Bob concludes his series on areas where he’s changed his mind. This episode covers the economics of climate change, fractional reserve banking, the US gold standard, and more.
Matt McCaffrey talks with Bob about American economist Frank Fetter, before moving on to a staple of his research: the connection between Chinese military history and entrepreneurship.
Dr. Roberta Modugno and Jeff Deist finish examining Rothbard's The Ethics of Liberty. Dr. Modugno elaborates on Rothbard's disagreements with Mises regarding ethical justifications for a free society, and defends his uncompromising views on the nature of the state.
Ryan McMaken joins the show to tackle the toughest and most controversial chapters ofThe Ethics of Liberty—abortion, the rights of children, defamation, and all the "what-ifs" contained in lifeboat situations.
Scott Sumner explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.