In this intellectually stimulating episode of "The Rational Egoist," host Michael Leibowitz sits down with Dr. Karras Lambert, who recently completed his Ph.D. in economics at George Mason University. They delve into the complex web of free trade, its misconceptions, and its relation to immigration and Austrian economics.

Leibowitz and Dr. Lambert start by breaking down the term "free trade." Contrary to popular belief, free trade is not about government intervention or protectionism; it's about the unbridled ability to trade goods and services with anyone, without interference. The notion that government needs to help small businesses start up, according to Dr. Lambert, is anathema to the true concept of free trade. When businesses rely on government subsidies or handouts, they're not actually competing in the marketplace; instead, they're leaning on a crutch that won't support them in the long run.

The conversation then turns to human society and how trade is fundamentally advantageous for its progress. Building on Ludwig von Mises's point about the productivity of the division of labour, they debunk the outdated mercantilist mindset that once measured a nation's wealth by its stockpile of gold.

Dr. Lambert affirms that trade is most effective when individuals focus on their areas of expertise and exchange value freely, enhancing both their lives and the economy.

However, the real essence of free trade is threatened when the government decides to confiscate a portion of your earnings. The discussion points out that this not only diminishes your ability to engage in future trades but also inherently devalues your labour. After all, what is taxation if not a forceful removal of the fruits of your labour and trade?

Don't miss this episode if you're looking for a thorough understanding of free trade, its implications for immigration policies, and how it fits within the broader context of Austrian economics.

Michael Leibowitz is a renowned philosopher, political activist, and the esteemed host of the Rational Egoist podcast. Inspired by the philosophical teachings of Ayn Rand, Leibowitz passionately champions the principles of reason, rational self-interest, and individualism, seeking to empower others through his compelling work.

Beyond his impactful podcasting endeavours, Leibowitz fearlessly engages in lively political debates, advocating for the protection of individual rights and freedoms through compelling YouTube videos and insightful interviews. His unwavering commitment to these ideals has garnered him a dedicated following of like-minded individuals.Leibowitz is a versatile author, co-authoring the thought-provoking book titled "Down the Rabbit Hole: How the Culture of Correction Encourages Crime." This groundbreaking work delves into societal attitudes surrounding punishment and rehabilitation, shedding light on how misguided approaches have contributed to the rise of crime and recidivism.

Additionally, he has authored the book "View from a Cage: From Convict to Crusader for Liberty," offering an intimate portrayal of his personal journey while exploring the philosophies that influenced his transformation.

As you embark on your intellectual journey, join Michael Leibowitz as he advocates for reason, individualism, and the pursuit of self-interest, inspiring others to embrace a philosophy that empowers and uplifts the human spirit.

For a deeper exploration of his ideas and insights, don't miss the opportunity to read "Down the Rabbit Hole: How the Culture of Correction Encourages Crime," co-authored by Michael Leibowitz. And also, delve into his book "View from a Cage: From Convict to Crusader for Liberty." Both books are available for purchase using the following links:"Down the Rabbit Hole": https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X"View from a Cage": https://books2read.com/u/4jN6xj