The Human Action Podcast

Andreas Granath is a recovering socialist who discovered the truth and beauty of Austrian economics and libertarianism. He joins Bob to discuss his recent article explaining the different definitions of "inflation" and why it matters.

Andreas' Mises Wire Article on CPI: https://Mises.org/HAP416a

The Silly IMF Tutorial on Inflation: https://Mises.org/HAP416b

Bob's Mises University Lecture on Price Inflation: https://Mises.org/HAP416c

Yaron Brook & Łukasz Dominiak Debate on Minarchy vs. Anarchy: https://Mises.org/HAP416d

Join us in Fort Myers on November 4 to cut through the campaign talking points and offer an uncompromising look at what is coming next. Use Code "FL2023" for $10 off admission: https://Mises.org/FL23

Human Action Podcast listeners can get a free copy of Per Bylund's How to Think About the Economy: https://Mises.org/HAPodFree

Alex Pollock has decades of experience in financial markets, including a position as President of the Federal Home Loan Bank of Chicago. He explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans.

Dr. Jonathan Newman joins Bob to break down the data used in a popular productivity vs. pay graph. They show why you should be wary of charts coming from agenda-driven institutions and how you can spot manipulated data.

The charts mentioned during this episode are available at: https://Mises.org/HAP414Charts

Gene Epstein on the Bob Murphy Show: https://Mises.org/HAP414a

The Economic Policy Institute 2022 Paper: https://Mises.org/HAP414b

The Economic Policy Institute 2015 Paper: https://Mises.org/HAP414c

Gene Epstein's Mises University 'Dirty Data' Lecture: https://Mises.org/HAP414d

FRED Blog Post on the Chart and Price Indices: https://Mises.org/HAP414e

Lawyers for two of the Proud Boys convicted for their role in the January 6 assault on the Capitol are filing appeals claiming that they are being subject to a "trial tax," being punished for rejecting a plea deal offer. Bob uses the occasion to explain his long-standing objection to plea deals.

Article on the 'Trail Tax' Imposed on the Proud Boys: https://Mises.org/HAP413a

Ex-Proud Boys Leader Sentenced Despite Not Being in Washington on Jan. 6th: https://Mises.org/HAP413b

Twitter Thread on Plea Deals and Justice: https://Mises.org/HAP413c

Ryan McMaken joins Bob to discuss the surprisingly negative reaction (from a Reason writer and Tyler Cowen) to Oliver Anthony's hit song, "Rich Men North of Richmond." Ryan and Bob defend the lyrics, arguing that Anthony doesn't say anything objectionable from either a libertarian or economic perspective.

Listen to Oliver Anthony's "Rich Men North of Richmond": https://Mises.org/HAP412a

Christian Britschgi's article in Reason on Oliver Anthony: https://Mises.org/HAP412b

Tyler Cowan's Bloomberg Editorial: https://Mises.org/HAP412c

Peter Lewin joins Bob to discuss his work with Nicolás Cachanosky on uniting Austrian capital theory with mainstream finance.

Peter's New Book on Capital and Finance: https://Mises.org/LewinBook

Peter St. Onge joins Bob to discuss his latest piece at Mises.org on "China's Doom Loop." They cover a wide range of topics, including the contrast in leadership between Xi Jinping and Deng Xiaoping, the dollar as global reserve currency, the Belt and Road Initiative, and Jim Rogers' prediction that the 21st century would belong to the Chinese empire.

Peter's Article on China: https://Mises.org/HAP410a

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation.

Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices.

Galbraith's Article on the Fed's 'Soft Landing': https://Mises.org/HAP409a

The Paper on the Forward Guidance Paradox That Mentions Krugman: https://Mises.org/HAP409b

Ryan McMaken joins Bob to discuss the recent US Women's World Cup elimination, and to dispel the myth that markets are discriminatory. After defending Megan Rapinoe's failed penalty kick, they dismantle her outspoken views on "equal pay" in sports, and examine the left's claim that law is required to fix prejudice in the labor market.

As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a "soft landing." Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.

Robert Lucas' Nobel Prize Winning Lecture: https://Mises.org/HAP407a

Bob's Eerie Article from 2007 on the Recession: https://Mises.org/HAP407b

'Bernanke Was Wrong' Compilation: https://Mises.org/HAP407c

'Peter Schiff Was Right' Compilation: https://Mises.org/HAP407d