Is the Dollar the Global Reserve Currency Because There Is No Better Alternative?
The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree
Economics researcher Joakim Book joins Bob to discuss his recent article on the dollar's international dominance at the American Institute for Economic Research.
US Sanctions incentivize foreign governments to find alternatives to the dollar, but none have successfully escaped Washington's grip. Joakim argues that alternative payment systems are in the works, but even international banking transactions still use US banking systems. How much longer will the US dollar be the king currency? Why aren't foreign Governments fleeing to BTC and Gold? Bob and Joakim discuss.
Chapters 00:00 Introduction 01:05 Declining Dollar Dominance 06:23 The Roles Dollars Play in International Commerce 08:29 US Sanctions and the Incentives they Create 15:08 Alternative Payment Systems that are being Built 20:29 Why Aren't Governments using Bitcoin? 28:34 Why The US Government Has too much Power 32:04 Should the Average Person Care? 37:35 Conclusion ... https://www.youtube.com/watch?v=uD7ozwiYyJE
The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at https://Mises.org/Money
Stephanie Kelton is the star of a new documentary film touting the alleged brilliance of Modern Monetary Theory (MMT). Murphy gives a comprehensive critique of the film, covering the flaws in its theory, history, and policy recommendations.
Finding the Money Documentary: https://Mises.org/HAP447a
Bob's Book on MMT, Understanding Money Mechanics: https://Mises.org/HAP447b
Radford's Paper on P.O.W. Camps: https://Mises.org/HAP447c
The Upside-Down World of MMT: https://Mises.org/HAP447d
Bob's Article on Debt and Future Generations: https://Mises.org/HAP447e
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
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Chapters
00:00 Introduction
01:59 The MMT Argument
08:10 Who is Stephanie Kelton?
11:10 MMT's Convincing Strategy
17:36 How Kelton Came to the MMT Side
21:28 The Biggest Flaw in the MMT Argument
31:04 Non Sequiturs Snuck Into the Documentary
39:17 Kelton's Claim of Debt as a Financial Asset
57:30 Do Recessions Follow Federal Budget Surpluses?
59:55 Why Does Gov. Need to Borrow if they can just Print?
1:16:04 MMT Doesn't Understand Money
1:32:45 Conclusion
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https://www.youtube.com/watch?v=ZLgNAqWbsf8
Why did Murray Rothbard embrace populism and why did he think it could work to limit the power of the state? In short, Rothbard believed that a small elite had seized the power of the state to fleece and oppress the majority. Rothbard was in part basing his ideas on the historical narrative of the Democratic populists of the nineteenth century who formed the party of sound money, low taxes, and decentralized power. This laissez-faire party also managed to win a lot of elections.
Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.
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https://www.youtube.com/watch?v=r-O38Hbd0l8
In 1861, the Five Civilized Tribes — the Cherokees, Creeks, Chickasaws, Choctaws, and Seminoles — would be faced with the decision of staying neutral or choosing a side in the Civil War. To understand their decision, Chris Calton takes a look at the long history of Indians becoming, in the eyes of Americans, "civilized".
Chris Calton recounts the controversial history of the Civil War. This is the 31st episode in the third season of Historical Controversies. You may support this podcast financially at Mises.org/SupportHC.
Historical Controversies is available online at:
https://Mises.org/HCPod
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Music: "On the Ground" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 3.0
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https://www.youtube.com/watch?v=X3TJ19b0C4w
Government schools have always been tools of the regime for teaching state-approved ideology and culture. The rise of critical race theory is just the latest phase for America's public schools system.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of economics, at https://Mises.org.
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https://www.youtube.com/watch?v=mPvgekNfSII
Presented to the Free Enterprise Society at Oklahoma State University on March 14, 2024.
Ryan McMaken (https://mises.org/McMaken) is executive editor at the Mises Institute. He is a cohost of the Radio Rothbard podcast (https://mises.org/RothPod) and the War, Economy, and State podcast (https://mises.org/WES), and is the author of *Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities* and *Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre*.
The Free Enterprise Society (FES) is sponsored by the Institute for the Study of Free Enterprise at Oklahoma State University: https://fe.okstate.edu/fes
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https://www.youtube.com/watch?v=Ol_33pWXkuE
Recorded at the Mises Institute in Auburn, Alabama, on July 20, 2018.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
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https://www.youtube.com/watch?v=_WhB-G52hGw
Featuring Tom Woods, Lew Rockwell, and Jeff Deist. Recorded at the Mises Circle in Dallas-Fort Worth on 3 October 2015.
Special thanks to Klaas and Anastasia Talsma for making this event possible.
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https://www.youtube.com/watch?v=-nhGRQ7xOpc
This week's episode features Tom Woods' opening lecture at Mises University 2017. Tom shares his experiences meeting Murray Rothbard, how Murray shaped Tom's intellectual development, plus some valuable lessons for us all.
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https://www.youtube.com/watch?v=8Cx5MPal8dg
Presented as part of the "Austrian Workshop" seminar series. Recorded at Pebble Hill in Auburn, Alabama, on November 17, 1997.
Erik von Kuehnelt-Leddihn (1909-1999) was an Austrian nobleman and socio-political theorist who described himself as an enemy of all forms of totalitarianism and as an "extreme conservative arch-liberal" or "liberal of the extreme right." Described as "A Walking Book of Knowledge," Kuehnelt-Leddihn had an encyclopedic knowledge of the humanities and was a polyglot, able to speak eight languages and read seventeen others.