The Human Action Podcast

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

Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.

Bob’s Journal of Libertarian Studies Article on The Labor Theory of Value: https://Mises.org/HAP462a

Human Action Podcast Episode 460, “What Does Say’s Law Really Say?”: https://Mises.org/HAP462b

David Ricardo, On the Principles of Political Economy and Taxation: https://Mises.org/HAP462c

With recent market turbulence and new potential recession indicators emerging, Peter St. Onge joins Bob to examine whether market performance accurately reflects the true state of economic health. There is rising debt, growing entitlements, and ongoing structural issues within the US economy, Bob and Professor St. Onge analyze how these factors contribute to our current economic landscape and whether recent developments are indicative of a 1987-style crash or a 2008-style crash.

They also explain the Japanese carry trade, its impact on the dollar and Japanese markets, and the recent market fluctuations, including the significant decline in the Japanese stock exchange and the S&P 500.

Dr. St. Onge, “Is it Black Monday or Another 2008?”: https://Mises.org/HAP461a

Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​.

Prompted by a listener request, Bob gives the standard economic analysis of tariffs and other types of taxes. This is relevant because the populist Right is arguing for a hike in tariffs to fund income tax cuts.

Bob's Article, "Carbon Taxes and the 'Tax Interaction Effect'": https://Mises.org/HAP458a

Trump-Biden Tariff Tracker: https://Mises.org/HAP458b

Bob and Dave Smith on Open Borders: https://Mises.org/HAP458c

Frédéric Bastiat's Candlestick Makers' Petition: https://Mises.org/HAP458d

Jason Purcell is an analyst at a major financial institution with a specialty in bond analysis. He joins Bob to discuss his historical analysis of yield curves (in both UK and US) going back to the 1870s, which shows that central banks do indeed manipulate short-term interest rates.

Bob's Article on the Inverted Yield Curve: https://Mises.org/HAP457a

Goerge Selgin's Cato Article on the Fed: https://Mises.org/HAP457b

The Charts Referenced in this Episode: https://Mises.org/HAP457c

Jason's Twitter: https://Mises.org/HAP457d

Purcell Investment Research: https://Mises.org/HAP457e

Read More on Jason's Substack: https://Mises.org/HAP457f

Are wealthy people getting wealthier because they work harder? Dr. Jonathan Newman is back on the show to discuss Robert Reich's latest video about debunking economic myths.

Robert Reich incorrectly blames the free market when businesses act on incentives provided by the government. He condenses this information into short, impactful videos for his audience. However, most of what Reich talks about isn't really economics. And when he does discuss economics, he relies on flawed assumptions that have been meticulously refuted over the past century. Bob and Dr. Newman dissect the misconceptions and provide some insights.

Robert Reich's "Debunking Economic Myths" Episode 3: https://Mises.org/HAP455a

Robert Reich's "Debunking Economic Myths" Episode 4: https://Mises.org/HAP455b

Dr. Newman's Post on Reich's Episode 5: https://Mises.org/HAP455c

Kyle Anzalone from AntiWar.com and the Libertarian Institute joins Bob to discuss the timeline of Wikileaks and why the US government disliked Julian Assange.

This week, Assange was offered his freedom in exchange for admitting to espionage charges, but what exactly did he do? And how can the US prosecute Assange when he is not a US citizen? Bob and Kyle review the facts, including how Wikileaks began, the information they leaked, and the reasons behind Julian Assange's arrest.

Kyles Article on AntiWar.com: https://Mises.org/HAP454a

Kyle's Libertarian Institute Page: https://Mises.org/HAP454b

Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn't show that free-market banks would carry low reserve ratios.

Reason Debate Between Bob and George Selgin: https://Mises.org/HAP453a

George Selgin Interview on Free Banking: https://Mises.org/HAP453b

Selgin's Response to Bob on Twitter: https://Mises.org/HAP453c

Rothbard's Economic Controversies: https://Mises.org/HAP453d

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

In a new YouTube series, former US Secretary of Labor Robert Reich promises to explode ten "economic myths." Jonathan Newman joins Bob to respond to the first two episodes in the series, regarding whether economics is an objective science, and whether government intervention interferes with a free market.

Robert Reich's 'Debunking Economic Myths' Series: https://Mises.org/HAP452a

Garett Jones is Associate Professor of Economics at the Mercatus Center at George Mason University. He joins Bob to discuss his book, detailing the impact that immigrants' culture has on the institutions of their new home.

Professor Jones' New Book, The Culture Transplant: https://Mises.org/HAP449a