Episodios

  • Episode 232: Protectionism vs. Free Enterprise

    Episode 232: Protectionism vs. Free Enterprise
    May 8 2025
    David takes on the idea that protectionism and globalization are chief rivals, and instead suggests that the chief rival of protectionism is free enterprise itself. He critiques Joe Nocera’s recent Free Press article suggesting that the protectionists have been vindicated, and instead suggests that the entire protectionist agenda is essentially the plight of the central planner. A careful critique of the tariff dogma, combined with a non-revisionist view of what has transpired in trade and culture over the last few decades!
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    24 m
  • Episode 231: When Engagement Is Enjoyable and Valuable

    Episode 231: When Engagement Is Enjoyable and Valuable
    May 6 2025

    How One Family Aims to Break Liberals' Corporate Voting Power
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    17 m
  • Episode 230: Transparency for Thee but Not for Me

    Episode 230: Transparency for Thee but Not for Me
    May 1 2025
    As the Trump administration and Amazon/Bezos almost duked it out over the “shocking” idea of disclosing the impact to prices from taxes on imports, those of us seeking to understand economic application out of cogent economic theory were given a great chance to relearn some lessons from master himself, Friedrich Hayek. It turns out price discovery is important in economics for the same reason transparency is important in political theory -- and this ought to be a very non-partisan belief!
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    15 m
  • Episode 229: Two Ways to Hurt the Working Class

    Episode 229: Two Ways to Hurt the Working Class
    Apr 24 2025

    Veronique De Rugy’s phenomenal article
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    17 m
  • Episode 228: Moving the Wrong Way with the Fed

    Episode 228: Moving the Wrong Way with the Fed
    Apr 22 2025
    If our goal is a monetary policy that minimizes interventions and distortions in the marketplace and most optimally allows capital to find its most efficient use, the last thing we should want is a Fed that is less independent and more captive to political whims and desires. David explains his various criticisms of Jerome Powell this week, but points out how we make things much worse, not better, if we believe it a good idea for the Fed to be a pawn of the president. In this case, it is counterproductive; for future precedent, it is downright dangerous.
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    11 m
  • Episode 227: A Crisis of Responsibility About the U.S. Dollar

    Episode 227: A Crisis of Responsibility About the U.S. Dollar
    Apr 17 2025
    With so much talk circulating that Americans need to be deathly afraid of a “strong dollar,” David takes on recent comments from Stephen Miran, chair of the Council of Economic Advisers, suggesting that a strong dollar is really unfair to Americans. Underlying some of these recent allegations about dollar supremacy is a familiar crisis of responsibility. It is time to set the record straight.
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    20 m
  • Episode 226: The Stock Market vs. The Real Economy?

    Episode 226: The Stock Market vs. The Real Economy?
    Apr 15 2025
    David talks about all the things that are right in the dichotomy between the “stock market” and the “real economy,” but then goes into all the things that are wrong – namely, that 99% of the time someone is making this distinction, they are doing it wrong, for the wrong reasons, in the wrong way. Understanding what public equity prices measure versus what broad economic data measures is a good thing, but pitting capital against labor is called “Marxism” – and it can be deadly wrong.
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    16 m
  • Episode 225: The Morality of Trade Deficits vs. Central Planning

    Episode 225: The Morality of Trade Deficits vs. Central Planning
    Apr 10 2025
    David looks at the wildest week in global financial markets in the last five years in the context of first principles – how the administration’s choice to lump allies in with adversaries hurt their cause – and how the need to properly define terms and understand basic economic concepts matters.
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    10 m
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