David Brady, Jr. discusses his recent article at mises.org, in which he argues that the newly launched "FedNOW" system isn't a CBDC. Even so, there are dangers from FedNOW, such as exacerbating bank runs. David also explains the new Mises Apprenticeship program, of which he is a member.David's Article on Mises.org: Mises.org/HAP406aGeorge Selgin Cato Article on FedNow: Mises.org/HAP406b   Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

David Brady, Jr. discusses his recent article at <a href="http://mises.org" rel="nofollow" target="_blank">mises.org</a>, in which he argues that the newly launched "FedNOW" system isn't a CBDC. Even so, there are dangers from FedNOW, such as exacerbating bank runs. David also explains the new Mises Apprenticeship program, of which he is a member.David's Article on <a href="http://Mises.org" rel="nofollow" target="_blank">Mises.org</a>: <a href="http://Mises.org/HAP406a" rel="nofollow" target="_blank">Mises.org/HAP406a</a> George Selgin Cato Article on FedNow: <a href="http://Mises.org/HAP406b" rel="nofollow" target="_blank">Mises.org/HAP406b</a> Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: <a href="http://Mises.org/Nashville23" rel="nofollow" target="_blank">Mises.org/Nashville23</a>

Everything You Need to Know About FedNow

As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a "soft landing." Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.Robert Lucas' Nobel Prize Winning Lecture: Mises.org/HAP407aBob's Eerie Article from 2007 on the Recession: Mises.org/HAP407b'Bernanke Was Wrong' Compilation: Mises.org/HAP407c'Peter Schiff Was Right' Compilation: Mises.org/HAP407d   Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a "soft landing." Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.Robert Lucas' Nobel Prize Winning Lecture: <a href="http://Mises.org/HAP407a" rel="nofollow" target="_blank">Mises.org/HAP407a</a> Bob's Eerie Article from 2007 on the Recession: <a href="http://Mises.org/HAP407b" rel="nofollow" target="_blank">Mises.org/HAP407b</a> 'Bernanke Was Wrong' Compilation: <a href="http://Mises.org/HAP407c" rel="nofollow" target="_blank">Mises.org/HAP407c</a> 'Peter Schiff Was Right' Compilation: <a href="http://Mises.org/HAP407d" rel="nofollow" target="_blank">Mises.org/HAP407d</a> Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: <a href="http://Mises.org/Nashville23" rel="nofollow" target="_blank">Mises.org/Nashville23</a>

Soft landing? Not likely

Jeff and Bob review the history and impact of The Human Action Podcast—formerly Mises Weekends—and discuss where the podcast is headed.  Get Jeff's new book A Strange Liberty: Politics Drops Its Pretenses: Mises.org/Strange

Jeff and Bob review the history and impact of The Human Action Podcast—formerly Mises Weekends—and discuss where the podcast is headed.  Get Jeff's new book A Strange Liberty: Politics Drops Its Pretenses: <a href="http://Mises.org/Strange" rel="nofollow" target="_blank">Mises.org/Strange</a>

Jeff's Farewell To The Human Action Podcast

Peter Klein

Professor Peter Klein from Baylor University joins the show to discuss Part Six of Human Action, where Mises presents his exposition of interventionism in all its manifestations. Mises breaks socialism down into Soviet and German versions; the first purely bureaucratic (state ownership) and the second nominally private but state-directed. He gives us a contrasting definition of laissez-faire, the choice of freedom over government omnipotence. Successive chapters take readers through taxation, restrictionism (tariffs, regulations, labor laws), and price controls (goods, wages, interest rates). Dr. Klein is a fascinating guest with great insights into Mises and "the Hampered Market Economy." This is a conversation you don't want to miss! Use the code HAPOD for a discount on Human Action from our bookstore: Mises.org/BuyHA.Additional ResourcesHuman Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study

Professor Peter Klein from Baylor University joins the show to discuss Part Six of Human Action, where Mises presents his exposition of interventionism in all its manifestations. Mises breaks socialism down into Soviet and German versions; the first purely bureaucratic (state ownership) and the second nominally private but state-directed. He gives us a contrasting definition of laissez-faire, the choice of freedom over government omnipotence. Successive chapters take readers through taxation, restrictionism (tariffs, regulations, labor laws), and price controls (goods, wages, interest rates). Dr. Klein is a fascinating guest with great insights into Mises and "the Hampered Market Economy." This is a conversation you don't want to miss! Use the code HAPOD for a discount on Human Action from our bookstore: <a href="http://Mises.org/BuyHA" rel="nofollow" target="_blank">Mises.org/BuyHA</a>.Additional Resources Human Action: <a href="http://Mises.org/HumanAction" rel="nofollow" target="_blank">Mises.org/HumanAction</a> Bob Murphy's Study Guide to Human Action: <a href="http://Mises.org/Study" rel="nofollow" target="_blank">Mises.org/Study</a>

Human Action Part Six with Dr. Peter Klein

Ryan McMaken

This week, we feature a recent episode of Ryan McMaken's Radio Rothbard podcast. We continue to hear about how capitalism and industrialization distract us from the important things in life. In reality, the historical record shows that it was industrialization and capitalism that propagated the conditions under which we can afford to treat each other more humanely. Radio Rothbard is a series of short podcasts based on columns and research from the Mises Institute's Mises Wire. Topics include economics, comparative politics, and history. Subscribe to Radio Rothbard today on iTunes, Google Play, Stitcher, Soundcloud, or via RSS.

This week, we feature a recent episode of Ryan McMaken's Radio Rothbard podcast. We continue to hear about how capitalism and industrialization distract us from the important things in life. In reality, the historical record shows that it was industrialization and capitalism that propagated the conditions under which we can afford to treat each other more humanely. Radio Rothbard is a series of short podcasts based on columns and research from the Mises Institute's Mises Wire. Topics include economics, comparative politics, and history. Subscribe to Radio Rothbard today on iTunes, Google Play, Stitcher, Soundcloud, or via RSS.

Ryan McMaken: Capitalism Makes Us More Humane

Tom Woods

We've reached the end of Human Action! Tom Woods joins the podcast to discuss Part Seven, "The Place of Economics in Society," and it's a show you don't want to miss. Woods and host Jeff Deist enjoy an engaging and far-ranging discussion of the book's place in history, Mises's frustration with economics co-opting the methods of physical sciences, and the public's seeming inability to overcome anticapitalist propaganda. Mises concludes his great treatise with unmatched clarity and wisdom, reminding us why economics belongs at the forefront of society—and why we all should retain our unwavering sense of élan vital. Use the code HAPOD for a discount on Human Action from our bookstore: Mises.org/BuyHA.Additional ResourcesThe Sociology of the Development of Austrian Economics by Joe Salerno: Mises.org/SalernoHAP Mises's Élan Vital  by Jeff Deist: Mises.org/Elan Human Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study

We've reached the end of Human Action! Tom Woods joins the podcast to discuss Part Seven, "The Place of Economics in Society," and it's a show you don't want to miss. Woods and host Jeff Deist enjoy an engaging and far-ranging discussion of the book's place in history, Mises's frustration with economics co-opting the methods of physical sciences, and the public's seeming inability to overcome anticapitalist propaganda. Mises concludes his great treatise with unmatched clarity and wisdom, reminding us why economics belongs at the forefront of society—and why we all should retain our unwavering sense of élan vital. Use the code HAPOD for a discount on Human Action from our bookstore: <a href="http://Mises.org/BuyHA" rel="nofollow" target="_blank">Mises.org/BuyHA</a>.Additional Resources The Sociology of the Development of Austrian Economics by Joe Salerno: <a href="http://Mises.org/SalernoHAP" rel="nofollow" target="_blank">Mises.org/SalernoHAP</a> Mises's Élan Vital  by Jeff Deist: <a href="http://Mises.org/Elan" rel="nofollow" target="_blank">Mises.org/Elan</a> Human Action: <a href="http://Mises.org/HumanAction" rel="nofollow" target="_blank">Mises.org/HumanAction</a> Bob Murphy's Study Guide to Human Action: <a href="http://Mises.org/Study" rel="nofollow" target="_blank">Mises.org/Study</a>

Human Action Part Seven with Tom Woods

Per Bylund joins Bob to discuss his new paper at the QJAE, which points out several flaws in the MMT claim that money is valued in order to pay taxes. Per's QJAE article: Mises.org/HAP398a

Per Bylund joins Bob to discuss his new paper at the QJAE, which points out several flaws in the MMT claim that money is valued in order to pay taxes. Per's QJAE article: <a href="http://Mises.org/HAP398a" rel="nofollow" target="_blank">Mises.org/HAP398a</a>

Do People Value Money Because They Need It to Pay Taxes?

Ryan McMaken joins Bob to discuss the recent US Women's World Cup elimination, and to dispel the myth that markets are discriminatory. After defending Megan Rapinoe's failed penalty kick, they dismantle her outspoken views on "equal pay" in sports, and examine the left's claim that law is required to fix prejudice in the labor market. Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Ryan McMaken joins Bob to discuss the recent US Women's World Cup elimination, and to dispel the myth that markets are discriminatory. After defending Megan Rapinoe's failed penalty kick, they dismantle her outspoken views on "equal pay" in sports, and examine the left's claim that law is required to fix prejudice in the labor market. Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: <a href="http://Mises.org/Nashville23" rel="nofollow" target="_blank">Mises.org/Nashville23</a>

The Mirage of "Equal Pay" in Sports

Jonathan Newman joins The Human Action Podcast to discuss his recent Twitter controversy over the claim that market prices can be "wrong" (i.e. in disequilibrium) if they are "sticky."Jonathan Newman's Twitter controversy on sticky prices: Mises.org/HAP399aJoe Salerno on Mises's Monetary Theory: Mises.org/HAP399bBagus and Howden on market disequilibrium and sticky prices: Mises.org/HAP399c

Jonathan Newman joins The Human Action Podcast to discuss his recent Twitter controversy over the claim that market prices can be "wrong" (i.e. in disequilibrium) if they are "sticky."Jonathan Newman's Twitter controversy on sticky prices: <a href="http://Mises.org/HAP399a" rel="nofollow" target="_blank">Mises.org/HAP399a</a> Joe Salerno on Mises's Monetary Theory: <a href="http://Mises.org/HAP399b" rel="nofollow" target="_blank">Mises.org/HAP399b</a> Bagus and Howden on market disequilibrium and sticky prices: <a href="http://Mises.org/HAP399c" rel="nofollow" target="_blank">Mises.org/HAP399c</a>

Do Sticky Prices Make the Market Get Stuck?

Are NASA contracts propping up the private space industry? Or are Government regulations stifling the private space race? Dr. Eli Dourado, Senior Research Fellow with the Center for Growth and Opportunity at Utah State University, joins Bob to discuss the recent "successful failure" of the exploded SpaceX launch and the differences between government and privately funded space travel. Dr. Dourado on NASA contracting private companies to build their shuttles: Mises.org/HAP393a Dr. Dourado on the Artemis moon program: Mises.org/HAP393b

Are NASA contracts propping up the private space industry? Or are Government regulations stifling the private space race? Dr. Eli Dourado, Senior Research Fellow with the Center for Growth and Opportunity at Utah State University, joins Bob to discuss the recent "successful failure" of the exploded SpaceX launch and the differences between government and privately funded space travel. Dr. Dourado on NASA contracting private companies to build their shuttles: <a href="http://Mises.org/HAP393a" rel="nofollow" target="_blank">Mises.org/HAP393a</a> Dr. Dourado on the Artemis moon program: <a href="http://Mises.org/HAP393b" rel="nofollow" target="_blank">Mises.org/HAP393b</a>

The Economics of Space Travel

The Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.

George Gammon, host of the popular Rebel Capitalist show, warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it, being promised safe, high-interest checking accounts at the Fed, just like Jamie Dimon. The Rebel Capitalist show: Mises.org/HAP405a   Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

George Gammon, host of the popular Rebel Capitalist show, warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it, being promised safe, high-interest checking accounts at the Fed, just like Jamie Dimon. The Rebel Capitalist show: <a href="http://Mises.org/HAP405a" rel="nofollow" target="_blank">Mises.org/HAP405a</a> Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: <a href="http://Mises.org/Nashville23" rel="nofollow" target="_blank">Mises.org/Nashville23</a>

How the Fed Could Bring in a CBDC Through the Back Door

Robbie "The Fire" Bernstein is a co-host with Dave Smith of the popular podcast Part of the Problem, as well as his own podcast Run Your Mouth. He joins Bob to walk through the shocking and hilarious moves by Biden officials to downplay recent allegations of corruption.Find More from Robbie Including His Tour Dates: Mises.org/HAP404a$5.1M Payment to Biden Businesses: Mises.org/HAP404bBiden Attorneys on The Hunter WhatAspp Message: Mises.org/HAP404c   Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Robbie "The Fire" Bernstein is a co-host with Dave Smith of the popular podcast Part of the Problem, as well as his own podcast Run Your Mouth. He joins Bob to walk through the shocking and hilarious moves by Biden officials to downplay recent allegations of corruption.Find More from Robbie Including His Tour Dates: <a href="http://Mises.org/HAP404a" rel="nofollow" target="_blank">Mises.org/HAP404a</a> $5.1M Payment to Biden Businesses: <a href="http://Mises.org/HAP404b" rel="nofollow" target="_blank">Mises.org/HAP404b</a> Biden Attorneys on The Hunter WhatAspp Message: <a href="http://Mises.org/HAP404c" rel="nofollow" target="_blank">Mises.org/HAP404c</a> Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: <a href="http://Mises.org/Nashville23" rel="nofollow" target="_blank">Mises.org/Nashville23</a>

Exposing the FBI Coverup of Biden Corruption

Bob walks through a recent interview of MMT champion Warren Mosler, in which he claims that Fed rate hikes lead to larger government interest expenses and hence support economic growth and inflation. Bob presents both theoretical and empirical evidence against Mosler's claims.Bob's Debate with Warren Mosler: Mises.org/HAP403aBob's Review of Stephanie Kelton: Mises.org/HAP403bBob's EconLib  Article on Austerity: Mises.org/HAP403cTechnical Article on Why the Treasury Can't Overdraft: Mises.org/HAP403dJoin us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Bob walks through a recent interview of MMT champion Warren Mosler, in which he claims that Fed rate hikes lead to larger government interest expenses and hence support economic growth and inflation. Bob presents both theoretical and empirical evidence against Mosler's claims.Bob's Debate with Warren Mosler: <a href="http://Mises.org/HAP403a" rel="nofollow" target="_blank">Mises.org/HAP403a</a> Bob's Review of Stephanie Kelton: <a href="http://Mises.org/HAP403b" rel="nofollow" target="_blank">Mises.org/HAP403b</a> Bob's EconLib  Article on Austerity: <a href="http://Mises.org/HAP403c" rel="nofollow" target="_blank">Mises.org/HAP403c</a> Technical Article on Why the Treasury Can't Overdraft: <a href="http://Mises.org/HAP403d" rel="nofollow" target="_blank">Mises.org/HAP403d</a> Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: <a href="http://Mises.org/Nashville23" rel="nofollow" target="_blank">Mises.org/Nashville23</a>

MMT's Warren Mosler Argues Fed Rate Hikes Cause Growth and Inflation

The Mises Institute's Executive Editor Ryan McMaken joins Bob to discuss his latest article, in which Ryan spells out the state of the M2 money supply and possible implications for consumer prices and an impending recession.Ryan's Mises.org article on M2: Mises.org/HAP402aRyan's QJAE article on the inverted yield curve: Mises.org/HAP402b

The Mises Institute's Executive Editor Ryan McMaken joins Bob to discuss his latest article, in which Ryan spells out the state of the M2 money supply and possible implications for consumer prices and an impending recession.Ryan's <a href="http://Mises.org" rel="nofollow" target="_blank">Mises.org</a> article on M2: <a href="http://Mises.org/HAP402a" rel="nofollow" target="_blank">Mises.org/HAP402a</a> Ryan's QJAE article on the inverted yield curve: <a href="http://Mises.org/HAP402b" rel="nofollow" target="_blank">Mises.org/HAP402b</a>

The Impact of Falling M2 on Prices and Jobs

Mises Institute Fellow Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible." Patrick and Bob point out that these MMT tautologies are very misleading at best. Patrick also lays out the argument in his journal article, saying that MMT's debt monetization won't cause a boom-bust cycle, but will still reduce living standards.

Mises Institute Fellow Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible." Patrick and Bob point out that these MMT tautologies are very misleading at best. Patrick also lays out the argument in his journal article, saying that MMT's debt monetization won't cause a boom-bust cycle, but will still reduce living standards.

MMT Says Government Debt Makes Private Saving Possible

University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies.Bob's article "Superman Needs an Agent:"  Mises.org/HAP400aSteven's Book The Armchair Economist: Mises.org/HAP400bMore Economic brainteasers: Mises.org/HAP400c

University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies.Bob's article "Superman Needs an Agent:"  <a href="http://Mises.org/HAP400a" rel="nofollow" target="_blank">Mises.org/HAP400a</a> Steven's Book The Armchair Economist: <a href="http://Mises.org/HAP400b" rel="nofollow" target="_blank">Mises.org/HAP400b</a> More Economic brainteasers: <a href="http://Mises.org/HAP400c" rel="nofollow" target="_blank">Mises.org/HAP400c</a>

Why ChatGPT Failed an Economics Exam

Heritage Fellow Peter St. Onge joins Bob to set the record straight on several popular talking points about the debt ceiling. Bob on selling Gov't resources to reduce the National Debt: Mises.org/HAP397a

Heritage Fellow Peter St. Onge joins Bob to set the record straight on several popular talking points about the debt ceiling. Bob on selling Gov't resources to reduce the National Debt: <a href="http://Mises.org/HAP397a" rel="nofollow" target="_blank">Mises.org/HAP397a</a>

Fear-Mongering Over the Debt Ceiling

Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law &amp; 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

Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law &amp; 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: <a href="http://Mises.org/HAP396a" rel="nofollow" target="_blank">Mises.org/HAP396a</a>

Remembering the Contributions of Lucas and Alchian

Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession. Dr. Cwik's dissertation on inverted yield curves and economic downturns: Mises.org/HAP395a Bob on the link between inverted yield curves and recessions: Mises.org/HAP395b Bob's Understanding Money Mechanics: Mises.org/Mechanics

Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession. Dr. Cwik's dissertation on inverted yield curves and economic downturns: <a href="http://Mises.org/HAP395a" rel="nofollow" target="_blank">Mises.org/HAP395a</a> Bob on the link between inverted yield curves and recessions: <a href="http://Mises.org/HAP395b" rel="nofollow" target="_blank">Mises.org/HAP395b</a> Bob's Understanding Money Mechanics: <a href="http://Mises.org/Mechanics" rel="nofollow" target="_blank">Mises.org/Mechanics</a>

Does the Inverted Yield Curve Signal a Coming Recession?

Jonathan Newman joins Bob to critique a recent Twitter argument where some were claiming that supercomputers solved the socialist calculation problem. The Twitter thread on AI and Socialism: Mises.org/HAP394a Bob on Socialism and calculation vs knowledge: Mises.org/HAP394b Karras Lambert and Tate Fegley on economic calculation and AI: Mises.org/HAP394c

Jonathan Newman joins Bob to critique a recent Twitter argument where some were claiming that supercomputers solved the socialist calculation problem. The Twitter thread on AI and Socialism: <a href="http://Mises.org/HAP394a" rel="nofollow" target="_blank">Mises.org/HAP394a</a> Bob on Socialism and calculation vs knowledge: <a href="http://Mises.org/HAP394b" rel="nofollow" target="_blank">Mises.org/HAP394b</a> Karras Lambert and Tate Fegley on economic calculation and AI: <a href="http://Mises.org/HAP394c" rel="nofollow" target="_blank">Mises.org/HAP394c</a>

Can Supercomputers Make Socialism Work?

Professor Per Bylund joins Bob to debunk the worries over AI and to question whether the latest version of chatbots should even be called "intelligent." Per on Robots Taking your Jobs: Mises.org/HAP392a

Professor Per Bylund joins Bob to debunk the worries over AI and to question whether the latest version of chatbots should even be called "intelligent." Per on Robots Taking your Jobs: <a href="http://Mises.org/HAP392a" rel="nofollow" target="_blank">Mises.org/HAP392a</a>

Will AI Steal Our Jobs (or End Us)?

Jonathan Newman joins Bob to dissect Paul Krugman's latest NYT op-ed, in which he derides Ron DeSantis as paranoid for thinking a central bank digital currency (CBDC) could be used to control citizens. Krugman's op-ed in the New York Times: Mises.org/HAP391a Bob breaking down negative interest rates: Mises.org/HAP391b

Jonathan Newman joins Bob to dissect Paul Krugman's latest NYT op-ed, in which he derides Ron DeSantis as paranoid for thinking a central bank digital currency (CBDC) could be used to control citizens. Krugman's op-ed in the New York Times: <a href="http://Mises.org/HAP391a" rel="nofollow" target="_blank">Mises.org/HAP391a</a> Bob breaking down negative interest rates: <a href="http://Mises.org/HAP391b" rel="nofollow" target="_blank">Mises.org/HAP391b</a>

Krugman Says It's Paranoid to Worry About a Fed Digital Currency

Bob is joined by guest Peter St. Onge to discuss how SVB's CEO, as well as Bernie Madoff, had key positions advising the Fed and SEC. Then they discuss how we should think about central banks losing money. How the SEC was Charmed by Madoff: Mises.org/HAP389a Bob's Understanding Money Mechanics: Mises.org/HAP389b

Bob is joined by guest Peter St. Onge to discuss how SVB's CEO, as well as Bernie Madoff, had key positions advising the Fed and SEC. Then they discuss how we should think about central banks losing money. How the SEC was Charmed by Madoff: <a href="http://Mises.org/HAP389a" rel="nofollow" target="_blank">Mises.org/HAP389a</a> Bob's Understanding Money Mechanics: <a href="http://Mises.org/HAP389b" rel="nofollow" target="_blank">Mises.org/HAP389b</a>

With the Feds, It's the Fox Guarding the Henhouse

This podcast should be shared far and wide. My only wish was that there was more content.

Fantastic

Listen if you care about your life and loved ones. Or don’t. Either way, it’s still praxeology.

This Is Important

The Human Action Podcast

Robert Murphy

Climate Change (née Global Warming) is based on three premises: the earth's atmosphere is warming; humans are responsible for that warming; and warming is inherently bad. But even if we accept these premises, what economic trade-offs are warranted in response? No more air conditioning or private automobiles? Heavy carbon taxes? Outlawing relatively cheap fossil fuels and mandating expensive renewable sources? Slower economic growth in the developing world? One child policies? Dr. Robert Murphy joins Jeff Deist to discuss how the political landscape and media narratives fail to consider obvious choices and trade-offs inherent in the climate change debate.

Climate Change (née Global Warming) is based on three premises: the earth's atmosphere is warming; humans are responsible for that warming; and warming is inherently bad. But even if we accept these premises, what economic trade-offs are warranted in response? No more air conditioning or private automobiles? Heavy carbon taxes? Outlawing relatively cheap fossil fuels and mandating expensive renewable sources? Slower economic growth in the developing world? One child policies? Dr. Robert Murphy joins Jeff Deist to discuss how the political landscape and media narratives fail to consider obvious choices and trade-offs inherent in the climate change debate.

Dr. Robert Murphy on the Dubious Economics of Climate Change

Professor Peter Klein joins The Human Action Podcast to explain how and why. Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.

Professor Peter Klein joins The Human Action Podcast to explain how and why. Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.

Economics is a Mess

Dr. Bob Murphy joins the Human Action Podcast to discuss one of the most important issues of all: how money and credit work in today's society. Jeff Deist recently commissioned Murphy to write a series of articles on money mechanics (Mises.org/MoneyMechanics), an exceedingly important topic for critics of the Fed — and today's podcast serves as an introduction to the project. The articles will be compiled into an e-book, with plenty of graphics to simplify the basic process of money creation in a fractional reserve system. If you want to understand how the Fed works, how money and credit come into being, how interest rates arise, and what it all means for you, don't miss this great upcoming series at mises.org.Additional ResourcesJeff Deist on Understanding Fed Money Mechanics

Dr. Bob Murphy joins the Human Action Podcast to discuss one of the most important issues of all: how money and credit work in today's society. Jeff Deist recently commissioned Murphy to write a series of articles on money mechanics (<a href="http://Mises.org/MoneyMechanics" rel="nofollow" target="_blank">Mises.org/MoneyMechanics</a>), an exceedingly important topic for critics of the Fed — and today's podcast serves as an introduction to the project. The articles will be compiled into an e-book, with plenty of graphics to simplify the basic process of money creation in a fractional reserve system. If you want to understand how the Fed works, how money and credit come into being, how interest rates arise, and what it all means for you, don't miss this great upcoming series at <a href="http://mises.org" rel="nofollow" target="_blank">mises.org</a>.Additional Resources Jeff Deist on Understanding Fed Money Mechanics

Understanding Money Mechanics

Human Action is the book you want to read, you need to read, you've thought about reading. So make 2020 the year you do read it! Over the next seven weeks the Human Action Podcast will guide you through this incredibly vital and intellectually transforming work, with a series of guest economists to explain and bring Mises's most important work to life. Our opening show features Dr. Shawn Ritenour of Grove City College, who makes a compelling case for lay readers to engage with Human Action. Jeff Deist and Professor Ritenour share plenty of great background, insights, and anecdotes about Mises and the context surrounding the book, so this is an episode you don't want to miss. Use the code HAPOD for a discount on the pocket edition of Human Action from our bookstore: Mises.org/BuyHA.Additional ResourcesHuman Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study The Mises Reader, edited by Shawn Ritenour: Mises.org/Reader

Human Action is the book you want to read, you need to read, you've thought about reading. So make 2020 the year you do read it! Over the next seven weeks the Human Action Podcast will guide you through this incredibly vital and intellectually transforming work, with a series of guest economists to explain and bring Mises's most important work to life. Our opening show features Dr. Shawn Ritenour of Grove City College, who makes a compelling case for lay readers to engage with Human Action. Jeff Deist and Professor Ritenour share plenty of great background, insights, and anecdotes about Mises and the context surrounding the book, so this is an episode you don't want to miss. Use the code HAPOD for a discount on the pocket edition of Human Action from our bookstore: <a href="http://Mises.org/BuyHA" rel="nofollow" target="_blank">Mises.org/BuyHA</a>.Additional Resources Human Action: <a href="http://Mises.org/HumanAction" rel="nofollow" target="_blank">Mises.org/HumanAction</a> Bob Murphy's Study Guide to Human Action: <a href="http://Mises.org/Study" rel="nofollow" target="_blank">Mises.org/Study</a> The Mises Reader, edited by Shawn Ritenour: <a href="http://Mises.org/Reader" rel="nofollow" target="_blank">Mises.org/Reader</a>

Why You Should Read Human Action in 2020

Nationalism, globalism, cosmopolitanism, and immigration are heated topics today—but Mises systematically addressed them 100 years ago, in his seminal work Nation, State, and Economy. What is a nation, and what does the nationality principle mean for liberalism? Mises argues that nations arise spontaneously, predating governments. Liberal nations exist to the extent they respect self-determination, peace, and international trade. But illiberal nations produce war and privation, discriminate against minorities, and distort natural migration. So how do we deal with aggressive nationalism? Economist Ryan McMaken, editor of Mises.org, joins Jeff Deist to wrestle with this important and relevant book. Don't miss their great discussion of immigration toward the end of the podcast, referencing Professor Ben Powell's recent paper "Solving the Misesian Migration Conundrum". And use the code HAPOD for a discount on Nation, State, and Economy from our bookstore.

Nationalism, globalism, cosmopolitanism, and immigration are heated topics today—but Mises systematically addressed them 100 years ago, in his seminal work Nation, State, and Economy. What is a nation, and what does the nationality principle mean for liberalism? Mises argues that nations arise spontaneously, predating governments. Liberal nations exist to the extent they respect self-determination, peace, and international trade. But illiberal nations produce war and privation, discriminate against minorities, and distort natural migration. So how do we deal with aggressive nationalism? Economist Ryan McMaken, editor of <a href="http://Mises.org" rel="nofollow" target="_blank">Mises.org</a>, joins Jeff Deist to wrestle with this important and relevant book. Don't miss their great discussion of immigration toward the end of the podcast, referencing Professor Ben Powell's recent paper "Solving the Misesian Migration Conundrum". And use the code HAPOD for a discount on Nation, State, and Economy from our bookstore.

Nation, State, and Economy

David Gordon

In the second installment of our series on Mises's Human Action, Dr. David Gordon joins the show to walk us through Part One. The beginning of the book is considered its most "philosophical" material, where Mises lays out the basics of praxeology and epistemology as fundamental to understanding economics. Dr. Gordon and host Jeff Deist consider each of the book's first seven chapters, with topics including: Mises's categories of action and causality, a priori disciplines, polylogism, "felt uneasiness," value and preferences, praxeology as it relates to time and uncertainty, probability and its application to human action, and the nature of production.  If you've wanted to read Human Action, this is your opportunity to hear it explained by great economists and scholars! Use the code HAPOD for a discount on the pocket edition of Human Action from our bookstore: Mises.org/BuyHA.Additional ResourcesHuman Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study

In the second installment of our series on Mises's Human Action, Dr. David Gordon joins the show to walk us through Part One. The beginning of the book is considered its most "philosophical" material, where Mises lays out the basics of praxeology and epistemology as fundamental to understanding economics. Dr. Gordon and host Jeff Deist consider each of the book's first seven chapters, with topics including: Mises's categories of action and causality, a priori disciplines, polylogism, "felt uneasiness," value and preferences, praxeology as it relates to time and uncertainty, probability and its application to human action, and the nature of production.  If you've wanted to read Human Action, this is your opportunity to hear it explained by great economists and scholars! Use the code HAPOD for a discount on the pocket edition of Human Action from our bookstore: <a href="http://Mises.org/BuyHA" rel="nofollow" target="_blank">Mises.org/BuyHA</a>.Additional Resources Human Action: <a href="http://Mises.org/HumanAction" rel="nofollow" target="_blank">Mises.org/HumanAction</a> Bob Murphy's Study Guide to Human Action: <a href="http://Mises.org/Study" rel="nofollow" target="_blank">Mises.org/Study</a>

Human Action Part One with David Gordon

What are interest rates, where do they come from, and what purpose do they serve? Smith, Marx, and Keynes got these questions wrong; Turgot, Böhm-Bawerk, and Mises got them right. Economist Jeffrey Herbener from Grove City College explains.Readings"The Brilliance of Turgot" by Murray RothbardProfile of Böhm-Bawerk by Roger Garrison Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.

What are interest rates, where do they come from, and what purpose do they serve? Smith, Marx, and Keynes got these questions wrong; Turgot, Böhm-Bawerk, and Mises got them right. Economist Jeffrey Herbener from Grove City College explains.Readings "The Brilliance of Turgot" by Murray RothbardProfile of Böhm-Bawerk by Roger Garrison Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.

The Theory of Interest Rates

The twentieth century revolution in America was bureaucratic, not ideological. And in 1944, a new American—Ludwig von Mises—published Bureaucracy, the most important and devastating critique of administrative rule ever written. Clocking in at just over 130 pages, this is Mises at his hard-hitting best. Professor William Anderson joins the Human Action Podcast for an in-depth discussion of both the book and the bureaucratic capture of America it warned against. Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.

The twentieth century revolution in America was bureaucratic, not ideological. And in 1944, a new American—Ludwig von Mises—published Bureaucracy, the most important and devastating critique of administrative rule ever written. Clocking in at just over 130 pages, this is Mises at his hard-hitting best. Professor William Anderson joins the Human Action Podcast for an in-depth discussion of both the book and the bureaucratic capture of America it warned against. Subscribe and listen on iTunes, YouTube, Stitcher, Soundcloud, Google Play, Spotify, or via RSS.

The Bureaucratic Revolution

Daniel Lacalle

Daniel Lacalle joins Jeff Deist to discuss how and why central banks are trapped, stuck with ultra-low interest rates and expansionary policies that produce astonishingly little real growth. This is a hard-hitting and sober look at what rising interest rates will mean, why academics and bankers are so clueless about the monetary side of financial markets, and why Austrians need to offer real-world solutions instead of ideology.

Daniel Lacalle joins Jeff Deist to discuss how and why central banks are trapped, stuck with ultra-low interest rates and expansionary policies that produce astonishingly little real growth. This is a hard-hitting and sober look at what rising interest rates will mean, why academics and bankers are so clueless about the monetary side of financial markets, and why Austrians need to offer real-world solutions instead of ideology.

Daniel Lacalle on Why Central Banks are Trapped

Central bankers dismiss gold as a relic, even as they buy up more of it. Politicians dismiss gold as money they don't control and can't expand. Holders dismiss gold as outdated tech. And investors dismiss gold as a static metal paying no yields. So why does gold still matter? Why does it hold value over millennia? Why does it threaten inflationist governments? Why does it seem to be flowing West to East? Why does an ounce of it still trade for more than $1,000, if the critics are right? This is the comprehensive show on gold and its enduring role in today's economy, with Keith Weiner of Monetary Metals.

Central bankers dismiss gold as a relic, even as they buy up more of it. Politicians dismiss gold as money they don't control and can't expand. Holders dismiss gold as outdated tech. And investors dismiss gold as a static metal paying no yields. So why does gold still matter? Why does it hold value over millennia? Why does it threaten inflationist governments? Why does it seem to be flowing West to East? Why does an ounce of it still trade for more than $1,000, if the critics are right? This is the comprehensive show on gold and its enduring role in today's economy, with Keith Weiner of Monetary Metals.

Why Gold Still Matters

Connor Boyack

Connor Boyack is back with another book in the Tuttle Twins series called The Fate of the Future. It's based on Murray Rothbard's famous Anatomy of the State, and like Rothbard it pulls no punches when describing government as predatory, violent, and coercive. Connor and Jeff Deist discuss why it's so important to offer an early alternative to the fantasyland view of the state that kids get in schools, and how the revolutionary act of home schooling may prove more powerful than any other libertarian activism.

Connor Boyack is back with another book in the Tuttle Twins series called The Fate of the Future. It's based on Murray Rothbard's famous Anatomy of the State, and like Rothbard it pulls no punches when describing government as predatory, violent, and coercive. Connor and Jeff Deist discuss why it's so important to offer an early alternative to the fantasyland view of the state that kids get in schools, and how the revolutionary act of home schooling may prove more powerful than any other libertarian activism.

Connor Boyack: Explaining the State to Kids

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