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...learning the classics of free market economics and politics.

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Podcast Episode's:
32. Economic Depressions: Their Cause and Cure, pt. 2
Why do recessions occur? What causes the business cycle? When we have a recession, why is it that the capital goods industries are affected much more than consumers goods industries? What has the central bank got to do with it? Rothbard’s essay on economic depressions explores the Misesian framework of the Austrian Business Cycle Theory.… <span class="read-more"><a href="http://www.essenceofeconomics.com/32/">Read More »</a></span>
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31. Economic Depressions: Their Cause and Cure, pt. 1
Why do recessions occur? What causes the business cycle? When we have a recession, why is it that the capital goods industries are affected much more than consumers goods industries? What has the central bank got to do with it? Rothbard’s essay on economic depressions explores the Misesian framework of the Austrian Business Cycle Theory.… <span class="read-more"><a href="http://www.essenceofeconomics.com/31/">Read More »</a></span>
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30. Murray Rothbard, What Has Government Done to Our Money?, pt. 6
Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government.  The free market creates money; government destroys it for its own ends.  Part 6 of 6. Topics covered in this episode: How the gold standard broke down over the past two… <span class="read-more"><a href="http://www.essenceofeconomics.com/30/">Read More »</a></span>
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29. Murray Rothbard, What Has Government Done to Our Money?, pt. 5
Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government.  The free market creates money; government destroys it for its own ends.  Part 5 of 6. Topics covered in this episode: Central Banking How central banking removes the free market checks… <span class="read-more"><a href="http://www.essenceofeconomics.com/29/">Read More »</a></span>
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28. Murray Rothbard, What Has Government Done to Our Money?, pt. 4
Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government.  The free market creates money; government destroys it for its own ends.  Part 4 of 6. Topics covered in this episode: Government meddling with money Taxation Inflation The Business Cycle Government… <span class="read-more"><a href="http://www.essenceofeconomics.com/28/">Read More »</a></span>
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27. Rothbard on Gun Laws
I interrupted our discussion of What Has Government Done to Our Money to look into what Rothbard has said on gun control.  Clearly, the non-aggression principle (NAP) gives individuals to own firearms absolutely provided they do not aggress against anyone else.  But, what else did Rothbard say about restricting gun ownership?   Books/Articles mentioned: Murray N.… <span class="read-more"><a href="http://www.essenceofeconomics.com/27/">Read More »</a></span>
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26. Murray Rothbard, What Has Government Done to Our Money?, pt. 3
Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government.  The free market creates money; government destroys it for its own ends.  Part 3 of 6. Topics covered in this episode: Money Warehouses 100% Reserve Banking Fractional Reserve Banking   Download… <span class="read-more"><a href="http://www.essenceofeconomics.com/26/">Read More »</a></span>
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25. Murray Rothbard, What Has Government Done to Our Money?, pt. 2
Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government.  The free market creates money; government destroys it for its own ends.  Part 2 of 6. Topics covered in this episode: The Proper Supply of Money The Problem of Hoarding Stabilizing… <span class="read-more"><a href="http://www.essenceofeconomics.com/25/">Read More »</a></span>
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24. Murray Rothbard, What Has Government Done to Our Money?, pt. 1
Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government.  The free market creates money; government destroys it for its own ends.  Part 1 of 6. Topics covered in this episode: Money in a Free Society The Value of Exchange Barter… <span class="read-more"><a href="http://www.essenceofeconomics.com/24/">Read More »</a></span>
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23. Frederic Bastiat, The Law, pt. 3
In this timeless essay, Bastiat explains what the “law” is and its purpose. It is not to give the state the power to seize property and then turn around and give it to another person or class of people. It is to protect life, liberty, and property. Nothing more, nothing less. Part 3 of 3.… <span class="read-more"><a href="http://www.essenceofeconomics.com/23/">Read More »</a></span>
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22. Frederic Bastiat, The Law, pt. 2
In this timeless essay, Bastiat explains what the “law” is and its purpose. It is not to give the state the power to seize property and then turn around and give it to another person or class of people. It is to protect life, liberty, and property. Nothing more, nothing less. Part 2 of 3.… <span class="read-more"><a href="http://www.essenceofeconomics.com/22/">Read More »</a></span>
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21. Frederic Bastiat, The Law, pt. 1
In this timeless essay, Bastiat explains what the “law” is and its purpose. It is not to give the state the power to seize property and then turn around and give it to another person or class of people. It is to protect life, liberty, and property. Nothing more, nothing less. Part 1 of 3.… <span class="read-more"><a href="http://www.essenceofeconomics.com/21/">Read More »</a></span>
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20. Murray N. Rothbard, Anatomy of the State
A classic essay from Murray Rothbard that describes his view of the nature of government. It is predatory. It is a parasite. It is nonproductive. Anything government does is for its own benefit, using intellectuals and ideology to justify its own rule and maintain legitimacy. Download the article Murray N. Rothbard, Anatomy of the State
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19. Tyler Cowen, “The Marshall Plan: Myths and Realities”
Tyler Cowen details 5 myths of the Marshall Plan that just won’t go away. Economic recovery across the countries that received aid tended to occur at times when aid and Marshall Plan restrictions were not in effect. Could it be that the Marshall Plan wasn’t all it has been cracked up to be? Marshall myths… <span class="read-more"><a href="http://www.essenceofeconomics.com/19/">Read More »</a></span>
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18. Immigration Symposium: Hans-Hermann Hoppe, “The Case for Free Trade and Restricted Immigration”
Hans-Hermann Hoppe persuasively makes the case for a libertarian justification for restricted immigration policies under the state. Download the article Hoppe, Hans-Hermann. “The Case for Free Trade and Restricted Immigration.” Journal of Libertarian Studies 13, No. 2 (1998): 221–233.    
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17. Immigration Symposium: Gary North, “The Sanctuary Society and its Enemies”
Gary North explores the history of sanctuary societies and details the threats to the United States as an immigration sanctuary. Download the article North, Gary. “The Sanctuary Society and its Enemies.” Journal of Libertarian Studies 13, No. 2 (1998): 205–219. View in iTunes and Post a Review!    
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16. Immigration Symposium: Tibor Machan, “Immigration into a Free Society”
Tibor Machan asks the question, “What should be a free country’s policy toward foreigners who would wish to live there?” View in iTunes and Post a Review! Download a pdf of the article Absolutely free: Tibor Machan, “Immigration into a Free Society” Download Dr. Scott’s notes Notes: Immigration Symposium: Tibor Machan, “Immigration into a Free… <span class="read-more"><a href="http://www.essenceofeconomics.com/16/">Read More »</a></span>
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15. Immigration Symposium: Jesus Huerta de Soto, “A Libertarian Theory of Free Immigration”
Jesus Huerta de Soto explains that under a libertarian society where all resources, land, and property are owned privately, the problems of immigration and emigration essentially disappear. The problems that are related to immigration and emigration are a result of government intervention. He lays forth the ways in which government intervenes and proposes a libertarian… <span class="read-more"><a href="http://www.essenceofeconomics.com/15/">Read More »</a></span>
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14. Immigration Symposium: Walter Block, “A Libertarian Case for Free Immigration”
Dr. Scott discusses economist Walter Block’s article, “A Libertarian Case for Free Immigration,” which analyzes laws limiting emigration, migration, and immigration from the libertarian perspective. Block defends the view that the totally free movement of goods, factors of production, money, and people are part and parcel of this traditional libertarian philosophy. View in iTunes and… <span class="read-more"><a href="http://www.essenceofeconomics.com/14/">Read More »</a></span>
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13. Immigration Symposium: John Hospers, A Libertarian Argument Against Open Borders
Not everyone who wishes to come to the United States should be permitted to do so, says John Hospers. View in iTunes and Post a Review! Download a pdf of the article Absolutely free: Hospers, A Libertarian Argument Against Open Borders Download Dr. Scott’s notes Notes: Immigration Symposium: Hospers, A Libertarian Argument Against Open Borders… <span class="read-more"><a href="http://www.essenceofeconomics.com/13/">Read More »</a></span>
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12. Immigration Symposium: Julian Simon, Are There Grounds for Limiting Immigration?
Is there any persuasive reason for a country to bar a healthy, law-abiding person from immigration? View in iTunes and Post a Review! Download a pdf of the article Absolutely free: Simon, Are There Grounds for Limiting Immigration? Download Dr. Scott’s notes Notes: Immigration Symposium: Julian Simon, Are There Grounds for Limiting Immigration?  
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11. Rothbard, Protectionism and the Destruction of Prosperity
Protectionism helps the privileged, inefficient producers at the expense of consumers and efficient producers. View in iTunes and Post a Review! Download a pdf of the article Absolutely free: Rothbard, Protectionism and the Destruction of Prosperity Download Dr. Scott’s notes Notes: Protectionism and the Destruction of Prosperity *Who was Murray Rothbard?  
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10. Economics in One Lesson (chs. 23-24)
Saving enables increased production, and Hazlitt restates the main point of the book: look at the economic effects of the whole economy over the long run! View in iTunes and Post a Review! Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 23-24 Or get a… <span class="read-more"><a href="http://www.essenceofeconomics.com/10/">Read More »</a></span>
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9. Economics in One Lesson (chs. 21-22)
What are profits? They’re not so evil after all. They actually make the economy work. Plus, inflation. Inflation is evil. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 21-22 Or get a hard copy:
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8. Economics in One Lesson (chs. 19-20)
Unions are only good for the economy if they are not backed by government force.  Wages are fair when they reflect supply and demand. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 19-20 Or get a hard copy:
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7. Economics in One Lesson (chs. 17-18)
Fixing prices NEVER works… and this includes when it takes the form of minimum wages! Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 17-18 Or get a hard copy:
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6. Economics in One Lesson (chs. 14-16)
We must allow dying firms to die.  Prices allocate resources to their most efficient uses.  Speculators serve a valuable function in the economy.  And, government intervention to stabilize prices merely subsidizes inefficient producers. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 14-16 Or get a… <span class="read-more"><a href="http://www.essenceofeconomics.com/6/">Read More »</a></span>
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5. Economics in One Lesson (chs. 11-13)
Tariffs are terrible, policies to spur exports don’t help either side of the transaction, and maintaining parity prices makes no sense. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 11-13 Or get a hard copy:
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4. Economics in One Lesson (chs. 8-10)
Hazlitt destroys “spread the work” schemes, the fallacies of demobilization, and the myth of full employment. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 8-10 Or get a hard copy:
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3. Economics in One Lesson (chs. 5-7)
Hazlitt demonstrates that taxes discourage production, government credit diverts production, and machinery and technology do not kill jobs. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 5-7 Or get a hard copy:
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2. Economics in One Lesson (chs. 1-4)
Hazlitt introduces “the lesson” and discusses the broken window fallacy and why government spending on projects isn’t all it’s cracked up to be. Download a pdf of the book Absolutely free: Economics in One Lesson Download Dr. Scott’s notes Notes: Chapters 1-4 Or get a hard copy:
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1. About Essence of Economics
All about why I started this podcast.
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