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The Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.
1 NOV 2024 · Mises Fellow Kristoffer Hansen joins Bob to discuss Mises' perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen’s work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in https://mises.org/library/book/human-action?d7_alias_migrate=1 on the topic.Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle.
- Kristoffer's Article in the QJAE, "Sound Money without Free Banking": https://Mises.org/HAP472a
- Kristoffer and Jonathan Newman's Article in the QJAE Clarifying Rothbard's Definition of Inflation: https://Mises.org/HAP472b
- Human Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: https://Mises.org/HAP472c
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
26 OCT 2024 · In response to Murphy's recent article on comparative advantage, economist Jorge Morales Meoqui objected that Murphy was continuing the same erroneous story about Adam Smith vs. David Ricardo. In this episode, Murphy clarifies what is right and wrong in Meoqui's own paper on the topic.
- Jorge Morales Meoqui's Article on Comparative Advantage: https://Mises.org/HAP471a
- The Bob Murphy Show, Episode 352 on Comparative Advantage: https://Mises.org/HAP471b
- Bob's Article, "The Beauty and Importance of Comparative Advantage": https://Mises.org/HAP471c
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
18 OCT 2024 · Murphy lays out the various camps in the debate over FRB. He endorses the view of Joe Salerno, namely that Mises favored "free banking" as the best means for limiting credit expansion and ensuring banks carry high reserve ratios.
- Bob's Article in the QJAE on Fractional Reserve Banking: https://Mises.org/HAP470a
- Joe Salerno, "Ludwig von Mises as Currency School Free Banker": https://Mises.org/HAP470b
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
11 OCT 2024 · Dr. Philipp Bagus explains the main ideas from his new book, https://mises.org/library/book/full-reserve-banking-versus-real-bills-doctrine, which defends Misesian business cycle theory from a recent critique. Bagus provides an in-depth criticism of the Real Bills Doctrine, emphasizing the importance of real savings in economic stability. He defends full reserve banking and critiques fractional reserve systems for creating money without real economic backing, leading to inflation and business cycles.
- Full Reserve Banking versus the Real Bills Doctrine: https://Mises.org/HAP469a
- Bob's Study Guide to The Theory of Money and Credit: https://Mises.org/HAP469b
- Philipp Bagus, "Entrepreneurial Error Does Not Equal Market Failure" https://Mises.org/HAP469c
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
4 OCT 2024 · Paul Cwik revisits the podcast to explain his new book, which aims to simplify ABCT for economics students and professors, especially those teaching at the principles level. Dr. Cwik critiques mainstream economic theories for oversimplifying business cycles, arguing that the Austrian theory better explains systemic errors and the boom-bust cycle driven by distorted interest rates.
- Dr. Cwik's New Book, Austrian Business Cycle Theory: An Introduction: https://Mises.org/HAP468a
- Roger Garrison's Famous Lecture, "The Austrian Theory of the Business Cycle": https://Mises.org/HAP468b
- Richard Ebeling's Monograph, The Austrian Theory of the Trade Cycle: https://Mises.org/HAP468c
- Carilli and Dempster, "Expectations in Austrian Business Cycle Theory: An Application of the Prisoner’s Dilemma": https://Mises.org/HAP468d
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
28 SEP 2024 · Donate $5 today to support our Fall Campaign and receive a physical copy of Anatomy of the State: https://Mises.org/HH5Tom Luongo hosts the Gold, Goats, 'n Guns podcast and newsletter. He explains the different factions among bankers, including rivalries between New York and San Francisco, and the US versus Europe.
- Read More from Tom Luongo: https://Mises.org/HAP467a
21 SEP 2024 · Donate $5 today to support our Fall Campaign and receive a physical copy of Anatomy of the State: https://Mises.org/HH5David R. Henderson is a research fellow with the Hoover Institution at Stanford University. He joins Bob to critique a recent Brad DeLong essay, which argued that the US had tried an experiment in "neo-liberalism" and that it failed utterly.
- DeLong's Article, "America Has No Alternative to Industrial Policy": https://Mises.org/HAP466a
- Henderson's Critique of DeLong's Article: https://Mises.org/HAP466b
- Bob's Journal Aritcle on 1970s Crude Oil Price Controls: https://Mises.org/HAP466c
- Subscribe to David's Substack, "I Blog to Differ": https://Mises.org/HAP466d
6 SEP 2024 · In this episode of the Human Action Podcast, Bob welcomes guest Joshua Mawhorter to discuss his recent article on the role of government in sustaining slavery. The conversation covers several key points, including slave patrols, fugitive slave laws, manumission restrictions, and constitutional subsidies. Mawhorter argues that slavery persisted largely due to government intervention rather than free-market mechanisms and highlights the inefficiencies and extensive costs associated with maintaining the institution. They also touch on modern discussions of reparations and the historical patterns of slavery's abolition in other countries.
- Josh's Mises Wire Article, "Governments Had a Major Role in Sustaining Slavery": https://Mises.org/HAP465a
- Mark Thornton, "Slavery, Profitability, and the Market Process": https://Mises.org/HAP465b
- Jeffrey Hummel, "The Political Economy of Slavery, Secession, and Emancipation": https://Mises.org/HAP465c
- Jeffrey Hummel, "U.S. Slavery and Economic Thought": https://Mises.org/HAP465d
- Alan Olmstead, "Cotton, Slavery, and the New History of Capitalism": https://Mises.org/HAP465e
Registration for the 2024 Mises Institute Supporters Summit is open for Mises Members: https://mises.org/SS24
6 SEP 2024 · Bob goes solo to explain the contributions of Carl Menger and Ludwig von Mises to monetary theory. He then deals with the critique of David Graeber, who argues that the economists' story of the origin of money is bogus.
- Bob's Article, "Origin of the Specie": https://Mises.org/HAP464a
- R. A. Radford, "The Economic Organisation of a P.O.W": https://Mises.org/HAP464b
- Bob's Book, Understanding Money Mechanics: https://Mises.org/HAP464c
Get your ticket to Living Free in an Unfree World in Albuquerque, New Mexico: https://Mises.org/NM24
31 AUG 2024 · Dr. Jonathan Newman joins Bob to analyze Kamala Harris's proposals against price gouging, and how some mainstream economists defend Government price controls. They also address misconceptions about price gouging and the evolving mainstream narrative on inflation.
- Bob's Article on Harris's Anti-Price Gouging Proposals: https://Mises.org/HAP463a
- The Boston Globe Article Supporting Harris's Proposal: https://Mises.org/HAP463b
For the week only, get a FREE copy of Dr. Per Bylund's How to Think About the Economy: https://Mises.org/HAPodFree
The Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.
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Author | Mises Institute |
Organization | Chad Parish |
Categories | Social Sciences , Society & Culture , Politics |
Website | mises.org |
media@mises.com |
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