Economic Indicators

No Bernie, Collegiate Athletes Do Not Need a Union

When we last saw Bernie Sanders at the Joe Biden inaugural bundled and wearing a mask, some of us hoped that Bernie would still be masked—and silent. Unfortunately, as it becomes increasingly clear that the Biden administration is wanting to transform the USA into a progressive paradise, Sanders has joined the movement in which no […]

Economic Indicators

Bringing the Free Market to the Healthcare Bazar

A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more. Recorded in Salem, New Hampshire, on June 17, 2021.

Economic Indicators

Is There Such a Thing as Good Inflation?

Last week a student in my MBA-level intermediate-macro seminar raised a provocative question. We were discussing the various kinds of (price) deflation and which kinds, according to Austrians, are benign and accommodate consumer preferences, and which are malignant and conflict with consumer preferences. In view of the Austrian emphasis on inflationary monetary policy as the […]

Economic Indicators

Mises and Social Darwinism

It’s often claimed that support for the free market rests on the ideology of social Darwinism. According to this nefarious doctrine, Charles Darwin showed that evolution is a process of struggle. In it, the strong, meaning those best able to reproduce, supplant the weak. Social Darwinists like Herbert Spencer and William Graham Sumner, it is […]

Economic Indicators

How Medical Innovation Happens: Cash Clinics in Pharmacies and Big Box Stores

A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of these developments, and more. Recorded in Salem, New Hampshire, on June 17, 2021.

Economic Indicators

Rothbard’s The Ethics of Liberty Finale with Roberta Modugno

Professor Roberta Modugno joins the show to finish our look at Rothbard’s seminal treatise on normative libertarianism, The Ethics of Liberty. Dr. Modugno elaborates on Rothbard’s disagreements with Mises regarding ethical justifications for a free society, and defends his uncompromising views on the nature of the state. Mentioned in the Episode and Other Links of […]

Economic Indicators

The Fed: Why Federal Spending Soared in 2020 but State and Local Spending Flatlined

In the wake of the Covid Recession and the drive to pour ever larger amounts of “stimulus” into the US economy, the Federal Government in 2020 spent more than double—as a percentage of all government spending—of what all state and local governments spent in 2020, combined. By the end of 2020, the US’s federal government […]

Economic Indicators

An “Open Mind” Is of No Use When It’s Open to Lies

In our world, there is very little people agree upon. One thing that seems to be an exception is that having an open mind is almost universally well regarded, while having a closed mind is almost universally criticized. However, such rhetoric presumes that what we are open or closed to is the truth. That leads […]

Economic Indicators

Privatize the Police

Abolition of the public sector means, of course, that all pieces of land, all land areas, including streets and roads, would be owned privately, by individuals, corporations, cooperatives, or any other voluntary groupings of individuals and capital. The fact that all streets and land areas would be private would by itself solve many of the seemingly insoluble […]

Economic Indicators

The Feds Collect Most of the Taxes in America—So They Have Most of the Power

In 2021, it’s clear Americans now have thrown off any notions of subsidiarity and instead embraced the idea that the federal government should be called upon to fund pretty much anything and everything. From “stimulus checks” to “paycheck protection,” it’s assumed an entire national workforce can be propped up by federal spending. Moreover, in the wake […]