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

Jul 21, 2023 • 0sec
How the Fed Could Bring in a CBDC Through the Back Door
George Gammon, host of the popular Rebel Capitalist show, warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it, being promised safe, high-interest checking accounts at the Fed, just like Jamie Dimon.
The Rebel Capitalist show: Mises.org/HAP405a
Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jul 14, 2023 • 0sec
Exposing the FBI Coverup of Biden Corruption
Robbie "The Fire" Bernstein is a co-host with Dave Smith of the popular podcast Part of the Problem, as well as his own podcast Run Your Mouth. He joins Bob to walk through the shocking and hilarious moves by Biden officials to downplay recent allegations of corruption.
Find More from Robbie Including His Tour Dates: Mises.org/HAP404a
$5.1M Payment to Biden Businesses: Mises.org/HAP404b
Biden Attorneys on The Hunter WhatAspp Message: Mises.org/HAP404c
Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jul 7, 2023 • 0sec
MMT's Warren Mosler Argues Fed Rate Hikes Cause Growth and Inflation
Bob walks through a recent interview of MMT champion Warren Mosler, in which he claims that Fed rate hikes lead to larger government interest expenses and hence support economic growth and inflation. Bob presents both theoretical and empirical evidence against Mosler's claims.
Bob's Debate with Warren Mosler: Mises.org/HAP403a
Bob's Review of Stephanie Kelton: Mises.org/HAP403b
Bob's EconLib Article on Austerity: Mises.org/HAP403c
Technical Article on Why the Treasury Can't Overdraft: Mises.org/HAP403d
Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jun 30, 2023 • 0sec
The Impact of Falling M2 on Prices and Jobs
The Mises Institute's Executive Editor Ryan McMaken joins Bob to discuss his latest article, in which Ryan spells out the state of the M2 money supply and possible implications for consumer prices and an impending recession.
Ryan's Mises.org article on M2: Mises.org/HAP402a
Ryan's QJAE article on the inverted yield curve: Mises.org/HAP402b

Jun 23, 2023 • 0sec
MMT Says Government Debt Makes Private Saving Possible
Mises Institute Fellow Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible." Patrick and Bob point out that these MMT tautologies are very misleading at best. Patrick also lays out the argument in his journal article, saying that MMT's debt monetization won't cause a boom-bust cycle, but will still reduce living standards.

Jun 16, 2023 • 0sec
Why ChatGPT Failed an Economics Exam
University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies.
Bob's article "Superman Needs an Agent:" Mises.org/HAP400a
Steven's Book The Armchair Economist: Mises.org/HAP400b
More Economic brainteasers: Mises.org/HAP400c

Jun 9, 2023 • 0sec
Do Sticky Prices Make the Market Get Stuck?
Jonathan Newman joins The Human Action Podcast to discuss his recent Twitter controversy over the claim that market prices can be "wrong" (i.e. in disequilibrium) if they are "sticky."
Jonathan Newman's Twitter controversy on sticky prices: Mises.org/HAP399a
Joe Salerno on Mises's Monetary Theory: Mises.org/HAP399b
Bagus and Howden on market disequilibrium and sticky prices: Mises.org/HAP399c

Jun 2, 2023 • 0sec
Do People Value Money Because They Need It to Pay Taxes?
Per Bylund joins Bob to discuss his new paper at the QJAE, which points out several flaws in the MMT claim that money is valued in order to pay taxes.
Per's QJAE article: Mises.org/HAP398a

May 26, 2023 • 0sec
Fear-Mongering Over the Debt Ceiling
Heritage Fellow Peter St. Onge joins Bob to set the record straight on several popular talking points about the debt ceiling.
Bob on selling Gov't resources to reduce the National Debt: Mises.org/HAP397a

May 19, 2023 • 0sec
Remembering the Contributions of Lucas and Alchian
Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law & Economics) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die.
Bob and Brian discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.
Brian on Alchian's famous "Costs and Outputs" paper: Mises.org/HAP396a