Economic Indicators

The Policy and Politics of Cancer Care, with Ted Okon

Our guest is Ted Okon, a nationally recognized expert on the policy and politics of cancer care. Mr. Okon has testified before Congress on cancer issues and is frequently on Capitol Hill discussing the nation’s cancer care delivery system. SHOW NOTES​ Ted Okon: Twitter and Community Oncology Alliance website Watch the episode on our YouTube […]

Economic Indicators

Is Guaranteed Basic Income the Solution to Robots Taking Our Jobs?

The automation doomers assume that when jobs are eliminated by automation in one place, that the number of jobs are permanently gone. For this to be true, there would have to be no growth in the need for labor elsewhere. Original Article: “Is Guaranteed Basic Income the Solution to Robots Taking Our Jobs?​“ This Audio […]

Economic Indicators

The Fed’s Power over Inflation and Interest Rates Has Been Greatly Exaggerated

It is widely held that the central bank is a key factor in the determination of interest rates. By popular thinking, the Fed influences the short-term interest rates by influencing monetary liquidity in the markets. Through the injection of liquidity, the Fed pushes short-term interest rates lower. Conversely, by withdrawing liquidity, the Fed exerts an […]

Economic Indicators

Much Ado about Nothing in the Art Market

The recent sale of an invisible statue for £13,000 is symptomatic of the thoroughgoing financialization of our economy. Investors have become ever more obsessed with the symbols of economic reality and less concerned with underlying economic facts. Original Article: “Much Ado about Nothing in the Art Market​​“ This Audio Mises Wire is generously sponsored by […]

Economic Indicators

Review: Niall Ferguson’s Doom: The Politics of Catastrophe

If a tree falls in the forest and nobody is there to hear it, does it make a sound? Niall Ferguson, the celebrated British historian now at Stanford’s Hoover Institution has spouted his own version of that age-old riddle. In Doom: The Politics of Catastrophe, the prolific author sets out to undermine the distinction between […]

Economic Indicators

Can States Nullify Federal Gun Laws?

In June 2021, Missouri passed a new law stating it would not assist in the enforcement of federal gun laws. Tho and Ryan discuss how states can use strategies like this to resist federal laws within the states. Marijuana legalization and opposition to the Fugitive Slave Acts provide compelling historical examples. Articles Mentioned in this […]

Economic Indicators

The Tyranny of the Minority Is Just as Dangerous as the Tyranny of the Majority

In a previous installment, I pointed out that in On Liberty, John Stuart Mill advocated for minority opinion to be specially “encouraged and countenanced,”1 and thus that Mill was not an absolute free market thinker where opinion is concerned. Mill suggested that minority opinion should not only to be tolerated but requires special encouragement in order […]

Economic Indicators

What Did Bob Learn? Part 3 of 3

Bob concludes his series on areas where he’s changed his mind. This episode covers the economics of climate change, fractional reserve banking, the US gold standard, his notorious inflation bets, Nelson Nash’s Infinite Banking Concept, and the God of the Bible. Mentioned in the Episode and Other Links of Interest: Bob’s chapter on the gold […]

Economic Indicators

Böhm-Bawerk: Austrian Economist Who Said No to Big Government

We live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when even those who served in government defended limited and smaller government. One of the greatest of these died one hundred years ago on August 27, 1914, the Austrian economist Eugen von […]

Economic Indicators

Irene Ng: Designing New Consumer Experiences in the Era of IoT

Value-as-experience is an insight from Austrian economics. Value is not inherent in objects or even in services. Value is not derived from functional use, but is the good feeling the consumer experiences during consumption. Consistent with the Austrian understanding of the market as a process, value is a process. It plays out in time in […]