Category Archives: Economics

The American Mind Episode 119: Fake Money, Real Poverty

Inflation hovers near record highs at 8.3%, the debt skyrockets out of control, and even talking about it can feel like it’s making the problem worse. It gets harder every day even to conceptualize the extent of the economy itself, let alone make moves to counteract its myriad dysfunctions. Meanwhile, Trump is emerging as GOP kingmaker…and more? Spencer and James discuss the failures of central planning from financial markets to digital media platforms, and the hope for a new kind of federalism to set the country on a better course.

Source: The American Mind Podcast: The Roundtable Episode #119 – The American Mind

City Journal’s 10 Blocks Podcast: Pennsylvania’s Future

RealClearPennsylvania editor Charles McElwee joins Theodore Kupfer to discuss economic development in the Lehigh Valley, the political trajectory of the Keystone State, and the race to fill retiring senator Pat Toomey’s seat.

Source: Pennsylvania’s Future: 10 Blocks podcast | City Journal

Myth of the 20th Century Episode 237: The End of History and the Last Man

Published in 1992, political scientist Francis Fukuyama’s ‘End of History’ described a world in which he saw the 70+ year struggle between the authoritarian styles of government meeting an unequivocal end with the collapse of the Soviet Union and the end of the Cold War. What triumphed – principally the American system of ‘liberal democratic capitalism’ – was a model that in many ways proceeded to envelope the rest of the world in the coming years. For this, Fukuyama gets much right, but as the title of the book implies, the notion of an end to all other forms of civilization is questionable, and in the light of the rise of rival development models in Asia and a tentatively resurgent Russia, the thesis appears inaccurate at best, or grossly absurd at worst.

Source: The End of History and the Last Man – Myth of the 20th Century

The Z Blog: Sugar Beans

When you start to develop an audience, you inevitably start getting e-mail and with enough volume you start to see patterns. There are certain topics that come up every week, regardless of what is happening in the world. The number one e-mail topic is the recommendation e-mail. “You should do X” is there every week. Within in that genre, the most popular category is a post or podcast topic. Within that category the number one request is regarding money or economics.

One reason for this is the libertarian-to-dissident pipeline. Lots of people on our side of the great divide were radicalized by libertarianism. They suddenly realized they were nodding along with a middle-aged man dressed in a motorcycle jacket. Despite the trauma of the experience, they brought with them to this side of the great divide their interest in economics. Old habits are hard to break. People trained to engage in politics via the topic of economics like to talk about money.

Another reason economics is popular with many on this side is there is a logic to the operation of an economy. Most dissidents are empirically minded, even those who came here through the religion door. Dissident Christians tend to study Scripture the same way lepidopterist studies butterflies. There is a base assumption that the universe operates within a set of rules. Therefore, dissidents like working the puzzle that is the economics of the modern age.

Of course, economics is downstream from just about everything else, but it is the easiest to see and the easiest to quantify. The world is headed to a global recession because the Global American Empire has declared economic war on a large swath of the world. They also have been swinging a sledgehammer at the rules that have governed the economy for the last few decades. This tantrum of economic destruction is going to occupy our minds a lot in the future.

In the past, I have done shows that touch on the subject of money and its relationship to politics, but usually within the context of another subject. Since the “world’s reserve currency” is in the news a lot lately, I thought a show just on money would be fun and help explain the current global crisis. There are cultural and historical factors driving the war against Russia, but money is once again the root of this evil. The war with Russia is a war over control of global economics.

Source: Sugar Beans | The Z Blog

Myth of the 20th Century Episode 236: Boeing – Troubled Skies

In 2019, Airbus surpassed for the first time Boeing as the largest aerospace company in the world, as two crashes of Boeing’s 737-Max airplane forced a grounding of the fleet and a halt in sales, eventually costing it $20 billion in associated fines and delays. While Boeing maintains a relatively strong overall safety record as measured by crashes per million departures, the production problems with the 787 Dreamliner in the mid 2010s and the recent 737 debacle has cast some doubt as to the management and engineering practices at the century-old American icon of industry. Tonight we delve into the roots of what made the company as successful as it was, as well as some of the key events that arguably led to its current troubles that date back well into the 1990s and beyond.

Source: Boeing – Troubled Skies (Myth20c – Ep236)

Counterflow with Buck Johnson Episode 206: William Anderson on inflation, fuel prices and the economy

My guest this week is Mises Institute Fellow, William Anderson. He is here to breakdown why we are experiencing high prices on fuel, groceries, houses, etc. There are so many talking heads and media outlets pumping inaccurate information out to the public. Bill is here to lay it out as it actually is so that you’re armed with the facts. This is an episode that you can share with friends and family to help them understand the current economic issues we are facing.

Source: Counterflow with Buck Johnson: Ep. 206: Inflation, Fuel Prices, and the Economy, with William Anderson

Know Your Enemy Podcast: The Right Kind of Worker w/Gabriel Winant

Since Donald Trump was elected president — partially on the strength of white working class support in the Rust Belt — we’ve heard that the GOP is a working class party; that liberals sold out American labor to globalized capital; and that American workers are too socially and culturally conservative to remain within the increasingly progressive Democratic tent. According to the populist right, the culture war is itself a class war, waged on behalf of real workers against a secular, libertine professional elite who control the commanding heights of the economy, government, and media.

What’s wrong with this story? Labor historian and essayist Gabriel Winant joins Matt and Sam to answer that question. Using Gabe’s award-winning book The Next Shift: The Fall of Industry and the Rise of Health Care in Rust Belt America as a guide, we tell a different story about working class formation in this country, about the forces that led to the decline of America’s industrial base, and about the prospects for renewing labor’s power relative to capital. Along the way, we take on figures of the newly labor-curious right — Oren Cass, Sohrab Ahmari, and others — explaining how their vision is based on ideologically motivated elisions that seek to resolve rather than energize class conflict. It’s a hot one, folks!