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Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must be based upon causal-realism.
Original article: The Relevance of the Natural Sciences Methods in Economics
Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society and is morally unacceptable, but in reality, it is necessary for division of labor, which enables social cooperation.
Original article: Wealth and Income Inequality Are Essential for Social Cooperation
Critics of free markets claim that the 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state only got stronger.
Original article: “NAFTA Fever” and the Myth of Government-Created Free Markets
The great free-market classical liberal William Leggett believed that Americans do not need politicians telling us on which days Americans ought to be thankful.
Original article: Thanksgiving Day
Economist Bryan Caplan has held up the United Arab Emirates as an example of how open borders can be successful. Caplan clearly does not understand how immigration works in the UAE.
Original article: Caplan’s Errors on the UAE and Open Borders
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President-elect Donald Trump made good on his promise late Monday to sue The Des Moines Register, the newspaper's former pollster, Ann Selzer, and the paper's parent company, Gannett. His lawyers argue that Selzer's early November poll showing Vice President Kamala Harris beating Trump in Iowa amounted to "election interference." The suit comes on the heels of ABC News' decision to pay $15 million to settle a defamation lawsuit brought by Trump. Dylan Byers, media reporter and founding partner of Puck News, explains what it could mean for coverage of Trump's second term.
Later in the show, Crooked correspondent and longtime climate reporter Stephanie Ebbs breaks down the Biden Administration's rush to spend funds for clean energy projects tied to the Inflation Reduction Act.
And in headlines: Virginia Rep. Gerry Connolly beat New York Rep. Alexandria Ocasio Cortez in the contest to be the top Democrat on the House Oversight Committee, the UnitedHealthcare CEO shooting suspect is charged with murder, and Ukraine claimed credit for the killing of a senior Russian general in Moscow.
Show Notes:
What ABC’s huge defamation settlement with Donald Trump says about the state of the media, heading into Trump’s second term.
Guest: David Folkenflik, media correspondent for NPR.
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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme and Rob Gunther.
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