Two of the Institute's Fellows—a Frenchman and a German—join Jeff Deist for a freewheeling discussion of the political and economic situation in Europe. Can Austrian economics revive Europe's liberal tradition, or will statist impulses thwart any hope for liberation from Brussels? And can the Mises Institute and its fellow travelers have an impact on academia on the continent? Sascha and Louis see hope for optimism, despite the bad news that seems to dominate European media. ... https://www.youtube.com/watch?v=CWi9iPl-QhE

Central banks — and central bankers — are in uncharted waters. They don't know how to create economic growth, they don't know how to fight the great bogeyman of deflation, and they don't know how — or if — they'll ever be able to return to a time of "normal" monetary policy. Their pretense of knowledge, of being able to effectively control currencies used by billions of people, is coming to an end. But it's not just an academic issue — all of us are affected by the possibility of negative interest rates, prohibitions on cash, and bank bail-ins. Will you be able to get cash out of your bank or money market account if the economy suffers another crash like 2008? Will governments force us into cashless, digital-only payment systems, tracking our every purchase and creating black markets in the process? Will you have to pay your bank, in the form of negative interest rates, for the privilege of holding your money? And will your deposits take a haircut if your bank suffers losses from its bad loans? Jeff joins Jay Taylor on his radio show to discuss how both central banks and commercial banks are poised to change your life in some very unpleasant ways. ... https://www.youtube.com/watch?v=jKKDvN2HLbQ

Presented by the Mises Institute in Nashville, Tennessee, on 14 April 2018. Special thanks to an Anonymous Donor for making this event possible. ... https://www.youtube.com/watch?v=3g8tiPycwPo

Dr. Joe Salerno joins the show for a dynamic look at Human Action Part Four, arguably the meatiest part of the book. Chapters 18, 19, and 20 are where Mises presents the idea of pure time preference, his expanded theory of interest, and the parameters of business cycle theory and malinvestment. Salerno and Jeff Deist consider how time relates to capital; gratitude for society's accumulated wealth; convertibility of capital thanks to stock markets; why holding cash can be productive; originary interest as a ratio, the fallacious classical and Marxist notions of interest, and the boom/bust cycle created by politicians, voters, and bankers who see that inflation "works" for awhile. This is a great discussion of Mises at his best! Use the code HAPOD for a discount on Human Action from our bookstore: Mises.org/BuyHA. Human Action: Mises.org/HumanAction Bob Murphy's Study Guide to Human Action: Mises.org/Study ... https://www.youtube.com/watch?v=aKuYqkQrsGI