For the entrepreneur in a market economy, nothing is a sure thing. Every business is only a short step from bankruptcy. No business possesses the power to make people buy what they do not want. All success is potentially fleeting.

The US has millions of idle workers. In a normal economy this would put a damper on demand. But in our money-printing economy, consumer demand is surging even as production falls behind. An employment bubble is the result. 

Few people can be said to be the originator of a new science. Jim Spohrer is one of those rare beings. The science he originated is Service Science.

Do huge wealth redistribution schemes like Biden's new plan actually make people better off? Some people will get a net benefit. How numerous are they? How many millions will take a net loss? The government has no idea.

Now that the average American voter is barely paying attention—and that the US is facing an economic crisis and weak recovery—it has become politically expedient to move further toward wrapping up a couple more lost wars. 

The ideas of critical race theory and critical white studies shield a ruling elite from vengeance by attempting to make the mass of white people the scapegoat for their own crimes.

Representative democracy cannot subsist if a great part of the voters are on the government payroll. If elected officials no longer consider themselves servants of the taxpayers but deputies of those receiving salaries, doles, and subsidies, democracy is done for.

Patrick Newman and Tho Bishop join the show to dissect The Betrayal of the American Right, which is both a critical history and a fascinating political memoir of Rothbard's own journey to libertarianism.

People must still compete for resources in a socialist economy. In fact, the competition is intense. On the other hand, thanks to markets, basic necessities—and even basic luxuries—are now more more accessible than ever. 

Now that Cuban president Raul Castro has resigned the presidency of Cuba, will the US government lift its six-decade economic embargo against Cuba? Don't bet on it.