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Bob Murphy is the author of, among many other works, Choice: Cooperation, Enterprise, and Human Action. He his own podcast, The Bob Murphy Show, and was the co-host of the Contra Krugman podcast.

Question 1 @ 0:22—GDP includes government spending. MV therefore includes what government spends. Does M include Fed infusions?

Question 2 @ 4:00—What, if any, are the limits to consent under a libertarian/Austrian framework?

Question 3 @ 9:49—Should there be government mask mandates to fight COVID-19?  Do Austrian economics or libertarian theory provide any perspectives on this question?

Question 4 @ 13:42—In a voluntary society how could nuclear, biological, and chemical weapons be handled in a way that doesn't require a state, but also would stop deranged individuals from using them on peaceful people?

Question 5 @ 17:22—Is there any moral limit on free trade? Is there any point at which another country or trading partner violates libertarian principles so egregiously that you cut off relations?

Question 6 @ 21: 30—A lot of people are bullish about the current economy, including many libertarians. Are they right or are there reasons to anticipate another crash soon?

Question 7 @ 24:03—Assuming it doesn't, why does protectionism not benefit the protected nation's industrial base?

Question 8 @ 26:18—If there are no intellectual property laws, why would pharmaceutical companies do expensive research and development?

Question 9 @ 28:33—In a truly free market economy would we see the ups and downs in the stock market, or the market in general, that we have been seeing the last 100+ years?

Ask your questions at AskAnAustrian.com for the next episode!

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You can check out Lucas Engelhardt's work at the Mises Institute (https://mises.org/profile/lucas-m-engelhardt) as well as on his personal website (http://www.lucasmengelhardt.com/)

Question Timestaps:

00:15 - Question 1 - What is the best introductory book for the layman who wants to learn the basics of Austrian econ, but doesn't necessarily want to become an expert or read something as extensive as Human Action or ME&S?

Question 2 - 4:47 - In the absence of a federal reserve, would prices ever go up? In other words, would the cost of living increase?

Question 3 - 7:30 - Am I wrong for saying the U.S dollar does not have a unit of account? Since the U.S dollar is a unit of debt and debt has no standard measurement. How can I logically compare prices than.

Question 4 - 12:18 - Why is the petrodollar so important to the USA and if other nations move away from the dollar in global trade will there be an inflationary impact in the USA?

Question 5 - 15:52 - What is the Austrian Business Cycle Theory, and what should the Mises Caucus advocate for given an understanding of ABCT?