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Well-functioning labor markets and the rise of Western Civilization—and our standard of living—is not an accident, coincidence, or a matter of chance.
The topic of this episode is probably familiar to most everyone—especially the arguments on both sides of the political debate. Mark largely ignores the politics, however, and digs deeper into more important aspects of the issue. Minimum wage laws don’t have to be politically divisive. Can minimum wage policy achieve shared goals and shared values?
Subscribe to this monthly podcast at https://Mises.org/Unanimity
The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree
Economics researcher Joakim Book joins Bob to discuss his recent article on the dollar's international dominance at the American Institute for Economic Research.
US Sanctions incentivize foreign governments to find alternatives to the dollar, but none have successfully escaped Washington's grip. Joakim argues that alternative payment systems are in the works, but even international banking transactions still use US banking systems. How much longer will the US dollar be the king currency? Why aren't foreign Governments fleeing to BTC and Gold? Bob and Joakim discuss.
Joakim's Article at the AIER: https://Mises.org/HAP451a
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Chapters
00:00 Introduction
01:05 Declining Dollar Dominance
06:23 The Roles Dollars Play in International Commerce
08:29 US Sanctions and the Incentives they Create
15:08 Alternative Payment Systems that are being Built
20:29 Why Aren't Governments using Bitcoin?
28:34 Why The US Government Has too much Power
32:04 Should the Average Person Care?
37:35 Conclusion
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Institute Senior Editor Bill Anderson to discuss Donald Trump’s conviction. Bill explains the tortured logic of the case and its lasting significance for the regime.
Discussed on the Show
“Don’t Listen to the Elites: Trump’s Conviction Is NOT a ‘Victory’ for the Rule of Law” by William L. Anderson: https://Mises.org/RR_189_A
“The Lesson of the Trump Conviction” by Connor O’Keeffe: https://Mises.org/RR_189_B
Claim your free copy of What Has Government Done to Our Money?: https://Mises.org/Money
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PROMO CODE: RothPod for 20% off
Mises is on the march, and the elites are terrified.
For decades, the most powerful institutions, from academia to the corporate press, have made a concerted effort to marginalize the wisdom of Austrian economics. Their control is breaking. From Tucker Carlson to UFC, the name Ludwig von Mises has reached the masses in ways he could have never imagined.
Now, we’re looking to take it to the next level.
We are releasing our newest documentary, exposing how the Federal Reserve is ripping off the public and enriching the parasitic elite. This documentary isn’t just for supporters of the Mises Institute. It is for the masses, made ready to stream to anyone with access to Amazon Prime or YouTube.
We already have the support of some of the Fed’s greatest critics: Ron Paul, Jim Grant, Mark Spitznagel, Joe Salerno, and more. What we need is your help: https://Mises.org/Fed
Your donation will help us release this documentary to the public at a time when inflation is the country’s number one issue. From teenagers fearing they will never enjoy the life of their parents to retirees fearful of what is happening to their savings, everyone is learning exactly what government has done to our money.
Help us meet our fundraising goal. Donate $50 today at https://Mises.org/Fed and receive our new, never-before-published booklet by Murray Rothbard, Taking Back Our Money. Donors of $1,000 or more will be listed in the film credits.
Please give today at https://Mises.org/Fed or call us at (334) 321-2100 to donate.
Jonathan Newman returns to help Bob dissect a Twitter thread melting down about Rep. Massie's new bill to End the Fed.
The X thread discussing the "End the Fed Bill": https://Mises.org/HAP450a
Selgin, Lastrapes, and White, "Has the Fed Been a Failure?": https://Mises.org/HAP450b
Bob's Article, "Putting the Country Back on Gold": https://Mises.org/HAP450c
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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As the world heads further down the road to trade protectionism and war, Mark takes a look at what Ludwig von Mises dubbed the “Montaigne Fallacy.” This fallacy is based on the illogical idea that with voluntary exchange, one person’s benefits come at the expense of the other, or what we call “zero sum thinking.” Mark shows exactly why the idea is wrong and explains that Montaigne’s other ideas are also wrongheaded.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/Money.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Apprentice Liam McCollum, who was at last weekend’s Libertarian Party National Convention. They discuss Donald Trump’s presence at the event, what the LP nominee means for 2024, and the potential future of libertarian transactional politics.
Discussed on the Show
“To Stop the Left, America Needs a Rothbardian Right” by Tho Bishop: https://Mises.org/RR_188_A
Claim your free copy of What Has Government Done to Our Money?: https://Mises.org/Money
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
In this week's episode, Mark reviews several ways to fight the Fed's price inflation. Adopting these strategies proactively can improve our lives economically and psychologically—and even improve our health. They can make your family less vulnerable and improve your self-confidence.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Register for the 2024 Mises Institute Supporters Summit in Hilton Head, South Carolina, at https://Mises.org/SS24
Join the Mises Institute at Freedom Fest 2024! https://Mises.org/FreedomFest24
Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/Money.
Garett Jones is Associate Professor of Economics at the Mercatus Center at George Mason University. He joins Bob to discuss his book, detailing the impact that immigrants' culture has on the institutions of their new home.
Professor Jones' New Book, The Culture Transplant: https://Mises.org/HAP449a
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Chapters
00:00 Introduction
00:34 Why Some Countries are More Productive than Others
02:41 Culture Matters
09:01 Chinese Immigration
14:35 Does Immigration Improve Institutions?
18:49 Focusing the Immigration Debate on Culture
24:53 Chinese Work Culture and the CCP
33:05 Institutional Impacts of Immigration
36:30 Immigration Policy: Workers vs. Voters
52:29 What Should US Immigration Policy Look Like?
Ryan and Tho and guest Karl Streitel talk about how the public school monopoly conditions students for obedience while failing to educate them.
Discussed on the Show
“Public Schools Have No Respect for the Students or Their Parents” by Karl Streitel: https://Mises.org/RR_187_A
“Government Schools Are Propaganda Machines” by Karl Streitel: https://Mises.org/RR_187_B
"The Costs of the Progressives": https://Mises.org/RR_187_C
Additional Resources
Options for Education: https://Mises.org/RR_187_D
Quantum Courses: https://Mises.org/RR_187_E
Prenda: https://Mises.org/RR_187_F
Acton Academy: https://Mises.org/RR_187_G
The Learning Liberty Podcast: https://Mises.org/RR_187_H
Claim your free copy of What Has Government Done to Our Money?: https://Mises.org/Money
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.
Radio Rothbard mugs are now available at the Mises Store. Get yours at https://Mises.org/RothMug
PROMO CODE: RothPod for 20% off
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Podcasts ► https://mises.org/podcasts
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Podcasts ► https://mises.org/podcasts
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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“These days, Stoicism is very fashionable, and popular books on this subject are easy to find. Ludwig von Mises drew from a different tradition of Greek ethics, Epicureanism.”
Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Podcasts ► https://mises.org/podcasts
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Ryan and Zach talk about how the realities of expensive industrial warfare are still relevant. The Pentagon's fantasy of precision techno-war doesn't apply to wars with peer countries like Russia or China.
Recommended Reading
"In a war of attrition, you want an economist as defense minister" - The Bell: https://Mises.org/WES_21_A
"The Economics of War" by Murray Rothbard: https://Mises.org/WES_21_B
"The Economics of War" by Matthew McCaffrey: https://Mises.org/WES_21_C
"Defense, Controls, and Inflation" edited by Aaron Director: https://Mises.org/WES_21_D
"Guardians of the Warfare State" by T. Hunt Tooley: https://Mises.org/WES_21_E
"Wartime: Understanding and Behaviour in the Second World War" by Paul Fussell: https://Mises.org/WES_21_F
Be sure to follow War, Economy, and State at https://Mises.org/WES.
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Rumble ► https://rumble.com/c/c-2212754
Odysee ► https://odysee.com/@mises/
Podcasts ► https://mises.org/podcasts
“When Human Action first appeared, its distinctive Austrian school approach was already considered a closed chapter in the history of economic thought. So, Human Action and Mises’ New York University seminar had a huge impact. It’s the reason that we’re here today. It’s the reason that we have a modern Austrian school.”
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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“Those first 300 pages are rather difficult. And they’re difficult for a variety of different reasons for both professional economists as well as just regular people. Regular people wonder, what are all these insane criticisms that Mises is spending so much time addressing? And the professional economist wants to know, why doesn’t he get on to regular economics? I’m going to talk about that a little differently here today.”
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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"Like most of us in this room, I have never met Ludwig von Mises in person. I first encountered his ideas some 20 years after his passing. In what follows, I will first describe this encounter. And then I will zoom in on his book, Human Action, and explain why it embodies the research paradigm of praxeological realism and also what the challenges related to it are."
Presented at the 2024 Human Action Conference on Saturday, 18 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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"One of the great lessons of Mises's Human Action is that the institutions of the free society—private property and sound money—make up the environment enabling economic progress and hence economic flourishing."
Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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"We can build a society that's based on peace and cooperation, and we can create a society that flourishes. That's why the law of association is so important."
Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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"It is impossible to eliminate the entrepreneur from the picture of a market economy. So, an entrepreneur is central to our understanding of what a market is."
Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Podcasts ► https://mises.org/podcasts
"Read the great book of Mises. It's the foundation that all of us have tried to develop and defend: the praxeological edifice of economic theory."
Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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“Human Action is the foundational work of modern Austrian economics, and that is reason enough for reading it. But there is an equally compelling reason for carefully studying Mises’s great treatise. For it is the antidote to the real and immediate threat to human liberty and society, represented by the prevailing social philosophy of progressivism.”
Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
“Human Action is the foundational work of modern Austrian economics, and that is reason enough for reading it. But there is an equally compelling reason for carefully studying Mises’s great treatise. For it is the antidote to the real and immediate threat to human liberty and society, represented by the prevailing social philosophy of progressivism.”
Presented at the 2024 Human Action Conference on Friday, 17 May 2024, at the Mises Institute in Auburn, Alabama.
The Mises Institute is the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics.