episode rounds out with updates on Lindsey Graham's sister's appointment to his Senate seat, emerging claims of Georgia election fraud, flock cameras and surveillance, and Rubio's pushback against the International Criminal Court, all framed as examples of how law, politics, and civil liberties intersect. Don't miss it!

"This is why insurance is such a beautiful problem... there is no solution. There are only psychological or philosophical answers to it."What if the rising cost of health insurance is a deeply ingrained philosophical problem?My guest this week is Tom Stein, CEO of American Trust Administrators (ATA). But this episode isn't just a tactical breakdown of stop-loss and aggregate underwriting; it is a masterclass in the history, psychology, and economics of the U.S. healthcare system.Tom and I explore the deeply embedded Machiavellian forces that drive insurance carrier monopolies, and why small business owners often choose the "safe" option of a 97% fully-insured renewal simply out of a psychological fear of loss. We trace the origins of employer-sponsored care back to Henry Kaiser and WWII, discuss the ethics of "compulsion vs. choice" in taxation and single-payer models, and analyze whether the U.S. is currently in a "Fourth Turning" crisis phase of our healthcare delivery system.This is one of the most fascinating conversations you will hear all year. Tune in.Thank you to our 2026 sponsors!ParetoHealth: ParetoHealth empowers midsize employers with a long-term solution to reduce volatility and lower overall health benefits costs. Visit https://www.paretohealth.com/fully-insured-vs-self-funding-with-paretohealth-spencer-podcast/?utm_source=youtube&utm_medium=referral&utm_campaign=SelfFundedwSpencer to learn more.Samaritan Fund: A program that connects those who need help to the support they need. We are proud to offer the Samaritan Fund Program. Visit SamaritanFundProgram.com to learn more.Vālenz Health: We're Vālenz Health, your partner in improving health literacy, reducing plan spend, and delivering high-value healthcare. Visit ValenzHealth.com to learn more.Imagine360: Imagine360 helps self-funded employers save on healthcare with smarter health plans. Cut expenses by 20-30% with custom solutions. Contact us today at Imagine360.com.Chapters:(00:00:00) Intro: The Philosophy of the Insurance Problem (00:01:35) The Illusion of Comfort: Why Employers Flee Responsibility (00:05:17) Breaking the System: When "Decent Men" Say Enough (00:08:05) The Psychology of Loss Aversion in Benefits Consulting (00:10:24) Are You a Serf or a Landlord? The Risk of Self-Funding (00:13:08) The "Marshmallow Test" and Delayed Gratification in Business (00:19:42) Tom's Background and the Origins of Level-Funding (00:23:39) Level-Funding a 5-Life Group: The Hard Way to Underwrite (00:30:56) The Fascinating History of U.S. Employer-Sponsored Healthcare (00:35:13) Machiavelli, Trust, and the "Brother Rule" of Business (00:41:09) Are We in the "Fourth Turning" of Healthcare? (00:45:54) How AI Will Bring Deeper Value to Client Relationships (00:49:40) Subsidizing Medicare: The Hidden Tax on Commercial Plans (00:53:35) Milton Friedman's Four Types of Money and the State (01:00:01) The Morality of Healthcare Bankruptcies (01:04:27) The Crisis of Meaning and "Earned Leisure" (01:08:23) Closing Thoughts: The Optimism of the Next GenerationKey Links for Social:@SelfFunded on YouTube for video versions of the podcast and much more - https://www.youtube.com/@SelfFundedListen/watch on Spotify - https://open.spotify.com/show/1TjmrMrkIj0qSmlwAIevKA?si=068a389925474f02Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/self-funded-with-spencer/id1566182286Follow Spencer on LinkedIn - https://www.linkedin.com/in/spencer-smith-self-funded/Follow Spencer on Instagram - https://www.instagram.com/selffundedwithspencer/

"This is why insurance is such a beautiful problem... there is no solution. There are only psychological or philosophical answers to it."What if the rising cost of health insurance is a deeply ingrained philosophical problem?My guest this week is Tom Stein, CEO of American Trust Administrators (ATA). But this episode isn't just a tactical breakdown of stop-loss and aggregate underwriting; it is a masterclass in the history, psychology, and economics of the U.S. healthcare system.Tom and I explore the deeply embedded Machiavellian forces that drive insurance carrier monopolies, and why small business owners often choose the "safe" option of a 97% fully-insured renewal simply out of a psychological fear of loss. We trace the origins of employer-sponsored care back to Henry Kaiser and WWII, discuss the ethics of "compulsion vs. choice" in taxation and single-payer models, and analyze whether the U.S. is currently in a "Fourth Turning" crisis phase of our healthcare delivery system.This is one of the most fascinating conversations you will hear all year. Tune in.Thank you to our 2026 sponsors!ParetoHealth: ParetoHealth empowers midsize employers with a long-term solution to reduce volatility and lower overall health benefits costs. Visit https://www.paretohealth.com/fully-insured-vs-self-funding-with-paretohealth-spencer-podcast/?utm_source=youtube&utm_medium=referral&utm_campaign=SelfFundedwSpencer to learn more.Samaritan Fund: A program that connects those who need help to the support they need. We are proud to offer the Samaritan Fund Program. Visit SamaritanFundProgram.com to learn more.Vālenz Health: We're Vālenz Health, your partner in improving health literacy, reducing plan spend, and delivering high-value healthcare. Visit ValenzHealth.com to learn more.Imagine360: Imagine360 helps self-funded employers save on healthcare with smarter health plans. Cut expenses by 20-30% with custom solutions. Contact us today at Imagine360.com.Chapters:(00:00:00) Intro: The Philosophy of the Insurance Problem (00:01:35) The Illusion of Comfort: Why Employers Flee Responsibility (00:05:17) Breaking the System: When "Decent Men" Say Enough (00:08:05) The Psychology of Loss Aversion in Benefits Consulting (00:10:24) Are You a Serf or a Landlord? The Risk of Self-Funding (00:13:08) The "Marshmallow Test" and Delayed Gratification in Business (00:19:42) Tom's Background and the Origins of Level-Funding (00:23:39) Level-Funding a 5-Life Group: The Hard Way to Underwrite (00:30:56) The Fascinating History of U.S. Employer-Sponsored Healthcare (00:35:13) Machiavelli, Trust, and the "Brother Rule" of Business (00:41:09) Are We in the "Fourth Turning" of Healthcare? (00:45:54) How AI Will Bring Deeper Value to Client Relationships (00:49:40) Subsidizing Medicare: The Hidden Tax on Commercial Plans (00:53:35) Milton Friedman's Four Types of Money and the State (01:00:01) The Morality of Healthcare Bankruptcies (01:04:27) The Crisis of Meaning and "Earned Leisure" (01:08:23) Closing Thoughts: The Optimism of the Next GenerationKey Links for Social:@SelfFunded on YouTube for video versions of the podcast and much more - https://www.youtube.com/@SelfFundedListen/watch on Spotify - https://open.spotify.com/show/1TjmrMrkIj0qSmlwAIevKA?si=068a389925474f02Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/self-funded-with-spencer/id1566182286Follow Spencer on LinkedIn - https://www.linkedin.com/in/spencer-smith-self-funded/Follow Spencer on Instagram - https://www.instagram.com/selffundedwithspencer/

Keith Weinhold explains why inflation has become a permanent part of the post–World War II economy and what that shift means for today's financial system.  He breaks down economist Dr. Mark Skousen's five structural reasons behind never-ending inflation and ties them to the hollowing out of the middle class and the "last generation to live normally" concept.  Keith then introduces opportunity cost as the biggest financial expense most people overlook and illustrates how leveraging low-cost, long-term debt to buy productive real assets can turn inflation into an advantage.  He closes by outlining a practical hierarchy for which debts to eliminate first and which to keep as tools for long-term wealth building. Episode Page: GetRichEducation.com/614 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. In less than 40 years, America has gone from 75% gasoline to permanent inflation. Then learn about the biggest financial expense you will ever have in your life. It's not taxes, housing, interest charges, inflation, children, or healthcare. Most people have never heard of it today on Get Rich Education. You know, Mid South Homebuyers, that top Memphis turnkey provider. I learned that a secret weapon behind their explosive growth is more than just you buying their properties. It's an executive coach. For nine years now. Their CEO Terry Kerr and his COO Pat Nix have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners. His name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one-on-one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to DanielThomashHind.com. H-I-N-D. That's DanielThomashHind.com, and sign up before spots fill.   Keith Weinhold  1:41   What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056 They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Chaley Ridge. While it's on your mind, start at ridgelendinggroup.com. That's ridgelendinggroup.com.   Speaker 1  2:14   You're listening to the show that has created more financial freedom than nearly any show in the world, this is Get Rich Education.   Keith Weinhold  2:31   Welcome to GRE from Bavaria, Germany, to Batavia, New York, and across 188 world nations. I'm Keith Weinhold, and you're listening to Get Rich Education. In the 19 the 1988 movie Die Hard, there's a California gas station sign in the background that's visible. You can see it there. The gas price on this sign is a jaw dropper. Unleaded 77.9 cents per gallon, regular 70-4.9 cents per gallon. That now looks like it belongs in a museum next to rotary phones and blockbuster video cards. Yes, California gas for 75 cents, and the movie Die Hard. It had all these actors from yesteryear, like Bruce Willis and Reginald Vel Johnson. Yet you, depending on your age, you might remember 1988. It's not like ancient history. Now we all know that inflation is always and everywhere a monetary phenomenon, like Milton Friedman said, but is there more to this? Is there more than the Fed targeting 2% inflation, just like it says on their website? Oh, there sure is. And by the way, with a little research, it looks like California Gas averaged 95 cents in 1988, not 75 like it shows in Die Hard, but in any case, the point is still there. And today, inflation keeps running hot. Four years ago, the pandemic made CPI inflation peak at 9.1 percent. Today, the hangover effects of tariffs push it up, and the Iran war are turning up the heat even more, with the latest reading above 4% Inflation is running at more than double what the Fed wants. You can even make the case now that inflation is out of control. But here's the thing: inflation has exceeded that 2% target for 60-three consecutive months now. I mean, think about what that means. My gosh, just imagine having an important target that affects every American and missing it 60-three times in a row. That's kind of what's happening now, and they're. Going to keep missing it. So this streak of inflation above 2% started back in March of 2021 during the pandemic hangover, and it is still going strong after 63 months. Nobody knows where this is going to end. Most Americans get crushed by rising prices because their wages don't keep up, and you know collectively they sort of think we are concerned, but then they mostly keep doing the same thing while their lifestyle quietly shrinks. So consumers despise inflation. Everyday investors are lukewarm about inflation, and leverage real estate investors are smiling like they found a 20-dollar bill in last winter's coat. Leverage real estate investors are pretty ecstatic about inflation. Now the history gets super interesting.   Keith Weinhold  5:59   Okay, how did we get into this, where we just always seem to have inflation? So learn the history, and then I'll tie it back to how it affects you as an investor. Because before World War II, inflation behaved differently. The old pre-1945 pattern was that we had inflation during wars and booms. We had deflation after panics and depressions. So therefore, the result was that over long stretches, price levels often just moved sideways. We used to have recessions more often back 80 plus years ago than we do now. So therefore, you just had these price levels move sideways because a recession even prompted deflation, actually a strengthening of purchasing power. But then after World War II, inflation basically went permanently positive. I mean, yeah, permanently positive, where inflation is just always turned on with very few exceptions to that. In wartime, now we have inflation. In peacetime, now we have inflation. During the Super Bowl, now we have inflation. It is inflation, no matter what is going on. Right then, so what changed? Prominent economist and GRE podcast guest here, Dr. Mark Skousen. He has cited five major reasons that inflation became a permanent fixture from 1945 until today. And Mark Skousen was here on the show with us almost exactly two years ago because he's also the founder of a great event called Freedom Fest that Nareesh and I broadcast a show from, the five reasons that Scowson cites for never-ending inflation are first, never-ending wars. Now this doesn't only mean formally declared boots on the ground wars where tanks are rolling, never-ending wars. It means this permanent state of global military readiness that we have today, where we have overseas bases, defense contractors, right with the military-industrial complex. We have NATO commitments.   Keith Weinhold  8:17   We have anti-terror operations, naval patrols, intelligence agencies, and all this enormous machinery that's required to keep America as the world's security backstop. Well, all that costs an awful lot of money, and when government wants more money than it collects, it has a favorite trick: just create more dollars and create them out of nothing. I mean, it's like ordering another round of drinks for the table and then putting it on the unborn grandchildren's tab. The second reason for the never-ending inflation is the 1913 creation of the Federal Reserve and how that's changed over time because the Fed they were originally supposed to defend the dollar, defend the gold standard, and act as lender of last resort. Today it mostly just does the last one. It acts as the lender of last resort, and it's really not even last resort. I mean, she shit seems to patch any significant hole in the economy by creating more dollars and then pumping them into the system. When markets wobble, banks panic, or politicians overspend, or the economy catches any kind of cold, you know, the Fed often just shows up with this fire hose of liquidity. Now, sometimes that's necessary, but either way, it means more currency creation. So, the Fed it began as this sort of sober hallway monitor, but now they're often the responsible party that needs monitoring. But no. No one is going to stand up and do it because no one in power wants austerity under their watch because that is extremely unpopular. The third reason for permanent inflation is the Bretton Woods Agreement. You've probably heard of this, but let me summarize what it briefly means. Okay, Bretton Woods was the 1944 deal that basically created the post-World War II global monetary system? It made the U.S. dollar the world's reserve currency. If you remember anything from Bretton Woods, just remember that it did that. It made the U.S. dollar the world's reserve currency, and the dollar was pegged to gold at $35 per ounce.   Keith Weinhold  13:29   And finally, the fifth reason for never-ending inflation post World War II is Keynesian economics. I mean, you probably at least heard the term before. It's been thrown around here from time to time. Named after John Maynard Keynes, K E Y N E S. And before I go on, I invested in real estate for a long time before I learned all this stuff. Probably close to a decade of investing first. So I taught myself this material, Keynesian economics. That's the belief that demand is what drives economic output and employment. So, if you only remember one thing about Keynesian economics, it's that you need demand, and it stokes demand. It says demand drives everything, and what I mean by that is the spending, spending from households, corporations, and government. So, in plain English, when private demand weakens, the government should step in and spend. That's what Keynesian economics says. Well, that means deficits, borrowing, stimulus, support, programs, relief, rescue packages, emergency measures, and see what happens is that temporary measures somehow become permanent measures wearing a fake mustache. Remember, even Nixon said removal from the gold standard is temporary. Well, that was now 50. 55 years ago, in theory, the government runs deficits in bad times and then tightens up in good times. But that doesn't really happen because, in practice, government often runs deficits in bad times and good times, war times, peace times, election years, non-election years, leap years, all the time running deficits, spending more than we take in, and when deficits become normal, well, then currency creation has got to follow. That's the consequence. Well, these five forces that I told you about for never-ending inflation, the reasons that I just shared with you-they are now structurally embedded. They are not going away.   Keith Weinhold  19:03   I mean, there is even political resistance to deflation in this system. Investors benefit the most when they own one thing: real assets tied to long-term debt. You probably knew that I was going to say that because if the dollar is designed to slowly melt. You don't want to be the one holding the ice cube. You want to own the freezer. That's the control that you have. The first half of the year recently ended. It's time for our asset class rundown. From the midpoint of last year to the midpoint of this year, single-family home values are up only about one and a half percent. That's the average of Case-Shiller and FHFA. Apartment building values are down 1% in the past year. When it comes to rents per Zillow, single-family home rents are up 2.8% in the past year to an all-time record of almost 20-$300 Apartment rents are up just. 1.3% nationally. Sunbelt Apartments were the weak spot. Apartments.com said the South was down seven tenths of 1% year over year, and the mountain region down one and a half percent. With San Antonio, Denver, Austin, and Phoenix among the weaker markets, that's due to oversupply in those areas. 30-year mortgage rates down from 6.8 to 6.6% The S S&P 500 up 21 percent on AI optimism, despite a war in Iran. Though down in past months for the year, gold is still up 21 percent, silver soared 63 percent, Bitcoin down 45 percent. I mean, speculative digital assets have really gotten a cold shoulder. Oil up 4% although it went on a wild ride, and CPI inflation reheated to 4.2% That's our asset class rundown.   Speaker 2  22:59   This is our rich dad poor dad author Robert Kiyosaki. Listen to Get Rich Education with Keith Weinhold. Don't quit your daydream.   Keith Weinhold  23:17   Welcome back to Get Rich Education. I'm your host Keith Weinhold. I want you to listen to something along with me, and then I'll come back to comment. This is from the parallel truth. It's called the last generation to live normally, and it's less than two minutes in length.   Speaker 2  23:32   We have to talk about something that sounds dramatic, but it is becoming true. Your parents may have been the last generation to live a normal life-not an easy life, not a perfect life, but a life where the basic deal still made sense. You could get a stable job, you could buy a house, you could raise children, you could save some money, you could retire one day. And even if life was hard, most people still believed that if they worked honestly, their future would slowly get better. But look at what happened to your generation. You work more, but own less. You study more, but feel less secure. You have more technology than any generation in history, but less peace, less time, and less confidence about the future. Your parents were told, "Work hard, and you will build a life. But you are being told that, "Work hard, and maybe you can afford rent. And the most disturbing part is that this did not happen overnight. It happened slowly. First, housing became an investment instead of a basic need. Then, education became a debt trap. Then, healthcare became too expensive. Then, stable jobs disappeared. Then, everything became a subscription: your house, your car, your software, your entertainment, even your future. Everything slowly became something you rent but never truly own. And while ordinary people were falling behind, the economy kept looking strong on paper. The stock market went up, billionaires got richer, companies made record profits. Politicians kept saying that everything was fine, but if everything is fine, why does an entire generation feel like it is drowning? The truth is, your parents did not live through normal history. They lived through a rare window where ordinary people. People were allowed to share in the wealth of the system, but that window is now closing. The old promise was simple: work hard, buy a home, raise a family, retire with dignity. The new promise is different: work forever, rent everything, delay children, carry debt, and call it freedom. So maybe young people are not lazy. Maybe they are just the first generation honest enough to admit that the old deal is dead. Your parents were not lucky because life was easy. They were lucky because they were the last ones who got the deal before it was taken away.   Keith Weinhold  25:27   Yeah, there it is-the last generation to live normally. That's really a fresh slant on the hollowing out of the middle class. The rules have changed. Inflation is entrenched. Now you know why. Back in 2020, the pandemic accelerated that effect, and yet it's just unbelievable to me that people think working hard and saving money is enough to get you the lifestyle that you desire. Now I am not against hard work, it's the fact that people think that that's all that it takes. Before we hit the permanent inflation era, it might have made sense for you to say, save your money, pay all cash for a cheap fixer-upper property, and work hard for years to fix it up yourself. Oh, and then you could own a modest home debt-free. Today, even if you could do that, why would you? Instead, you can just prudently finance your way through life. You could have instead borrowed for two or three already renovated properties and let debt, inflation, and perhaps even tenants do the work for you. Above all, do the right thing before you do things right. That's what I like to say. Well, the way you get wealthy is by owning a lot of assets, not by grinding in the salt mines to pay off your debt. Those that are debt free are often asset poor. The biggest financial expense that you will ever have in your life. Do you know what it is? It is not taxes or interest charges. It's not even inflation or housing or healthcare or having children, most people have never heard of it. You probably have, but most people have never heard of this biggest financial expense you'll ever have, and they certainly don't know how to avoid it.   Keith Weinhold  27:34   Say that you're 35 years old and you put 100k under a mattress for 30 years until you're 60- years old. Instead, if that would have been invested at a 12% annual return, do you know how much that would have grown to? That would have grown to $2.996 million All right, basically 3 million bucks, a 30x increase. Therefore, it would be a 2.9 million dollar mistake to save money, and what this means is that the biggest expense you'll ever pay in your life is called opportunity cost. Yeah, opportunity cost is life's biggest expense. It's the return that was foregone when you chose one option over another. So opportunity cost is not what you spend; it's what your money could have become had you put it somewhere more productive. All right, now that was a pretty extreme example of 100k under a mattress. As a listener to this show, you are probably more savvy than a person that would save big lumps of money for close to zero return. Let me give you a better example of how when you pay all cash for something, you've usually just made your future self poorer. A friend of mine heard the episode last year where I talked about buying a new car for myself, a BMW X3 SUV. As it is, you probably remember that episode. Though I could have paid all cash for the car, I put the minimum down payment in there and then financed as much as I could because of a favorable 4% interest rate that I got on a car loan. Well, my friend Jesse heard that episode. This influenced him. So what he did is he bought a Subaru for his wife. Although he had planned to pay all cash and could have paid all cash for the car, Jesse got financing, and he did better than me. He got just a 1% interest rate somehow. Wow! It was actually nine tenths of 1% but let's just call it 1% What a deal! Instead of paying all cash for the car, he held on to that chunk of money. Instead of tying it up in a depreciating asset, he is financing it all. Now I don't. How much the Subaru costs, but let's just say it was 50k to keep the numbers simple. Well, look, if Jesse feels like he can get a 10% return over time by investing his money instead of sinking it into a car, how much does he profit by borrowing? Of course, he has the advantage of keeping his funds more liquid as well, but how much does he actually profit from this arrangement?   Keith Weinhold  30:24   Well, the math is so easy that you can even visualize it in an audio format here. Now it depends on the loan term, but the simple spread is a 10% investment return minus a 1% car loan cost. That is a 9% positive spread on 50k. That's roughly $4,500 per year in benefit. That's before any taxes, risk, or fees. $4,500 a year just for doing some loan paperwork. Like if you wonder whether the loan paperwork is worth it or not, that's what we're talking about here, and that's 375 bucks a month. So if you're wondering if it's even worth it taking the time to get a car loan when you could pay all cash, it probably is. All right, now that's the upside. What about the risk that's associated with taking a loan instead of paying all cash, well, the caveat here is that the 1% loan is guaranteed, but the 10% return is probably not, and that risk gap does matter. If you're financially fragile and you can't make the payment with another pot of money, well, then you risk default. That is over leverage risk. That's the worst case scenario. All right, what's the flip side? The flip side is that you could earn a return even better than 10% As we know, with real estate pays five ways on investment property. If you earn a 20% return, now you're making $9,500 a year on the spread, not $4,500, but a 10% return. That is the base case. So again, by paying all cash instead of getting the loan, your future self would be poorer by $4,500 a year. And now, my friend Jesse, that learned this from me, he's actually a CFA, a chartered financial analyst, a sophisticated money guy. But he had simply been overlooking this. And said another way, what you're doing here is that over time, your investment is paying you more than your interest is costing you, and in my life, I have been doing exactly this sort of thing all over the place for decades. An interesting thing that I hear about this, although it makes me scratch my head, I've heard a few people say this. It's just like, oh well, I don't want to have to deal with a car payment? I just rather be done with it and move on. What is there to deal with? Just set up auto pay with preserving funds for say a 10% return. You're then going to see more dollars flowing into your account than you will out of it. I mean that part can just be automated.   Keith Weinhold  33:19   My life and finances are set up this way. In fact, when I get a loan for a rental property, I have had mortgage loan officers that are looking at my finances. They tell me that I have more stuff flowing into and out of my checking account than they've ever seen anyone have. I'm I'm financing and arbitraging my way through life passively. This is thanks in part to inflation. I am not paying very much at all in that biggest financial expense that we all have in our lives-not taxes or children or housing, but opportunity cost. I am avoiding paying that. This is the world that we live in today, a lot of times debt reduction is horrible advice. Debt free that can keep people from falling over a cliff, but it stalls any wealth creation. Now the debts that usually make the most sense to pay down they're the ones with high interest, variable rates, no tax benefit, and no productive asset attached. And here is the priority order that I use for paying down debt or paying off debt. First, it is credit cards. Pay down these first almost every time. I mean, a 20% or even 30% credit card rate. This is like financial quicksand. You don't need a sophisticated investment thesis when you can get a guaranteed 20-4% quote-unquote return by eliminating this debt. The next place I would pay down are payday loans, personal. Loans and consumer finance debt. I mean, these are usually bad debts because they're at a high rate, have a short amortization, and they're usually tied to consumption instead of an income-producing asset. Pay these aggressively too, and then next in priority is paying variable rate debt that could reset higher. This isn't quite as important to address.   Keith Weinhold  35:24   We're talking about things like HELOCs, adjustable rate loans, margin debt, and some business lines of credit. Some of those can become dangerous when rates rise, even if the rate's tolerable today. The uncertainty can be a bit of a problem. Now, when it comes to should you pay down student loans, consider that. low fixed-rate student loans that might not be urgent. It sure wasn't for me. High-rate private student loans that could be different. That could get more of your attention. You also got to weigh things like tax benefits. Look out for forgiveness programs when it comes to student loans, those haven't been quite as available lately under this administration. Also, look at employer repayment benefits before you rush to pay down student loans, and then really the last one: low fixed-rate mortgage debt. Pay that last if you ever do. In fact, it is quite possible that I will always keep this debt type around that low fixed rate mortgage debt. So really, my rule of thumb here is to kill toxic debt. Be careful with unstable debt, and don't rush to pay off cheap fixed productive debt if you ever pay it off at all. You and I covered a lot of ground today, starting with 75 cent gasoline in California, all the way to the biggest expense you'll ever pay throughout your life, being something that most people have never heard of: opportunity cost. Coming up on the show here, a lot of good episodes, including a great guest and I are going to discuss a new way to invest in residential real estate that we haven't discussed before, and it will massively boost your cash flow. If you found today's show valuable, whether it was the history of why we have permanent inflation or the idea of passively financing your way to wealth, rather than only working harder. I would be grateful if you share this episode with a friend. Just tap the share button in Spotify, Apple Podcasts, or wherever you listen, and send it to someone who would benefit from hearing it. Or take a screenshot of this episode and post it on social media. It helps more people find the show, and it gives you and your friends something smart to talk about with each other. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 1  37:53   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.    Keith Weinhold  38:21   The preceding program was brought to you by your home for wealth building at getricheducation.com.  

She is not an ivory tower academic but an economist whose deep understanding of society comes from lived experience and endless curiosity. Vidya Mahambare joins Amit Varma in episode 448 of The Seen and the Unseen to discuss her life and her learnings. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Vidya Mahambare on Google Scholar, LinkedIn, Twitter, Instagram, Great Lakes, Mint and her own website. 2. What Shapes Us? -- Vidya Mahambare's podcast. 3. Closing the income gap -- Vidya Mahambare's column on the five Es. 4. Family structure, education and women's employment in rural India -- Sowmya Dhanaraj and Vidya Mahambare. 5. Male backlash and female guilt: women's employment and intimate partner violence in urban India -- Sowmya Dhanaraj and Vidya Mahambare. 6. Women's challenging commutes in southern India: A case of the metropolitan region of Chennai -- Vidya Mahambare and Sowmya Dhanaraj. 7. Analysing the sentiment-based variation in finance ministers' communication -- Vidya Mahambare, Akash Gupta and Sowmya Dhanaraj. 8. Sowmya Dhanaraj Is Making a Difference — Episode 380 of The Seen and the Unseen. 9. Alice Evans Studies the Great Gender Divergence — Episode 297 of The Seen and the Unseen. 10. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 11. A Deep Dive Into Education -- Episode 54 of Everything is Everything. 12. Puliyabaazi — Pranay Kotasthane, Saurabh Chandra and Khyati Pathak's podcast. 13. What These Labels Mean -- Episode 107 of Everything is Everything. 14. Every Act of Government Is an Act of Violence -- Amit Varma. 15. Understanding the State -- Episode 25 of Everything is Everything. 16. India's MSME Landscape — Some Useful Frameworks — Episode 419 of The Seen and the Unseen (w Sudhir Sarnobat and Narendra Shenoy). 17. What Ails Indian Manufacturing? -- Episode 104 of Everything is Everything. 18. Is Manufacturing the Answer? -- Episode 105 of Everything is Everything. 19. Niranjan Rajadhyaksha Is the Impartial Spectator — Episode 388 of The Seen and the Unseen. 20. Varditalya Mansachya Nondi -- Sadanand Date. 21. The Life and Times of Shanta Gokhale — Episode 311 of The Seen and the Unseen. 22. EconForEverybody -- Ashish Kulkarni's blog. 23. FSI (Floor Space Index) — Episode 11 of The Seen and the Unseen (w Alex Tabarrok). 24. Rent Control — Episode 14 of The Seen and the Unseen (w Alex Tabarrok). 25. Roofs or Ceilings -- Milton Friedman. 26. Stay Away From Luxury Beliefs — Episode 46 of Everything is Everything. 27. Luxury Beliefs are Status Symbols -- Rob Henderson. 28. A Matter of Life and Death -- Amit Varma. 29. India = Migration — Episode 128 of The Seen and the Unseen (w Chinmay Tumbe). 30. India Moving — Chinmay Tumbe. 31. Biju Rao Won't Bow to Conventional Wisdom — Episode 392 of The Seen and the Unseen. 32. Can Economics Become More Reflexive? — Vijayendra Rao. 33. Lant Pritchett Is on Team Prosperity — Episode 379 of The Seen and the Unseen. 34. Is Your Impact Evaluation Asking Questions That Matter? A Four Part Smell Test — Lant Pritchett. 35. The Confidence Gap — Katty Kay and Claire Shipman. 36. More from Less for More -- Raghunath Mashelkar and Sudhil Borde. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Amit Varma runs a course called Life Lessons, which aims to be a launchpad towards learning essential life skills all of you need. For more details, and to sign up, click here. And have you read Amit's newsletter? It's madly active right now! Subscribe right away to The India Uncut Newsletter! It's free! Also check out Amit's online course, The Art of Clear Writing. Episode art: 'Women at Work' by Simahina.

0:30 - Tyler Robinson Trial 5:52 - Platner's fare the well video 22:53 - Decline in reading 43:23 - Vance on Milton Friedman 01:02:14 - Eldar Mamedov argues renewed military action won't force Iran to change course, saying the current conflict is about the Strait of Hormuz—not its nuclear program. Follow Eldar on X @EldarMamedov4 01:23:57 - Noted economist Stephen Moore responds to JD Vance's comments on Milton Friedman, warning that some national conservatives are embracing a bigger government role in the economy. Get more Steve @StephenMoore 01:39:41 - Managing Editor for HotAir.com Ed Morrisey on Graham Platner’s fare the well video: To go on for 11 minutes and paint yourself as the victim is about as arrogant a statement as I've ever heard. 02:01:45 - Chairman & Founding Director of AIQA Global, James Malackowski, with AIQA Global’s Co-Founder and Managing Director Chase Malackowski: AI has a trust problem. Chicago can help solve it. For more on AIQA Global aiqaglobal.comSee omnystudio.com/listener for privacy information.

Vice President JD Vance stated last week in a now infamous interview that the right needs less Milton Friedman and an economic approach more like Alexander Hamilton's. One can hope the VP simply doesn't understand Milton Friedman, but more than likely this “new right” mentality is trying to draw a line against the laissez faire to the economy favored by Friedman. But when various 21st century voices claim Alexander Hamilton as one of their own in seeking larger government control over the economy, do they actually understand Hamilton correctly? In this Capital Record episode, David is happy to defend Milton Friedman, but also happy to defend Alexander Hamilton, too -- against a revisionism that not only gets its economics wrong, but its history, too. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Who is funding the students that India's banks won't touch?Propelld is one of India's largest education-focused lenders, giving loans to roughly 1.5 lakh students every year — matching SBI — with a team a fraction of the size and no branch network. In a single financial year it now disburses more education loans than SBI did in six years of its history.Victor started Propelld in 2016 with a thesis born out of a Milton Friedman paper: a good student should never have to walk away from a good opportunity just because they don't have the money. Propelld hit its stride by going exactly where traditional lenders refuse to — 70% of its borrowers come from tier-3 cities, a segment banks treat as too risky.Instead of chasing the safe 1% of students at IITs and IIMs, Victor made a bet most lenders never make. He built the ability to underwrite the end-use itself — a "Crystal score" for institutes and courses that measures employability and real ROI. The result: NPAs held at ~1%, roughly one-tenth of what banks see the moment they step outside tier-1.Victor has a clear view of where lending goes next. In a post-LLM world, risk, distribution, and fulfillment get radically more efficient — one person already drives ₹50 crore of disbursal a year, and OPEX is projected to fall toward 2% at ₹6,000 crore AUM. His ranking never changes: NPAs first, unit economics second, growth third.If you are excited about how AI is rebuilding lending — and who gets to dream bigger because of it — this episode is for you.00:00 - Trailer00:50 - The two numbers that tell Propelld's story01:55 - Why 70% of borrowers come from tier-3 cities02:21 - How NPAs stay at 1%02:52 - Why education is a great asset class04:04 - Building a "Crystal score" for institutes and courses05:31 - End-use control: why an education loan isn't a personal loan06:27 - Why banks only lend to IITs and IIMs08:36 - Measuring employability to underwrite the end-use10:23 - 10 years at the intersection of fintech and edtech11:46 - Why education financing is only ~5% penetrated17:53 - Do India's graduate really not get a job?21:12 - The 8% data point, and quantifying ROI22:24 - The social mobility no one can price25:39 - From IIT Madras and a global bank to building Propelld27:41 - How the post-LLM world rewires lending30:26 - How fast an institute gets onboarded and a loan disbursed32:12 - Profitable at a ₹1 lakh ticket size34:13 - The financials: doubling revenue, holding costs flat to FY3037:19 - Lending as an ecosystem enabler, not just a loan39:33 - The most valuable courses in a post-LLM world41:40 - The bet on arts graduates as coding gets commoditized43:32 - The Milton Friedman paper that started it all46:53 - 100 investors, and the few who said yes48:33 - Co-founding with school friends since class 650:24 - Settling disagreements over food and Hampi trips51:31 - The most common mistake fintech founders make52:51 - The one metric that ranks above everything: NPAs-------------India's talent has built the world's tech—now it's time to lead it.This mission goes beyond startups. It's about shifting the center of gravity in global tech to include the brilliance rising from India.What is Neon Fund?We invest in seed and early-stage founders from India and the diaspora building world-class Enterprise AI companies. We bring capital, conviction, and a community that's done it before.Subscribe for real founder stories, investor perspectives, economist breakdowns, and a behind-the-scenes look at how we're doing it all at Neon.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShowwConnect with Siddhartha on:LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/Twitter: https://x.com/siddharthaa7-------------This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.Send us Fan Mail

America just turned 250 — and a card-carrying socialist is running its biggest city. On today's Wake Up America, Austin and Steffi Petersen break down the rise of the "Commie Caucus" after President Trump's 250th-anniversary war on communism — then bring you two rare pieces of GOOD news: America's nuclear reactors roaring back to life for the first time in 40 years, and EV batteries shattering every expectation. Plus, economist Jon Miltimore (@Miltimore79) joins to discuss why nearly half of young Americans are living with their parents, and economist Dan Mitchell (@danieljmitchell) joins to discuss JD Vance's claim that the GOP is now "more Alexander Hamilton than Milton Friedman." ▶ SUPPORT THE SHOW Join Petersens Patriots — $17.76/mo — 20% off the shop + exclusive in-person events: wakeupamericashow.com/support ▶ SHOP Merch, Founding Flavors Coffee, and the Richard Nixon Ringer Tee: 4LibertyShop.com ▶ JOIN THE COMMUNITY Discord: 4LibertyNetwork.com ▶ WATCH LIVE rumble.com/ap4liberty — Monday through Friday, 7–9 AM Central ▶ UNLOCK BONUS CONTENT $100 in Rants/gift subs/merch unlocks a 5-minute mini-doc on an American Revolution hero. $150 unlocks the Great Grift Off Liberty Loot game show, played live on your phone for real prizes. #WakeUpAmerica #AustinPetersen #Mamdani #JDVance #America250

Kinsella on Liberty Podcast: Episode 494. This is my interview by Alex Buxeda of at Schweizer Monat [Swiss Monthly; linktree]; recorded June 22, 2026. Youtube shownotes: Stephan Kinsella, patent attorney, legal theorist, and one of the leading critics of intellectual property sits with Alex Buxeda to explore whether ideas can be owned. Starting from first principles, they discuss why Kinsella argues that patents and copyrights are incompatible with property rights, the role of scarcity in economics, innovation without intellectual property, pharmaceutical patents, entrepreneurship, pricing, and the philosophical foundations of ownership. Grok summary: We discussed why intellectual property is fundamentally incompatible with genuine property rights. Stephan Kinsella argued that patents and copyrights are not legitimate property but state-granted monopolies that violate real ownership of scarce, physical resources. He explained that ideas and knowledge are non-scarce and non-rivalrous — one person's use does not prevent another's — so enforcing IP requires aggression against others' tangible property. We explored the flaws in common justifications for patents (especially in pharmaceuticals), the arbitrary nature of IP law, the myth that “creation” grants ownership, and how free competition and open knowledge flows drive far more innovation than government-protected monopolies. Kinsella also addressed the ethics of piracy, the distorting effects of the FDA and tariffs, and why emerging technologies like 3D printing and AI will increasingly undermine IP systems. https://youtu.be/Q4SD8pmpv1U?si=gtx2KN2CcsAbIl5s Related links/publications (Grok assist) For further discussion of the issues raised in this conversation, see the following resources by Stephan Kinsella, grouped by topic: Core Case Against IP & Property Rights Fundamentals Against Intellectual Property (2001/2008) — Kinsella's foundational monograph making the case that patents and copyrights are incompatible with libertarian property rights based on scarcity and homesteading. The Problem with Intellectual Property (2025) — A comprehensive recent paper arguing that IP rights are unjust state-granted monopolies that violate legitimate property rights in scarce resources. Against Intellectual Property After Twenty Years: Looking Back and Looking Forward (2022) — Updated reflections on the original arguments, addressing common objections and developments since 2001. Intellectual Property Rights as Negative Servitudes (2011) — Argues that IP functions as non-consensual negative servitudes on others' physical property, violating true property rights. Another Way to Explain the Problem with IP: Resources v. Knowledge; Ownership v. Possession (2017) — Clear distinction between scarce resources (subject to ownership) and non-scarce knowledge/ideas. The Prior-Later Distinction (2026) — Clarifies the foundational role of first-use (prior appropriation) in property rights theory. Structural Unity of Real and Intellectual Property? (2025) — Examines (and rejects) attempts to unify real and intellectual property conceptually. Scarcity, Ideas, Labor Theory & Creationism Critiques Ideas are Free: The Case Against Intellectual Property (2010) — Explains why ideas and knowledge are non-scarce and why libertarians were mistaken in supporting IP. Libertarian Lockean Creationism (2025) — Critique of the mistaken “creation” theory of property rights often used to defend IP. Locke's Big Mistake: How the Labor Theory of Property Ruined Political Theory Locke's Big Mistake (Transcript) (2013) Hume on Intellectual Property and the Problematic Labor Metaphor (2011) On the Danger of Metaphors in Scientific Discourse (2011) Objectivist Law Prof Mossoff on Copyright; or, the Misuse of Labor, Value, and Creation Metaphors (2008) How We Come to Own Ourselves (2006) — Explains self-ownership and original appropriation, central to why IP conflicts with libertarian property theory. Superabundant Bananas & Property Rights as Normative Support for Possession (2025) — Further clarification on scarcity, superabundance, and the nature of property rights. Pharmaceuticals, FDA & Market Distortions Patents and Pharmaceuticals (2023) Are Patents Needed to Make Up for FDA Kneecapping? (2011) FDA and Patent Reform: A Modest Proposal (2023) Milton Friedman on the Distorting Effect of Patents (2011) Drug Reimportation (2009) — Discussion of reimportation, free trade, and how patents distort pharmaceutical pricing. Tabarrok: Patent Policy on the Back of a Napkin (2012) — Critique of simplistic patent policy arguments. KOL469 | Tabarrok on Patents, Price Controls, and Drug Reimportation Practical & Reform Topics Do Business Without Intellectual Property (2014) How to Improve Patent, Copyright, and Trademark Law (2011) The American Invents Act and Patent Reform (2011) IP Law and Market Failure (2022) Intellectual Nonsense: Fallacious Arguments for IP (2012/2021) — Critique of common fallacious pro-IP arguments. Copyright Absurdities & Other Examples Libraries Prepare to Burn Foreign Books, Courtesy Copyright Law (2011) — Striking example of the absurd real-world effects of copyright enforcement. Historical Libertarian & Objectivist Views on IP Rothbard and the Galambosians (2005) — Discussion of extreme pro-IP views within libertarian circles and Rothbard's perspective. The Galambosians Strike Back (2015) Around This Time I Met the Galambosian (2013) Rand Chose IP: Death Over Life (2025) — Critique of Ayn Rand's strong support for IP. IP: The Objectivists Strike Back (2009) — Response to Objectivist defenses of IP. Why Objectivists Hate Anarchy (2009) — Broader context on Objectivist-libertarian tensions, including IP. Purpose of Law, Schizophrenic State & Broader Theory The Purpose of Law: Justice and Property Rights (2026) The Schizophrenic State (2006) — Classic piece on the contradictory nature of state actions regarding monopolies and competition. Foundational Libertarian Theory Legal Foundations of a Free Society (2023) Disentangling Legal and Economic Concepts (2025) The Title-Transfer Theory of Contract (2024) A Libertarian Theory of Contract (2003) What Libertarianism Is (2009) Recent Audio/Lectures KOL489 | The Problem with Intellectual Property (Audio) (2026) KOL483 | The Economics and Ethics of Intellectual Property (2026) KOL491 | Trying to Persuade Paul Cwik of the Case Against IP KOL253 | Berkeley Fed Soc: Libertarian's Case Against IP KOL469 | Tabarrok on Patents, Price Controls, and Drug Reimportation These resources expand on the core themes of scarcity versus ideas, negative servitudes, pharmaceutical patent issues, market distortions, FDA interactions, practical business strategies, Locke's labor theory mistakes, contract theory, self-ownership, metaphors in discourse, Objectivist views on IP, the purpose of law, and libertarian first principles discussed in the interview. Shownotes (Grok) Podcast Shownotes Episode Title: Stephan Kinsella: Why Intellectual Property is Incompatible with Property Rights Guest: Stephan Kinsella (retired patent attorney & libertarian legal theorist) Host: Alex Buxeda Episode Summary Stephan Kinsella delivers a rigorous, first-principles critique of patents and copyright. He argues that IP is not property at all, but a government-granted monopoly that violates genuine property rights in scarce resources. Drawing on Austrian economics and libertarian ethics, he explains why ideas are non-scarce, why IP slows innovation, and why free markets and competition are superior engines of progress. A clear, uncompromising defense of abolishing intellectual property. Total Runtime: ~1 hour 22 minutes Key Topics & Timestamps 0:00 – Introduction and Practical Market Realities Kinsella begins by noting that entrepreneurs can use strategies like loss leaders and price discrimination, but cartels and monopolies are hard to sustain due to competition and cheating — setting the stage for his deeper critique of state-enforced monopolies like IP. 1:00 – Kinsella's Journey from Pro-IP to Abolitionist As a former patent attorney and lifelong libertarian, Kinsella originally accepted Ayn Rand's defense of IP. After deep study while practicing patent law, he concluded that IP is literally unjustifiable and incompatible with property rights. This realization forced him to refine his understanding of libertarian property theory, relying more heavily on Mises, Rothbard, and Hoppe. 4:22 – Core Argument: Scarcity, Property Rights, and Why Ideas Are Not Property Property rights exist solely to resolve conflicts over scarce, rivalrous resources. Ideas and knowledge are non-scarce — one person's use does not prevent another's simultaneous use. Granting IP rights therefore requires using force against others' legitimate physical property (factories, printers, materials), creating artificial conflict rather than resolving it. IP is not ownership of information; it is a negative servitude on real property. 14:55 – The Pharmaceutical Patent Defense and Why It Fails Kinsella directly refutes the claim that expensive R&D requires patents. High drug costs stem primarily from FDA regulation, not invention. Patents create monopoly pricing and slow knowledge diffusion, which is the true source of long-term progress. He criticizes utilitarian “market failure” arguments, arbitrary patent terms, and the state's schizophrenic approach (granting monopolies via patents while attacking monopolies via antitrust). Free markets naturally reward first movers with temporary profits before competition drives prices down. 31:45 – Arbitrariness of IP and the Myth of “Creation” as a Source of Rights Patent and copyright durations are completely arbitrary....

On Thursday's Mark Levin Show, what made the Declaration of Independence remarkable was that it was unprecedented in human history. The Declaration serves as the foundational basis for the nation and its Constitution, celebrating America's purpose. Critics like Presidents Obama and Woodrow Wilson have rejected or downplayed its first part on the Creator and principles, focusing instead on the list of grievances against the king to advance new ideologies; however, President Coolidge defended these enduring, universal ideas from Aristotle and Locke as perpetual, not to be dismissed. The Declaration's concise statement of American identity is incompatible with Marxism, Islamism, and fascism. Also, President Reagan was a great admirer and friend of Milton Friedman. He often sought his input on economic policies. During Reagan's presidency, there was massive economic growth, and he won two historic landslide elections, popular vote and electoral college, like no Republican before or since. Alexander Hamilton would grow increasingly supportive of a powerful central government. He would argue with Thomas Jefferson and James Madison on their approaches to government during the Washington administration and beyond. Hamilton argued for implied powers under the Constitution, which infuriated Jefferson and Madison. Hamilton claimed the necessary and proper clause was essentially a ticket to significantly expanding federal action. Later, Americanism and capitalism are philosophies enabling individual decision-making under the Declaration and Constitution, whereas ideologies are fanatical beliefs imposed society-wide regardless of consequences. Communism is defective and anti-human, misreading human nature by suppressing free will, reason, debate, and academic freedom in favor of brainwashing, conformity, and central control, as seen in places like Cuba, Nicaragua, North Korea, and China, and similarly with Islamists. Nationalists, populists, and Marxists attack the American experiment, economic system, and culture through emotion, slogans of equality, and activist government, showing overlaps reminiscent of 1930s fascists and communists. Learn more about your ad choices. Visit podcastchoices.com/adchoices

JD Vance says the right is moving away from Milton Friedman. So why does the new Republican economics sound a lot like central planning? In this Good Morning Liberty Dumb Bleep of the Week, Nate and Chuck break down JD Vance's Hamiltonian economics, the GOP's growing comfort with government-managed markets, and why Milton Friedman's "where are the angels?" argument still matters. They also hit AOC, the Democratic Socialists of America, Elon Musk, SpaceX, Europe's AC panic, New York's 78-degree energy scolding, the KIDS Act, online age verification, Tim Burchett's federal government claim, Troy Nehls on affordability, and Trump's golden eagle meltdown. Chapters: 00:00 Liberty, fireworks, and Dumb Bleep rules 03:15 America at 250 and the founders problem 05:45 JD Vance rejects Milton Friedman 13:00 Human flourishing, living wage, and control 18:30 Milton Friedman asks where the angels are 23:45 DSA says socialism is the answer 26:45 AOC, Elon Musk, and federal contracts 37:30 Europe's AC blame game 41:45 Mamdani's 78 degree rule and Indian Point 46:15 Tim Burchett's 1966 government claim 49:30 The KIDS Act and age verification 56:30 Affordability, lobster, and the golden eagle Links: Watch All Episodes: https://www.youtube.com/playlist?list=PLi78svKlBr_8o0dDOX8DxO_Wwxu6WYhhA Watch Host Favorites: https://www.youtube.com/playlist?list=PLi78svKlBr__Zu40RL7mWxCuOOe54zgy2 Join the Fed Haters Club @ https://www.goodmorningliberty.us/fedhatersclub Join GML: joingml.com [Martens Minute]: https://martensminute.podbean.com/ All links @ gml.bio.link Subscribe, like, comment, share, and leave a rating or review on your podcast app.  

THE COMMUNIST TAKEOVER BEGINS A democratic socialist just torched a thirty-year incumbent in Denver, and she's only the latest. Today we trace the socialist takeover of the Democratic Party one quiet primary at a time, from Mamdani's New York to Melat Kiros in Colorado, and we show you the 1954 law the Democrats themselves passed to stop exactly this — the one we're asking them to enforce. Then we step into the oldest economic fight in America as JD Vance crowns Alexander Hamilton over Milton Friedman, and we put both men in the ring to ask which one the right should actually be following. Camellia joins us to make the case for Missouri's Amendment 4, and investigative reporter Tom Pappert breaks down how a fringe ideology captured a major party in plain sight.

Jon Hartley and Dr. Oz along with his two deputies discuss running the Centers for Medicare & Medicaid Services (CMS) which administers the major federal government healthcare programs within the US Department of Health and Human Services (HHS), tackling Medicaid and Medicare fraud across the nation, healthcare changes in the One Big Beautiful Bill (Working Families Tax Cuts Act), lowering pharmaceutical drug prices through most favored nation (MFN) deals and TrumpRx, and integrating AI and technology into CMS workflows. Recorded on June 11, 2026. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, or subscribe for the next episode, click here.

In part one of Red Eye Radio with Gary McNamara and Eric Harley, the guys begin the show by showing appreciation for just how great our country is and remembering the lives of their parents by making comparison of decades ago with the lack of the current technology we enjoy today. As America turns 250 over the weekend, all of us here at Red Eye Radio proudly fly our flag of gratefulness and appreciation for the freedoms we enjoy in this great country of ours every day! Also audio from Fox News confirming the Democratic Socialists of America's successful agenda of controlling the Democratic party / and archived audio from Milton Friedman on capitalism in America (at the time) For more talk on the issues that matter to you, listen on radio stations across America Monday-Friday 12am-5am CT (1am-6am ET and 10pm-3am PT), download the RED EYE RADIO SHOW app, asking your smart speaker, or listening at RedEyeRadioShow.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In the fifteen years following the end of World War II, Western Europe's capital account surpluses were not sufficient to finance its trade deficit with the United States. Charles Kindleberger of MIT, who helped assemble the Marshall Plan, defined this gap as the "dollar shortage" and argued that it was a structural problem rooted in Europe's lagging productivity, one that could only be fixed by sustained US lending. Milton Friedman disagreed, treating the shortage as a simple consequence of overvalued fixed exchange rates that floating currencies would correct. The argument continued through scores of books and articles written by many other economists into the late 1950s, until Europe's productivity caught up, and the debate faded. In a paper in the Journal of Economic Perspectives, authors Harris Dellas and George S. Tavlas revisit the controversy and explain why it still matters. They find that Kindleberger anticipated much of what is now called the intertemporal approach to the current account, and they trace how two recent episodes of dollar shortages echo and depart from the original.  Dellas and Tavlas recently spoke with Tyler Smith about the paper.

Was Milton Friedman right about inflation? Yes—but only if you quote the entire sentence. For decades, investors, economists, and financial media have repeated Friedman's famous statement that "inflation is always and everywhere a monetary phenomenon." Unfortunately, most stop at the comma, missing the critical qualification that changes the entire meaning. Lance Roberts reveals what Friedman actually meant, why money supply alone does not guarantee inflation, and how velocity, productive capacity, and credit creation determine whether higher prices become a lasting inflation problem or simply a temporary price adjustment. 0:00 INTRO 0:56 - Short Trading Week + EOQ Dynamics 4:16 - Google Joins the DJA 5:33 - Markets Break 50-DMA: What Comes Next? 12:07 - Milton Friedman Was Right (but mostly misquoted) 17:37 - Why is Debt Important? 20:57 - CPI in the '60's & '70's 22:47 - How to Grow Money Supply 26:15 - Money Has to Grow for the Economy to Grow 27:16 - The Importance of Monetary Velocity 34:54 - Quality of Credit Matters more than Quantity 38:22 - Where's All the Money Coming From? 40:50 - Household Cash as % of Total Household Assets 42:32 - The K is Improving 44:15 - Retail MM Fund Balances, Equity Ownership Growth 49:56 - Two America's Behind One Average 51:49 - What to Do? Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/qDTBlhH8YGY ------- Watch today's "Before the Bell" premarket commentary, "50-DMA Breakdown: Bounce or Bigger Warning?" https://youtu.be/dzfHi5OoSXw ------- Watch our previous show, "Don't Sweat Social Security," https://youtube.com/live/V4m6knHOW2o?feature=share ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Semiconductors #Micron #Investing #MarketOutlook #Inflation #MiltonFriedman #FederalReserve #Economics #Investing

Was Milton Friedman right about inflation? Yes—but only if you quote the entire sentence. For decades, investors, economists, and financial media have repeated Friedman's famous statement that "inflation is always and everywhere a monetary phenomenon." Unfortunately, most stop at the comma, missing the critical qualification that changes the entire meaning. Lance Roberts reveals what Friedman actually meant, why money supply alone does not guarantee inflation, and how velocity, productive capacity, and credit creation determine whether higher prices become a lasting inflation problem or simply a temporary price adjustment. 0:00 INTRO 0:56 - Short Trading Week + EOQ Dynamics 4:16 - Google Joins the DJA 5:33 - Markets Break 50-DMA: What Comes Next? 12:07 - Milton Friedman Was Right (but mostly misquoted) 17:37 - Why is Debt Important? 20:57 - CPI in the '60's & '70's 22:47 - How to Grow Money Supply 26:15 - Money Has to Grow for the Economy to Grow 27:16 - The Importance of Monetary Velocity 34:54 - Quality of Credit Matters more than Quantity 38:22 - Where's All the Money Coming From? 40:50 - Household Cash as % of Total Household Assets 42:32 - The K is Improving 44:15 - Retail MM Fund Balances, Equity Ownership Growth 49:56 - Two America's Behind One Average 51:49 - What to Do? Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/qDTBlhH8YGY ------- Watch today's "Before the Bell" premarket commentary, "50-DMA Breakdown: Bounce or Bigger Warning?" https://youtu.be/dzfHi5OoSXw ------- Watch our previous show, "Don't Sweat Social Security," https://youtube.com/live/V4m6knHOW2o?feature=share ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Semiconductors #Micron #Investing #MarketOutlook #Inflation #MiltonFriedman #FederalReserve #Economics #Investing

Kelly Monahan, Co-Founder of Beyond the Desk, joins host Sima Vasa to challenge the assumption that AI is responsible for today’s workforce crisis. Kelly argues that shareholder-primacy doctrine, adopted wholesale since a 1970s Milton Friedman op-ed, created the fragile leadership culture now cracking under macroeconomic pressure — and that AI is being used as a convenient scapegoat. Kelly also covers Gen Z’s rejection of corporate theatrics, the three foundational skills for AI literacy and why the future of work is likely to be smaller, more distributed and harder to navigate without domain expertise. KEY TAKEAWAYS 00:00  Introduction. 03:50  A single 1970s op-ed reshaped business philosophy and created today’s command-and-control culture. 07:45  Predicting engagement scores from one boardroom question about trust reveals deep leadership gaps. 12:30  AI is being used as cover for bad strategy, not as the primary cause of workforce disruption. 17:20  Only 30% of Gen Z aspires to leadership, signaling a values crisis for corporate America. 23:00  The PLOT framework helps leaders share power, listen, own outcomes and extend trust to Gen Z. 27:30  Domain expertise, not tool familiarity, is the true first pillar of AI literacy in any organization. Thanks for listening to the Data Gurus podcast, brought to you by Infinity Squared. If you enjoyed this episode, please leave a 5-star review to help get the word out about the show, and be sure to subscribe so you never miss another insightful conversation. RESOURCES MENTIONED Reclaim the Plot (Kelly Monahan’s book): https://reclaimtheplotbook.com Beyond the Desk: https://www.linkedin.com/company/beyond-the-desk-llc #Analytics #Data #Strategy

Max and 99 are here for another round of Omnibus. They hit headlines on Jared Kushner’s foreign entanglements, the screwworm outbreak threatening the beef supply, a tribute to revolutionary historian Gordon Wood, and a 77-year-old who lost his life savings to a gold coin scam. Then they tackle listener emails on stopping Musk’s grift and Bernie’s proposed AI wealth fund. They rank their Top 5 people who owe them a personal apology. Enjoy! Chapters Intro 00:00:20 Headlines: 00:29:13 Emails: 01:11:55 Top 5: 01:32:14 Memberships: 01:42:45 Outro: 01:43:09 Resources The Hill: Trump officials play Biden blame game as screwworm spreads Politico: A flesh-eating pest threatens Trump’s beef price hopes Mother Jones: They Went to Jared Business Insider: A 77-year-old lost $390,000 of his retirement savings after picking up a scam call. Now he wants to help others. WSWS: A Tribute to Gordon S. Wood, Historian of the American Revolution New York Times: Scott Pelley on the Bari Weiss Era and His Last Days at ‘60 Minutes’ Business Insider: Bari Weiss was supposed to ‘restore trust’ in CBS News. It’s eroding, says CNN’s Brian Stelter. New York Times: Bernie Sanders: A.I. Is a Public Resource. You Should Own Half of It. Book Love Stephen Kinzer: The Brothers: John Foster Dulles, Allen Dulles, and Their Secret World War UNFTR Resources Episode: F*ck Milton Friedman. Video: SpaceX IPO: What They’re Not Telling Retail Investors. Episode: Dear Rebekkkah Mercer. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

Economists and politicians have turned him into a mascot for free-market ideology. Some on the left say the right has badly misread him. In this updated replay of a 2022 episode, we hold a very Smithy tug of war.   SOURCES: Eamonn Butler, co-founder and director of the Adam Smith Institute. Glory Liu, a political scientist and Adam Smith scholar at Georgetown University. Mariana Mazzucato, professor in the economics of innovation and public value at University College London. Dennis Rasmussen, a professor of political science at Syracuse University. Russ Roberts, president of Shalem College in in Jerusalem; host of the EconTalk podcast; and author. Craig Smith, Adam Smith Senior Lecturer in the Scottish Enlightenment at the University of Glasgow.   RESOURCES: Adam Smith's America: How a Scottish Philosopher Became an Icon of American Capitalism, by Gloria Liu (2022). "Henry and Adam: A Deep and Special Friendship," by Benny Higgins (Adam Smith Panmure House Perspective, 2020). "Rescuing Adam Smith From Myth and Misrepresentation," (The Economist, 2018). The Infidel and the Professor: David Hume, Adam Smith, and the Friendship That Shaped Modern Thought, by Dennis C. Rasmussen (2017). How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness, by Russ Roberts (2014). "British Privatization — Taking Capitalism to the People," by John Moore (Harvard Business Review, 1992). Free to Choose: A Personal Statement, by Milton Friedman and Rose Friedman (1990). The Essential Adam Smith, edited by Robert L. Heilbroner (1986). An Inquiry into the Nature and Causes of the Wealth of Nations, by Adam Smith (1776). The Theory of Moral Sentiments, by Adam Smith (1759).   EXTRAS: "In Search of the Real Adam Smith," series by Freakonomics Radio (2022). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.