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A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
Original article: Wealth Generation and the Market Economy
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Caleb O. Brown hosted the Cato Daily Podcast for nearly 18 years, producing well over 4000 episodes. He has gone on to head Kentucky’s Bluegrass Institute. This is one among the best episodes produced in his tenure, selected by the host and listeners.
In assessing the legacy of Mitch McConnell as a Republican leader in the U.S. Senate, it’s important to include his large role in radically reducing the regulation of Americans’ political speech. Cato’s John Samples explains.
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Warren Buffett has announced he is stepping down as CEO of his company, Berkshire Hathaway.
Buffett is one of the richest people in the world, and is widely held up as the greatest investor who ever lived. He?s also been remarkably critical of other masters of the financial universe.
Tim Harford talks to Financial Times journalist Robin Wigglesworth, author of the book Trillions, about Buffett?s money making method, and how he used a massive bet to make a point about hedge funds.
Presenter: Tim Harford Producer: Tom Colls Production co-ordinator: Brenda Brown Sound Mix: Giles Aspen Editor: Richard Vadon