Mises Institute senior fellow Mark Thornton reviews the cases of Portugal and Washington state: have the fears of the prohibitionists been realized?

Nick Giambruno joins Tom to discuss the ongoing crisis in Greece, the state of the world's banking system, and more. Don't miss this episode!

Ron Paul returns to discuss his new book Swords into Plowshares, at once a deeply personal reflection on war and his own career in the military, and also a systematic antiwar broadside. Truly a must-listen.

Liberland is a burgeoning micronation between Croatia and Serbia, and founded on libertarian principles. By popular demand, we talk to two of its top people in today's episode.

I bet a lot of libertarians oppose the war in Afghanistan but couldn't give a lot of details to back up their position. This episode will remedy any such deficiency!

The incomparable Scott Horton discusses ISIS, the neocons' strategy of allying with al Qaeda, the GOP claim that Obama is responsible for ISIS because of the Iraq withdrawal, and much more.

Rand Paul has a tricky road ahead given the current pack of candidates and the issues that are resonating with GOP primary voters this season. Brian Doherty and I discuss Rand's way forward in today's episode!

If there's been a more prolific libertarian journalist of the past 30 years than James Bovard, I don't know who it is. Today we talk about Jim's life and the various federal agencies he's exposed over the years. Not to be missed!

In a recent episode, David Stockman showed just how sluggish the economic recovery has been. But why has it been so sluggish? Wolf von Laer explains precisely how the state has held the economy back.

I was recently a guest on Radio Mises, the podcast of Mises Sweden. We discussed the limits of allowable opinion, religion and liberty, Ron Paul, Sweden's history, decentralization, and much more.

Where does the underclass come from? Poor economic conditions and a lack of opportunity, says the left. It's the incentives of the welfare state, says the right. The correct answer is more subtle, says today's guest.

Libertarians assume Alexander Hamilton is their archenemy, but Michael Malice insists that's not correct. Michael and I have an extremely stimulating exchange of ideas in today's episode!

James Bovard, the author of ten books, is an investigative journalist who has written for a wide variety of publications.

Robert Reich keeps on making consistently fallacious but widely viewed short videos on economic topics. His video demanding a $15 minimum wage is a case in point. Thankfully, you have this episode to help you fight back.

Why is it that despite your excellent arguments, you can't seem to get any traction with a lot of people? Is it enough to appeal to people's reason? Jonathan Haidt offers a provocative argument about how people come to hold their views.

The irreplaceable Walter Williams smacks down the conventional wisdom on everything from so-called white privilege to education, government spending and debt, and much more.

It's not uncommon to hear it said that Jesus was a socialist and that the early Church practiced socialism. None of this is true, and our guest takes us through all the key claims.

The kill rate of American police will surprise you. Ed Stringham gives us the data, as well as the radical libertarian solution.

Politicians and the media try to cram Americans into two categories: red and blue. The real America is so much more interesting, says Bill Kauffman, one of my favorite guests.

Interest in Austrian economics is growing in China, of all places, and our guest, Jing Jin, gives us the inside scoop from Beijing. Plus: political and economic conditions in China, and whether China's growth is real.

Antiwar.com's Angela Keaton, who will be taking the antiwar position in a debate at FreedomFest this year, discusses how to talk to conservatives about war.

We know that's what the Federal Reserve is doing, but precisely how? Mark Thornton gives all the details.

Investor and iconoclast Doug Casey returns to the show to discuss his negotiations to establish a free country in Africa -- plus, he answers the questions you good listeners submitted via my Twitter account!

One reason nobody knows who's a "real conservative" -- and there's even controversy over who's really a libertarian -- is that few people know the history of either of these movements. Jason Jewell walks us through that history and the often rocky but sometimes fruitful relationship between the two groups.

According to the economists of the Austrian School, artificial credit expansion is the primary factor behind the business cycle. Critics have tried to poke holes in the theory, but David Howden shows those holes are just an illusion.

Patrick Newman discusses the depression of the 1870s, which is often cited as evidence of the economic instability of laissez-faire capitalism. It was nothing of the sort, says Newman, who uses Austrian business cycle theory to understand what really happened.

Paul Krugman claims he's gotten everything right in his analysis since the financial crisis, and that his opponents have been dead wrong. Bob Murphy identifies three major areas in which Krugman himself has been dead wrong, and then shows how he's tried to weasel out of them.

Today's episode covers Uber and several other innovations that have chipped away at the pretensions of the state.

According to the conventional wisdom, the Iraq war may have been a bad idea, but "the surge worked." Did it? What do we mean by "worked"? CIA veteran Ray McGovern helps us answer this overlooked question.

Austin Petersen joins me today, and a topic I'd intended to cover in just one portion of the show -- namely, anarchism and minarchism -- became the whole show. You'll enjoy this one, I promise.

Peter Klein and I critique a recent Salon article containing just about every leftist cliche about the rich ever uttered.

For the third year in a row, I was asked to speak on classical liberalism (libertarianism) to the 11th graders in my kids' school, in their Great Ideas course.

James Madison biographer Kevin Gutzman joins Tom to critique the free course on The Federalist offered by the conservative Hillsdale College. Drop everything and listen to this.

The socialist disaster in Venezuela reminds our guest, Carmen Dorobat, of her native Romania during its communist period. Plus, we discuss protectionism at the World Trade Organization and other economic topics.

Predictions of doom, whether because of inadequate food, or acid rain, or poverty -- the list goes on and on -- have consistently been refuted by events. Matt Ridley makes an overwhelming case against the doomsayers, who are still very much with us.

Tom speaks with Mateusz Machaj about the underlying reason Socialism will always fail.

Tom discusses the problems of Marxism with David Gordon.

Supporters of Barack Obama say his economic record is actually quite strong, and that right-wingers simply can't accept that. David Stockman, formerly of the Reagan administration, reduces these claims to rubble, and then destroys the rubble.

Amtrak doesn't need still more money. It needs to be cut off completely.

Tom discusses the tradition of conscientious objection to war: its history, and its ongoing relevance.

Jeff Herbener and Tom review Bryan Caplan's article "Why I Am Not an Austrian Economist."

The so-called millennials were all too happy to pull the level for Obama, but the President represents everything that's making their lives miserable. Diana Furchtgott-Roth joins me to discuss the problems, and what if anything can be done.

Tom talks to business trainer and talk show host Josh Tolley about entrepreneurship, personal freedom, and how to get started.

Finally, on episode 400, Tom -- joined by guest Michael Malice -- discusses Ayn Rand: her philosophy, the good and the bad about Rand and her ideas, Objectivism and libertarianism, and more.

Tom discusses the Russian Revolution and its horrific aftermath, including the real-life consequences of instituting communist policy.

Richard Ebeling makes the case for free trade, and for skepticism about the Trans-Pacific Partnershp currently being negotiated.

Here's the speech I gave at Ron Paul's Rally for the Republic in 2008. He held this event down the street from the Republican Convention, which was in the process that week of nominating John McCain. One of the most thrilling moments of my life.

Scott Horton joins Tom to look at the ongoing controversy over the Iran nuclear agreement. Plus, Tom and Scott discuss the strategy that makes the most sense for Rand Paul.

Today is the official launch of the Empire of Lies: The Ron Paul Documentary project. Ron Paul hasn't approved or collaborated with any such story of his life -- until now.

If there's an economic phenomenon that terrifies all of official opinion, and even some free-market economists, it's deflation. Our guest, the author of a brand new book on the subject, strongly disagrees. Listen in!

How do we reach people with our message? Michael Malice and I have another of our fun, free-flowing discussions.

For fifteen solid years we've had one form of stimulus or another, and the results do not impress. For the true believer, this means we need more stimulus. For the rest of us, it's time to try something else.

Tom and famed investor Doug Casey are interviewed on the McQuistion PBS program about anarchism and the state.

How bad is American education? Worse than you think. Alex Newman walks us through the crazy math, the crazy reading strategies, the behavioral drugs, and the historical origins of it all.

Carbon taxes are a free-market way of dealing with climate change and averting disaster, says a prominent policy analyst. Economist Bob Murphy doesn't let him get away with it.

Here's the evidence.

Few topics are more foundational to libertarianism than rights. What are rights? How can we derive them? And do they extend beyond human beings? We explore these and other questions in today's episode.

Terms like fascist and fascism get thrown around indiscriminately by people who know how toxic they are and who want to demonize their opponents. But almost nothing and no one accused of fascism these days has the slightest connection to genuine fascism, and the result is confusion. What was fascism really all about? Paul Gottfried joins us for a lesson in intellectual history.

We hear a lot of talk about "equality of opportunity." But is there or could there be such a thing? This apparently benign idea, if taken seriously, would yield innumerable horrors, argues George Reisman in today's episode.

Hal Elrod's story will stun you -- in a terrible car accident at age 20, he was dead for six minutes, and when he did revive, he was told he'd never walk again. He went on to run a 52-mile ultra-marathon. And he developed the Miracle Morning, a morning action plan that has changed countless lives. Have a listen!

The conventional wisdom on presidential war powers is dangerously mistaken. Today I talk to one of the country's foremost experts, to set the record straight.

Ron Paul used to talk quite a bit about "the remnant." Few knew what he meant. But when you find out, it's almost eerie. Have a listen!

As the Brazilian economy has cooled off and public discontent is mounting, recent economic policy in Brazil is coming under increasing scrutiny. In today's episode we get to the bottom of what's really going on -- plus the "less Marx, more Mises" protests!

PressTV is a 24-hour English-language news network in Iran. It is state-owned, but independent of the state in its management. PressTV's Susan Modaress has interviewed me twice; this was the first time.

What a delight to be joined by John Tamny on the launch day of his excellent new book! We hit lots of hot-button topics, and you'll enjoy John's compelling, informed, and entertaining answers.

Discussions of spreading democracy in the Middle East always come back to Germany and Japan — if it can be done there, the argument goes, it can be done anywhere. Christopher Coyne discusses the flaws in this argument.

It still amazes me that an anti-Fed book spent two and a half months as a national bestseller. And I spent that time explaining the Fed to all kinds of new audiences as a result. I hope you enjoy my story about it all!

We could all stand to be more productive, but we need specifics, not the platitudes we find in the typical productivity and self-improvement literature. That's where the great Ari Meisel comes in.

Tom discusses a variety of issues: environmentalism and American Indians, the allegedly laissez-faire Herbert Hoover, and the true nature of Social Security.

Host of This Event

Mises Institute

Book Mentioned

33 Questions About American History You're Not Supposed to Ask

Related Article

"What Austrian Economics Can Teach Historians," by Tom Woods (Quarterly Journal of Austrian Economics, vol. 11. no. 3, 2008)

Resource

LearnAustrianEconomics.com

Resource Page

World War II and American Prosperity (smashes this myth)

Related Episodes

Ep. 137 Questions You're Not Supposed to Ask

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). I am producing courses for this curriculum. Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Previous Guest's Special Offer

Don't forget about Overstock's Club O discount club (free shipping on every order, plus discounts from 5% to 40%), which normally costs $19.95, for free by emailing Patrick directly at patrick -at- overstock dot com and saying you heard the offer on the Tom Woods Show!

Act fast -- you have only until April 10!

Overstock.com CEO Patrick Byrne discusses libertarianism, his friend Warren Buffett, the revolutionary potential of the blockchain, and more.

About the Guest

Patrick Byrne is CEO of Overstock.com.

Guest’s Website

Overstock.com

Guest’s Special Offer

Join Overstock’s Club O discount club (free shipping on every order, plus discounts from 5% to 40%), which normally costs $19.95, for free by emailing Patrick directly at patrick -at- overstock dot com and saying you heard the offer on the Tom Woods Show!

Act fast — you have only until April 10!

Guest’s Twitter

@OverstockCEO

Video Mentioned

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

Like the new TomWoods.com? It was designed by my friends at Studio 1 Design. They’ve agreed to give my listeners 10% off any design project through this special link.

About the Guest

Joseph T. Salerno is academic vice president of the Mises Institute and a professor of economics at Pace University.

Paper Discussed

“A Modest Proposal for Reining in the Bernanke Fed”

Guest’s Book

Money: Sound and Unsound

Festschrift

The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno (PDF)

Guest’s Twitter

@jtsale

Related Episodes

Ep. 361: Against Market Monetarism and NGDP Targeting (Joe Salerno)
Ep. 206: Austrian Potpourri (Joe Salerno)

Special Offers

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Here are 26 reasons to adopt Ron Paul’s K-12 homeschool curriculum today (and 4 not to). I produce courses for this curriculum. Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Article Mentioned

“Is Indiana Protecting Discrimination?” by Josh Blackman

Related Episodes

Ep. 82: Walter Williams on Nullification, Secession, and More
Ep. 80: Libertarians Are Scary! (Jacob Hornberger)

Book Mentioned

Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion, by Tom Woods

GET YOUR FREE AUDIOBOOK

Special Offers

Get my FREE eBook, 14 Hard Questions for Libertarians — Answered!

We now have 12 courses at LibertyClassroom.com! Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to anywhere. Take 30% off a year’s subscription with coupon code SHOW (all caps).

About the Guest

Alex Tabarrok holds the Bartley J. Madden Chair in Economics at the Mercatus Center and is a professor of economics at George Mason University.

Paper Discussed

“Lessons from Gurgaon, India’s Private City” by Shruti Rajagopalan and Alexander Tabarrok, in Cities and Private Planning: Property Rights, Entrepreneurship and Transaction Costs, eds. David Emanuel Andersson and Stefano Moroni

Books by the Guest

Entrepreneurial Economics: Bright Ideas from the Dismal
Science
The Voluntary City: Choice, Community, and Civil Society (with
David Beito and Peter Gordon)
Changing the Guard: Private Prisons and the Control of Crime

Guest’s Website

AlexTabarrok.com

Guest’s Twitter

@ATabarrok

Guest’s Blog

Marginal Revolution

Related Episode

Ep. 363 It’s Happening: Seasteading — Liberty Through Floating Cities (Joe Quirk)

Special Offers

Learn from Tom on the go at LibertyClassroom.com! Discover the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to anywhere. Take 30% off a year’s subscription with coupon code SHOW (all caps).

Click here to get your copy of my free eBook: 14 Hard Questions for Libertarians — Answered!

About the Guest

Stephan Kinsella is a registered patent attorney, lecturer, and author. He is the Director of the Center for the Study of Innovative Freedom, Founding and Executive Editor of Libertarian Papers, and blogger at The Libertarian Standard.

Related Links

“Argumentation Ethics and Liberty: A Concise Guide,” by Stephan Kinsella
“Argumentation Ethics, Estoppel, and Libertarian Rights: Transcript” by Stephan Kinsella
“Argumentation Ethics, Estoppel, and Libertarian Rights: Adam Smith Forum, Moscow” by Stephan Kinsella
“Argumentation Ethics and Liberty: A Concise Guide” by Stephan Kinsella
“Argumentation Ethics and Liberty: A Concise Guide (Audio)” by Stephan Kinsella
“Libertarian Legal Theory: Property, Conflict, and Society: Lecture 1: Libertarian Basics: Rights and Law” by Stephan Kinsella
“Libertarian Legal Theory: Property, Conflict, and Society: Lecture 2: Libertarian Basics: Rights and Law-Continued” by Stephan Kinsella
“Argumentation Ethics and the Philosophy of Freedom,” by Frank van Dun

Books by the Guest

Against Intellectual Property
International Investment, Political Risk, and Dispute Resolution: A Practitioner’s Guide
Protecting Foreign Investment Under International Law: Legal Aspects of Political Risk

Guest’s Websites

StephanKinsella.net
KinsellaLaw.com

Guest’s Twitter

@NSKinsella

Guest’s Podcast

Kinsella on Liberty

Special Offers

Learn from Tom on the go at LibertyClassroom.com! Discover the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to anywhere. Take 30% off a year’s subscription with coupon code SHOW (all caps).

Click here to get your copy of my free eBook: 14 Hard Questions for Libertarians — Answered!

Book Discussed

James Madison and the Making of America

Other Books by the Guest

The Politically Incorrect Guide to the Constitution
Virginia’s American Revolution: From Dominion to Republic, 1776-1840
Who Killed the Constitution? The Fate of American Liberty from World War I to Barack Obama (with Tom Woods)

Guest’s Website

KevinGutzman.com

Guest’s Twitter

@KevinGutzman

War has all the features we associate with a government program: propaganda, lies, central planning, power grabs, cronyism, centralization, taxes, debt, erosion of liberty, and unintended consequences. Check out today’s episode for the full case.

Host of This Event

Mises Institute

Page Mentioned

Readings and video to accompany this episode: tomwoods.com/readings

Resource Page

War and Conservatism

Special Offers

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Whether his colleagues like it or not, Paul Krugman is the public face of the Keynesian establishment.  Replying to Krugman, therefore, involves more than criticizing just one person. Today Bob Murphy takes apart Krugman’s most recent New York Times column, in which he tries to defend Keynesianism against critics.

About the Guest

Robert P. Murphy holds a Ph.D. in economics from New York University. He is the author of numerous books (see below), including study guides to Ludwig von Mises’ Human Action (study guide here) and The Theory of Money and Credit (study guide here), and Murray Rothbard’s Man, Economy, and State (study guide here).

Articles Discussed

“Anti-Keynesian Delusions,” by Paul Krugman
“My Reply to Krugman on Austrian Business-Cycle Theory,” by Bob Murphy

Related Link

“Krugman and the Babysitters,” by David Gordon

Guest’s Blog

Free Advice

Books by the Guest

Lessons for the Young Economist (free textbook; click here for a free teacher’s manual)

Chaos Theory (available free)

Understanding Bitcoin (with Silas Barta; available free)

The Politically Incorrect Guide to Capitalism (also available as an audiobook)

The Politically Incorrect Guide to the Great Depression and the New Deal (also available as an audiobook)

GET YOUR FREE AUDIOBOOK

Guest’s Twitter

@BobMurphyEcon

Guest’s Facebook

Robert Murphy

Episode Mentioned

Ep. 361: Against Market Monetarism and NGDP Targeting (Joseph Salerno)

Related Episodes

Ep. 291: Japan: Failed Keynesian Experiment (Robert Murphy)
Ep. 118: Boom and Bust: The Cause (David Howden)
Ep. 24: Keynes and His Errors (G.P. Manish)

Special Offers

Bob Murphy is joining the faculty at Liberty Classroom this year! Learn from Bob in courses you can listen to on the go, plus live Q&A sessions and more. Twelve courses teaching the history and economics we didn’t learn in school await you already. Join us, using coupon code SHOW (all caps) for a special discount.

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

About the Guest

Mark Thornton, a senior fellow of the Mises Institute, is book review editor of the Quarterly Journal of Austrian Economics and teaches economics at Auburn University.

Paper Discussed

“Transparency or Deception: What the Fed Was Saying in 2007,” by Mark Thornton; available for download soon

Books by the Guest

Tariffs, Blockades, and Inflation: The Economics of the Civil War (with Robert Ekelund)
The Economics of Prohibition
The Quotable Mises

Guest’s Twitter

@DrMarkThornton

Related Episodes

Ep. 346: The Fed Caused the Meltdown
Ep. 158: The Fed and the 1% (Mark Thornton)
Ep. 118: Boom and Bust: The Cause (David Howden)

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

Need inexpensive web hosting? Get a discounted rate at Bluehost — just $3.95 per month! — for TomWoods.com visitors by using this special link.

Disclosure: Some of the links on this page, like the Amazon links above, are affiliate links, which means I earn a commission if you click through and buy something. So if you do, do so in the happy knowledge that at no extra cost to yourself, you are helping the Tom Woods Show!

About the Guest

Adam Vass Gal teaches economics at Belmont University, and has worked in financial services for 12 years.

Book Discussed

Generational Poverty: An Economic Look at the Culture of the Poor

Other Book by the Guest

A Corrected Economic Republic

Guest’s Twitter

@AdamVassGal

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

Need inexpensive web hosting? Get a discounted rate at Bluehost — just $3.95 per month! — for TomWoods.com visitors by using this special link.

Disclosure: Some of the links on this page, like the Amazon link above, are affiliate links, which means I earn a commission if you click through and buy something. So if you do, do so in the happy knowledge that at no extra cost to yourself, you are helping the Tom Woods Show!

About the Guest

Stephen Halbrook is a lawyer known for his involvement in Second Amendment and gun control litigation, and is the author of numerous books on these subjects.

Books by the Guest

The Founders’ Second Amendment
Gun Control in the Third Reich

Guest’s Website

StephenHalbrook.com

Related Episodes

Ep. 168: More Guns, Less Crime (John Lott)
Ep. 85: The Real Second Amendment (Stephen Halbrook)
Ep. 7: Guns 101 (Larry Pratt)

About the Guest

Joe Quirk is a bestselling author and director of communications for the Seasteading Institute.

Links

The Seasteading Institute
8 Ways Seasteading Can Improve the World
Plan for the first floating city by 2020
Architectural design contest

Videos

Facebook

The Seasteading Institute

Twitter

@seasteading

About the Guest

Sean Gabb is director of the Libertarian Alliance, based in the U.K. He is the author of many books, including six historical novels under the name Richard Blake. He holds a Ph.D. in political and intellectual history from the University of Middlesex, and currently resides in Kent.

Guest’s Websites

SeanGabb.co.uk
The Libertarian Alliance

Guest’s Twitter

@GabbSean

Books by the Guest

The Break
Cultural Revolution, Culture War

Special Offers

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

About the Guest

Joseph T. Salerno is academic vice president of the Mises Institute and a professor of economics at Pace University.

Festschrift

The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno (PDF)

Guest’s Book

Money: Sound and Unsound

Guest’s Twitter

@jtsale

Articles Mentioned

“Nominal GDP Targeting: New-Fangled Monetarism or Old-Fashioned Keynesianism?” by Shawn Ritenour
“A Simple Model of the Theory of Money Prices,” by Joseph T. Salerno
Larry White on NGDP Targeting

About the Guest

James R. Otteson is executive director of the BB&T Center for the Study of Capitalism, and Teaching Professor of Political Economy, at Wake Forest University in Winston-Salem, North Carolina. He is also a Senior Scholar at the Fund for American Studies in Washington, DC, a Research Professor in the Freedom Center and Department of Philosophy at the University of Arizona, and a Research Fellow at the Independent Institute in California.

Professor Otteson was recently named the Thomas W. Smith Presidential Chair in Business Ethics at Wake Forest University School of Business.

Guest’s Websites

JamesOtteson.com
BB&T Center for the Study of Capitalism, at Wake Forest University

Books by the Guest

The End of Socialism
What Adam Smith Knew: Moral Lessons on Capitalism from Its Greatest Champions and Fiercest Opponents

Guest’s Twitter

@jroii

Related Episodes

Ep. 337: The Fatal Errors of Socialism (James Otteson)
Ep. 325: Are Corporations Un-Libertarian? (Stephan Kinsella)
Ep. 119: The Environment and the Market (Walter Block)

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

Like the new TomWoods.com? It was designed by my friends at Studio 1 Design. They’ve agreed to give my listeners 10% off any design project through this special link.

Host of This Event

Mises Institute

Related Article

“What Austrian Economics Can Teach Historians,” by Tom Woods (Quarterly Journal of Austrian Economics, vol. 11. no. 3, 2008)

Resource

LearnAustrianEconomics.com

Resource Page

World War II and American Prosperity (smashes this myth)

Special Offers

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). I am producing courses for this curriculum. Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

About the Guest

Michael Strong is an author, a co-founder of Radical Social Entrepreneurs, and the founder of numerous Socratic, Montessori, and Paideia schools.

Article Discussed

“My Libertarian Vacation Nightmare: How Ayn Rand, Ron Paul and Their Groupies Were All Debunked,” by Edwin Lyngar

Articles in Favor of Free Zones

“The Blank Slate State,” by Brian Doherty
“The Legal Autonomy of the Dubai International Financial Centre: A Scalable Strategy for Global Free-Market Reforms,” by Michael John Strong and Robert Himber

Guest’s Book

Be the Solution: How Entrepreneurs and Conscious Capitalists Can Solve All the World’s Problems

Guest’s Website

Radical Social Entrepreneurs

Guest’s Blog

The Purpose of Education

Guest’s Twitter

@flowidealism

Special Offers

If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, at TomWoodsAudio.com.

Like the new TomWoods.com? It was designed by my friends at Studio 1 Design. They’ve agreed to give my listeners 10% off any design projectthrough this special link.

Article Discussed

“The Keynesian Multiplier Concept Ignores Crucial Opportunity Costs,” by William J. Boyes

Guest’s Website

Center for the Study of Economic Liberty

Related Episodes

Ep. 118: Boom and Bust: The Cause (David Howden)
Ep. 24: Keynes and His Errors (G.P. Manish)

Special Offers

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). I am producing courses for this curriculum. Sign up through this linkand I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Woods Book Mentioned

The Church and the Market: A Catholic Defense of the Free Economy (10th Anniversary Edition)

Other Books Discussed

Economics in One Lesson, by Henry Hazlitt

GET YOUR FREE AUDIOBOOK

Catholic Social Teaching and the Market Economy, ed. Philip Booth (this book contains my essay on the living wage; click here to download a free PDF of the whole book)

Related Episodes

Ep. 179: The Late Scholastics: Christians for Freedom (Alejandro Chafuen)
Ep. 54: Pope Francis on Capitalism

Special Offers

Need inexpensive web hosting? Get a discounted rate at Bluehost — just $3.95 per month! — for TomWoods.com visitors by using this special link.

Here are 26 reasons to adopt Ron Paul’s K-12 homeschool curriculum today (and 4 not to). I produce courses for this curriculum. Sign up through this linkand I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Disclosure: Some of the links on this page, like the Amazon links above, are affiliate links, which means I earn a commission if you click through and buy something. So if you do, do so in the happy knowledge that at no extra cost to yourself, you are helping the Tom Woods Show!

Topics Discussed

• The Industrial Revolution
• The New Deal
• Anttitrust
• Monopoly
• The Marshall Plan

Host of This Event

Mises Institute

Book Mentioned

Capitalism and the Historians, ed. F.A. Hayek

Related Episodes

Ep. 273: The Case Against Antitrust (Tom DiLorenzo)
Ep. 248: One Year of the Tom Woods Show! Tom Takes on More Myths
Ep. 237: Why Are We So Rich? (Deirdre McCloskey)
Ep. 232: The Robber Barons and Monopoly
Ep. 97: New Deal or Raw Deal? (Burton Folsom)

Special Offers

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount. (This is not the same thing as the Ron Paul homeschool curriculum, on which more below.)

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). I am producing courses for this curriculum. Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Are we making progress, holding steady, or retrogressing? Frank Karsten returns to make the case for libertarian optimism!

About the Guest

Frank Karsten is chairman of Mises Instituut Nederland and of the Stichting Meer Vrijheid (More Freedom Foundation), a Dutch libertarian organization which acts to reduce taxes and government intervention.

Book Mentioned

Beyond Democracy: Why Democracy Does Not Lead to Solidarity, Prosperity and Liberty But to Social Conflict, Runaway Spending and a Tyrannical Government, by Frank Karsten and Karel Beckman

Project Mentioned

Ron Paul Homeschool Curriculum

Guest’s Website

BeyondDemocracy.net

Guest’s Twitter

@FrankKarsten

Books Recommended by the Guest

The Ultimate Resource 2, by Julian Simon
It’s Getting Better All the Time: 100 Greatest Trends of the Last 100 Years, by Stephen Moore
The Skeptical Environmentalist, by Bjørn Lomborg
In Defense of Global Capitalism, by Johan Norberg

Related Episode

Ep. 156: Against the Catastrophists (Robert Bryce)

Special Offers

I’ve just released another free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Like the new TomWoods.com? It was designed by my friends at Studio 1 Design. They’ve agreed to give my listeners 10% off any design project through this special link.

Guest’s Website

Ron Paul Institute for Peace and Prosperity

Guest’s Twitter

@DanielLMcAdams
@RonPaulInstitut

Guest’s Facebook

Ron Paul Institute

Articles Mentioned

“Netanyahu and the Crumbling Israeli Lobby,” by Jon Basil Utley
“Factchecking Netanyahu: An Annotated Guide to the Israeli P.M.’s Speech to Congress”

Video Series Mentioned

Ron Paul Liberty Report (click here for a recent episode)

Special Offers

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). I am producing courses for this curriculum. Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Book Discussed

Progressivism: A Primer on the Idea Destroying America, by James Ostrowski

Book Mentioned

Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion, by Tom Woods

GET YOUR FREE AUDIOBOOK

Guest’s Website

LibertyMovement.org

Guest’s Twitter

@JimOstrowski

Special Offers

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). I am producing courses for this curriculum. Sign up through this linkand I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

What’s wrong with “net neutrality”? Economist Peter Klein joins us to discuss the bad economics behind this fashionable idea.

Articles Mentioned

“Government Did Invent the Internet, but the Market Made It Glorious,” by Peter G. Klein
“The Myth of Natural Monopoly,” by Thomas J. DiLorenzo (PDF)

Episodes Mentioned

Ep. 91: No, Marx Was Wrong (Peter Klein)
Ep. 90: Was Marx Right? (Peter Klein)

Related Episodes

Ep. 333: Could There Have Been an Internet without the State? (Richard Bennett)
Ep. 174: Net Neutrality: A Libertarian View (Berin Szoka)

Guest’s Facebook

Professor Peter G. Klein

Guest’s Twitter

@PeterGKlein

Guest’s Professional Page

Peter G. Klein

Guest’s Blog

Organizations and Markets

Special Offers

I’ve just released another free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Like the new TomWoods.com? It was designed by my friends at Studio 1 Design. They’ve agreed to give my listeners 10% off any design projectthrough this special link.

Host of This Event

Mises Institute

Book Discussed

Who Killed the Constitution? The Fate of American Liberty from World War I to Barack Obama, by Tom Woods and Kevin Gutzman

Other Books Mentioned

33 Questions About American History You’re Not Supposed to Ask, by Tom Woods
The Politically Incorrect Guide to American History, by Tom Woods (also available as an audiobook)

GET YOUR FREE AUDIOBOOK

Related Episode

Ep. 89: The Supreme Court and the 3×5 Card (Kevin Gutzman)

Special Offers

Get my FREE eBook, 14 Hard Questions for Libertarians — Answered!

We now have 12 courses at LibertyClassroom.com! Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to anywhere. Take 30% off a year’s subscription with coupon code SHOW (all caps).

Murray Rothbard was so productive that new books of his continued to appear even after his death. I had the privilege of writing the introduction to one of them, and I discuss it in today’s episode.

Book Discussed

The Betrayal of the American Right, by Murray N. Rothbard (edited with an introduction by Tom Woods)

Introduction

Click here to read my introduction to this book.

Articles Mentioned

“A Strategy for the Right,” by Murray N. Rothbard (my own introduction to Rothbard’s work)
“Rothbard’s Time on the Left,” by John Payne (PDF)

Related Episodes

Ep. 242: Murray Rothbard: His Life and Work (Lew Rockwell)
Ep. 41: How Murray Rothbard Changed My Mind on War

Special Offers

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Here are 26 reasons to adopt Ron Paul’s K-12 homeschool curriculum today (and 4 not to). I produce courses for this curriculum. Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Guest’s Websites

FairDUI.org
WRedlich.com

Guest’s Book

Fair DUI: Stay Safe and Sane in a World Gone MADD

Video Mentioned

Guest’s Facebook

Fair DUI

Guest’s Twitter

@TrafficCourt

Related Episode

Ep. 5: The DUI Racket (Warren Redlich)

Special Offers

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

Issues Discussed

• Tesla: crony capitalism?
• What’s the $9800 car we’re not allowed to buy?
• Can I build my own car to avoid government regulation?
• What about private highways?
• How often does a modern car need an oil change?
• What are some areas of car maintenance most people neglect?
• What kind of damage does ethanol do?
• Why do labor and supplies at the dealership cost more than at a third-party provider?

Guest’s Website

EPAutos.com

Guest’s Twitter

@LibertarianCarG

Articles Mentioned

“The Fumes of the Founding”
“GM’s $9800 Car…The One We’re Not Allowed to Buy”
“Neglected Maintenance”
“Machine Gunning a Tesla”

Related Episodes

Ep. 259: Cars, Government Regulation, and More (Eric Peters)
Ep. 241: Government and Your Car (Eric Peters)

Special Offers

Get the Kindle edition of my new book Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion as one of the large number of perks you get as a Supporting Listener of the show!

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Book Discussed

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse, by Tom Woods

GET YOUR FREE AUDIOBOOK

Ron Paul’s Foreword

Click here to read Ron Paul’s foreword to Meltdown.

Related Episodes

Ep. 271: The Truth About the Crash of ’08
Ep. 118: Boom and Bust: The Cause (David Howden)

Special Offers

Like the new TomWoods.com? It was designed by my friends at Studio 1 Design. They’ve agreed to give my listeners 10% off any design project through this special link.

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Organizer of This Event

Mises Institute

Video of This Event

Economic Cycles Before the Fed

Resource Page

Economic Cycles Before the Fed

Special Offers

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!

Learn the history and economics they didn’t teach you, from professors you can trust and in courses you can listen to on the go at my Liberty Classroom. Plus live Q&A sessions, recommended readings, and more. Join us, using coupon code SHOW (all caps) for a special discount.

Here’s a basic overview of the economic and moral imperatives behind the free market. I think it’s pretty convincing, but then since I’m the speaker, I suppose I would. (No YouTube versions of the episodes from yesterday through Monday, since it would be redundant to create them.)

Organizer of This Event

Saint Charles County Liberty Project

Video of This Event

Why Economic Freedom? Here’s Why

Essay Mentioned

“Economic Calculation in the Socialist Commonwealth,” by Ludwig von Mises

Special Offers

Here are 26 reasons to adopt Ron Paul’s homeschool curriculum today (and 4 not to). Sign up through this link and I’ll send you a FREE 10-lesson bonus course on the foundations of liberty, in time for the 2015-2016 academic year! Just drop me a line once you’ve signed up and I’ll get it to you.

I’ve just released a brand new, free eBook: 14 Hard Questions for Libertarians — Answered. Click here to get your copy!