On April 6, 2023, President Joe Biden’s Twitter account sent the following message: “Trickle-down economics doesn’t work.” Trickle-down economics is a phrase that is often thrown around negatively to ridicule those who believe that the free-market system is the best way to regulate the economy. “Trickle-down theory” was never coined by economists, and the term has two possible origins, both of which were meant to discredit those who wanted less government involvement...
Read More »You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists
Contrary to the worldview of progressives, taxation and the coercion it brings are not part of a "social contract." Instead, they are implemented by force. Original Article: "You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists" [embedded content] Tags: Featured,newsletter
Read More »There’s No Place like Noam
Illegitimate Authority: Facing the Challenges of Our Timeby Noam Chomsky, edited by C.J. PolychroniouHaymarket Books, 2023; x + 330 pp. Noam Chomsky is universally respected for his contributions to linguistics and to the philosophy of mind, but he is a “public intellectual” as well, and it is in the public arena that opinion about him is divided. Illegitimate Authority is a collection of thirty-four interviews of him by C.J. Polychroniou, the book’s editor, and the...
Read More »Durham Report Exposes the FBI
Veteran investigative journalist James Bovard joins Ryan and Tho to talk about the Durham Report and what it tells us about the media and the FBI. [embedded content] New Radio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMug PROMO CODE: RothPod for 20% off Recommended Reading "Durham proves that Hillary and the FBI tried to rig the 2016 election" by Jim Bovard (New York Post): Mises.org/RR_134_A "Democrats attack FBI...
Read More »Remembering the Contributions of Lucas and Alchian
Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law & Economics) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die. Bob and Brian discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets. Brian on Alchian's famous "Costs and Outputs" paper: Mises.org/HAP396a [embedded content] [embedded content]...
Read More »How to Teach Austrian Economics to the Neighbor Kids
Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe. Original Article: "How to Teach Austrian Economics to the Neighbor Kids" [embedded content] Tags: Featured,newsletter
Read More »The Failure of Public Works and Public Funding
State projects are funded by your money, either through taxation or by inflation, most times both. Money is either taken directly from you or you lose purchasing power. The result is the same, as you will lose the ability to buy or produce as much as you wanted because of these projects. However, this is the alleged cost of living in a “civilized society.” Without these projects, we would be driving on dirt roads, living in shacks, and working for pennies a day....
Read More »Historical Effects of the Transatlantic Slave Trade
While the horrors of the transatlantic slave trade have been well documented, people other than slave traders and slaveholders benefitted from it, with some surprising results. Original Article: "Historical Effects of the Transatlantic Slave Trade" [embedded content] Tags: Featured,newsletter
Read More »The Putrid Underbelly of Woke Capitalism
Corporate intrigue reached a fevered pitch on May 6, 2023, in Omaha, Nebraska, when a shareholder was arrested during the annual shareholder meeting of Berkshire Hathaway. The shareholder challenged the affiliation of Warren Buffett with the Bill and Melinda Gates Foundation and Bill Gates’s association with Jeffrey Epstein, who was convicted in Florida for procuring a child for prostitution and soliciting a prostitute, and who reportedly committed suicide in a New...
Read More »Charles Schwab and Other Big Banks May Be Secretly Insolvent
While the Fed and the Biden administration try to assure Americans that their banks are safe and secure, the numbers tell a different story. Original Article: "Charles Schwab and Other Big Banks May Be Secretly Insolvent" [embedded content] Tags: Featured,newsletter
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