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President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.
Original article: We Desperately Need Sound Money, Not Tariffs
Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.
Original article: The Pretense of Knowledge
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.
Original article: Should Central Banks Accommodate Increases in Demand for Money?
Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish.
Original article: Is the Fed Loosening or Tightening? It’s Complicated.
by A.E. Stallings
James B. Meigs joins the podcast to talk about the DC plane-helicopter collision and what it tells us about disasters, after which we examine the RFK-Gabbard-Patel confirmation hearings and what they tell us about the state of conspiracy theorizing in the United States. Give a listen.
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Organized crime wasn’t always so organized.
In the early 20th century, in New York, what we would call the mafia was rather unorganized. There were competing groups, and while the individual groups had an organization, there was anarchy among them.
There was a war between some of the crime organizations, and when the dust settled, all of the major mafia groups in New York City had found a way to work together, or at least not openly feud.
Learn more about New York’s Five Families and the creation of the commission on this episode of Everything Everywhere Daily.
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Finally, a president willing to blame a devastating air crash on diversity hiring and two of his predecessors! Nearly two weeks into his second term, Trump continues to sow bitterness, fear, and chaos everywhere he turns: issuing a spending freeze so drastic and haphazard that his team has to rescind it after three days, demanding that more than two million federal workers resign or face loyalty tests, and vowing to send 30,000 immigrants to Guantanamo Bay. Meanwhile, three of his most extreme cabinet picks face tough questions in their confirmation hearings—but will it matter? Jon and Dan reflect on a dismal week, what's next, and signs of life in the opposition party. Then, Jon checks in with Senator Chris Murphy about the threats that Democratic leaders are getting, and why it's so important to fight back anyway.
For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.