Mises Institute

Part Two: Gratuitous Goods in a Free Economy Chapter 8 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook. From pp. 247–260 in the print edition.

Explore the pivotal role of side-effect goods in driving economic growth and the spontaneous creation of services in market exchanges. Delve into Aristotelian justice, emphasizing fairness in resource distribution and the importance of quantitative equality. Gain insights into market exchanges through the lens of value equality, addressing the significance of property rights. Examine labor as a measure of value, critiquing exploitation within capitalist systems. Finally, uncover how positive externalities contribute to market functionality, challenging traditional economic perspectives.

Two reasons why Trump won't/can't get rid of the IRS: 1. It's political suicide to get rid of payroll taxes. 2. Tariff revenue isn't nearly enough to fund the federal government at the levels the welfare/spending-addicted voters demand. Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL

The federal government didn't take charge of immigration policy until the 1880s. In the early republic, almost everyone agreed that immigration policy was a matter for the states. Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25. Register for our Revisionist History of War Conference now at https://mises.org/rhw Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug  PROMO CODE: RothPod for 20% off

The discussion delves into how President Trump's tariffs may influence economic conditions but aren't the root cause of impending recessions. Instead, it highlights years of artificial credit expansion as the real culprit behind financial downturns. Historical perspectives on recessions are examined, emphasizing the significance of understanding systemic issues and malinvestment to better navigate future economic challenges.

Is the silver market a victim of price manipulation, or are there other forces at play? Mark Thornton explores the often-misunderstood economics of silver, delving into the theory of "joint supply" to explain why silver prices can sometimes defy conventional wisdom. Mark examines how silver, often a byproduct of other mining operations, can experience a "silver lining" effect during economic downturns, potentially rising in value when other commodities fall. Forget the conspiracy theories for a clear-eyed look at the economic realities that shape the silver market. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Organizations like the European Union and the United Nations are inventions of government elites and are designed to serve the interests of government elites. They centralize political power and do nothing to advance peace or freedom. Discussed on the Show: “We Can’t Fix International Organizations like the WTO. Abolish Them.” by Joseph Solis-Mullen: https://Mises.org/RR_233_A “Subsidiarity and Secession: Bringing the Austrian School to the 21st Century” by Marcos Falcone: https://Mises.org/RR_233_B Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25. Register for our Revisionist History of War Conference now at https://mises.org/rhw Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug  PROMO CODE: RothPod for 20% off

President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either the law of supply and demand does not apply to trade or that the American public will be uncharacteristically fine with higher prices. Read the article here: https://mises.org/mises-wire/trumps-liberation-day-tariffs-are-mistake The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

International trade is the topic du jour. Mark Thornton shares his recent presentation at the Austrian Economics Scholars Conference about a timely and important book featuring many of your favorite authors, Free Trade in the Twenty-First Century: Economic Theory and Political Reality. “Why Smart People Are Rightly Confused About Tariffs” (Unanimity Podcast): https://Mises.org/U4 "Tariff Increases vs. Tax Cuts" (Minor Issues Podcast): https://Mises.org/MI_107 *Free Trade in the Twenty-First Century: Economic Theory and Political Reality*, edited by Max Rangeley and Daniel Hannan: https://Mises.org/MI_113_Book April 26 in Phoenix, Arizona, Dr. Robert Malone, Tom Woods, and Tom DiLorenzo will discuss the psychological operations in bureaucratic control, the madness of covid-era “public health,” and the corruption and hypocrisy of our federal bureaucracy. Enter for your chance to win a free ticket at https://mises.org/phoenixraffle25. The deadline is April 1. Winners will be announced the week of April 7. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

It’s been five years since the covid lockdowns of 2020. Ryan McMaken and Tho Bishop take a look at the lessons we learned about the regime, medical staff, and libertarians during one of history’s biggest abuses of state power. Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25. Register for our Revisionist History of War Conference now at https://mises.org/rhw Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off