Recent Podcast Episodes

The site can also host blogs and announcements related to Austrian economics and libertarianism in the humanities.

A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.

This summer, Hollywood is celebrating the 50th anniversary of its summer blockbuster “Jaws.” The making of such films provides a good analysis of how entrepreneurs operate in a world of uncertainty. Austrian economists are best able to understand how this process works.

The government argues that restoring state control protects Mexico’s resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply.

For millennia prior to the dawn of the Industrial Revolution, the vast majority of men, women, and children toiled from dusk to dawn and beyond just to keep body and soul together.

Western Civilization has brought great advances in culture and economics, yet no one is more relentless in trying to destroy this civilization than western intellectuals. Ricardo Duchesne lays it out in his book, Greatness and Ruin.

Unfortunately, President Trump has severely damaged his credibility by embroiling us in a war that is not our war.

Historically, slavery has always been held together by violence, including slavery in the US. However, the actual history of slavery here is much more complex than what modern academics want to admit. 

They promised peace. What we got was another step toward global war and economic ruin. Mark Thornton isn’t buying the excuses.

Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.

Regardless of your view of the current conflicts, one fact is indisputable.  President Trump’s actions violate our traditional non-interventionist foreign policy. 

Contrary to the expectation of the Luddites, we have only become wealthier than before and workers today enjoy much higher standards of living than workers in the past.

On this episode of Power and Market, the roundtable responds to Zohran Mamdani winning his primary in New York City, the rising MAGA attacks on the Fed, and the ceasefire in the Middle East.

Some non-economic arguments made by pronatalists are very good. But when it comes to economics, pronatalists often get it very wrong.

Although it may not have ultimately ended how they wished, the strikes on Iran demonstrated that neoconservatives are still a viable force within the GOP. But that shouldn’t discourage us. Ending endless wars isn’t easy, but it is worthwhile.

There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation.

Fiat is failing. Dr. Mark Thornton explains why sound money is the future.

No one seems concerned about the constant devaluation of the dollar. They blame high prices on whoever is president or corporate greed.

America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through greater decentralization, lower taxation, and more expansive freedoms.

Unfortunately, the only real long-term solution to this is genuine fiscal austerity and debt repudiation.