Mainstream economics is deterministic, holding that economic actors continue to move in one directions, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people engaged in purposeful action.
Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.
Economic sanctions, as a general principle, have a history of failure in the 20th and 21st centuries, which penalize everyday citizens in the sanctioned country.
With the Iran bombing, the US Government is once again embarking on yet another act of war in support of the US empire. The eternal quest to expand the empire will not end well for Americans. Opposing the government‘s wars is a worthy endeavor.
The world has held a close eye on the Strait of Hormuz lately with Israeli and U.S. strikes on Iran. Nearly a quarter of the world's seaborne oil passes through the narrow waterway, and many are worried Iran could shut the strait down. Today on the show, we explore what it would mean for Iran to close off the strait, and what insurance could tell us about tensions in the Middle East.
Related episodes: Oil prices and the Israel-Hamas war (Apple / Spotify) How the 'shadow fleet' helps Russia skirt sanctions (Apple / Spotify)
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As US debt soars and foreign central banks stockpile gold, members of Congress introduce a bill to require a comprehensive audit of America’s gold reserves.
Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.
Ted Cruz’s politics aren’t just conservative, they’re theological. Jonathan Newman explores how dispensationalism shapes US loyalty to the state of Israel.