Created as a sop to the teachers‘ unions, the Department has presided over huge declines in student academic performances and has played a vital role in politicizing formal learning at all levels.

Narrated by Millian Quinteros.

Matt McCaffrey is a former Mises Institute research fellow with an expertise in the American economist (and Austrian fellow-traveler) Frank Fetter. He joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.

Dr. McCaffrey's Journal Article: https://Mises.org/HAP480a

Frank Fetter's Capital, Interest, and Rent: https://Mises.org/HAP480b

Matt McCaffrey, “Frank Fetter and the Austrian Tradition in the United States”: https://Mises.org/HAP480c

Social critics often tell us that capitalism is contrary to the true meaning of Christmas. In truth, markets and entrepreneurs work to make Christmas more joyous and comfortable.

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Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal mechanisms that make the outcomes possible.

Narrated by Millian Quinteros.

We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”

Narrated by Millian Quinteros.

Commercial real estate in the US faces major problems despite efforts by the Federal Reserve System to prop it up. Bonds used to finance commercial real estate markets are being hit especially hard, and there is no relief in sight.

Narrated by Millian Quinteros.

Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible.

Narrated by Millian Quinteros.

Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.”

Narrated by Millian Quinteros.

By misusing statistics, the government claims that racial disparities are always caused by racial discrimination and that these disparities can only be rectified by state-directed outcomes. However, government programs have made things much worse.

Narrated by Millian Quinteros.

Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.

Narrated by Millian Quinteros.