The Human Action Podcast

Mises Institute

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The Human Action Podcast features in-depth interviews on current topics in economics through an Austro libertarian lens.

-5 J

Why FEMA Makes Things Worse: Theory and History

Amy LePore's doctoral dissertation covered the perverse incentives of federal money for disaster management on local officials. She joins Bob to talk about FEMA's poor track record in recent disasters but also going back to Hurricane Katrina. Amy's Dissertation on the Effects of Federal Financial Aid: Mises.org/HAP474aThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
8 NOV.

How Can Mining Asteroids in the Future Make Us Richer Today?

After explaining the backstory of how Bob put forth a proposal for codifying property rights in space-based resources, Bob then explains how the prospect of a future inflow of extraterrestrial riches could boost the standard of living on Earth in the near term. Bob Murphy Show, "Scott Horton on American Interference in the 1996 Russian Election": Mises.org/HAP473aThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
1 NOV.

Unpacking Mises: Fractional Reserve Banking and the Currency School

Mises Fellow Kristoffer Hansen joins Bob to discuss Mises' perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen’s work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in Human Action on the topic. Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle. Kristoffer's Article in the QJAE, "Sound Money without Free Banking": Mises.org/HAP472aKristoffer and Jonathan Newman's Article in the QJAE Clarifying Rothbard's Definition of Inflation: Mises.org/HAP472bHuman Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: Mises.org/HAP472cThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
26 OCT.

Was Ricardo's Comparative Advantage Really Different From What Adam Smith Said About Foreign Trade?

In response to Murphy's recent article on comparative advantage, economist Jorge Morales Meoqui objected that Murphy was continuing the same erroneous story about Adam Smith vs. David Ricardo. In this episode, Murphy clarifies what is right and wrong in Meoqui's own paper on the topic. Jorge Morales Meoqui's Article on Comparative Advantage: Mises.org/HAP471aThe Bob Murphy Show, Episode 352 on Comparative Advantage: Mises.org/HAP471bBob's Article, "The Beauty and Importance of Comparative Advantage": Mises.org/HAP471cThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
18 OCT.

What Was Mises's Position on Fractional Reserve Banking?

Murphy lays out the various camps in the debate over FRB. He endorses the view of Joe Salerno, namely that Mises favored "free banking" as the best means for limiting credit expansion and ensuring banks carry high reserve ratios. Bob's Article in the QJAE on Fractional Reserve Banking: Mises.org/HAP470aJoe Salerno, "Ludwig von Mises as Currency School Free Banker": Mises.org/HAP470bThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
11 OCT.

Philipp Bagus on the Flaws in the "Real Bills" Doctrine

Dr. Philipp Bagus explains the main ideas from his new book, Full Reserve Banking versus the Real Bills Doctrine, which defends Misesian business cycle theory from a recent critique. Bagus provides an in-depth criticism of the Real Bills Doctrine, emphasizing the importance of real savings in economic stability. He defends full reserve banking and critiques fractional reserve systems for creating money without real economic backing, leading to inflation and business cycles. Full Reserve Banking versus the Real Bills Doctrine: Mises.org/HAP469aBob's Study Guide to The Theory of Money and Credit: Mises.org/HAP469bPhilipp Bagus, "Entrepreneurial Error Does Not Equal Market Failure" Mises.org/HAP469cThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
4 OCT.

Paul Cwik's New Introduction to Austrian Business Cycle Theory

Paul Cwik revisits the podcast to explain his new book, which aims to simplify ABCT for economics students and professors, especially those teaching at the principles level. Dr. Cwik critiques mainstream economic theories for oversimplifying business cycles, arguing that the Austrian theory better explains systemic errors and the boom-bust cycle driven by distorted interest rates. Dr. Cwik's New Book, Austrian Business Cycle Theory: An Introduction: Mises.org/HAP468aRoger Garrison's Famous Lecture, "The Austrian Theory of the Business Cycle": Mises.org/HAP468bRichard Ebeling's Monograph, The Austrian Theory of the Trade Cycle: Mises.org/HAP468cCarilli and Dempster, "Expectations in Austrian Business Cycle Theory: An Application of the Prisoner’s Dilemma": Mises.org/HAP468dThe Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
28 SEPT.

Tom Luongo on the Rival Factions Among Bankers

Donate $5 today to support our Fall Campaign and receive a physical copy of Anatomy of the State: Mises.org/HH5 Tom Luongo hosts the Gold, Goats, 'n Guns podcast and newsletter. He explains the different factions among bankers, including rivalries between New York and San Francisco, and the US versus Europe. Read More from Tom Luongo: Mises.org/HAP467a

Tout afficher (152)

4,8

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Fav

18 juil.

jecc47

My favorite podcast. I learn so much. Thanks so much for all you do.
Amazing podcast

22/11/2023

Ricky_Bobby69420

Only thing they should do is make it twice as loud and it would be perfect
Good, but…

13 janv.

pblumel

Oddly, the guests on this program are not always or even usually announced by name in the podcast. Apparently a listing of the guests and topics are found elsewhere. But for people using their phones and subscribing to the podcast through iTunes or other services and listening while driving or walking their dogs, this is of little help. Sometimes the host will start the episode by referring to the guest by their first name only! For me this is a major obstacle to enjoying the show.
Beauty in Everything!

21/10/2022

Billy Bermuda

Only the sublimely insightful Jeff Deist could have delivered the speech Beauty in Economics. I know he really meant beauty in everything, which is the highest goal of a being. Thank you, Jeff!