Why Economic Inequality Is a Good Thing | Mark Thornton
Is equality good and inequality bad?
Over the known history of man, increasing economic inequality is associated with rising standards of living for all. Using common analogies, increased economic inequality lifts all boats, and not only increases the size of the economic pie, but also cuts everyone larger pieces of pie.
After Grant’s army moved on from Pittsburg Landing, the horrors of the battle remained for the people living there. Focusing primarily on the story of nine-year-old Elsie Duncan, Chris recounts the terrible years that followed the Battle of Shiloh for the civilians left in its wake.
Chris Calton recounts the controversial history of the Civil War. This is the 54th 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
RSS: https://mises.org/itunes/622
iTunes: https://itunes.apple.com/us/podcast/historical-controversies/id1304510096?mt=2
Google Play: https://play.google.com/music/m/I3vmki7pz7jxond4x7qx5dfjv7y?t=Historical_Controversies
Soundcloud: https://soundcloud.com/misesmedia/sets/historical-controversies
Stitcher: https://www.stitcher.com/s?fid=147145
Music: "On the Ground" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 3.0
...
https://www.youtube.com/watch?v=qITGlHH0iW8
View the full episode at https://Mises.org/RR94
Radio Rothbard is a weekly podcast featuring a cast of Mises Institute voices and special guests. The show tackles politics, current events, culture, media, and of course the predatory state, all from an uncompromising Rothbardian perspective. Radio Rothbard is the weekly anti-politics podcast you won't want to miss!
To subscribe on your favorite platform, visit https://Mises.org/RothPod
...
https://www.youtube.com/watch?v=aouxNMgc0z8
North Korea is not the poorest country on earth, but it is undoubtedly the most miserable. Michael Malice (MichaelMalice.com) has been there, and joins Jeff Deist to discuss the bizarre economics of life in a country with virtually no outside trade. China and Russia provide critical imports, especially oil and grain, without which the DPRK would truly grind to a halt. But this is foreign aid disguised as trade for worthless North Korean "currency." Beyond that a depressing form of autarky reigns, whereby the Central People's Committee creates economic plans that produce nothing but starvation and crumbling concrete. This is a fascinating conversation about "prison camp economics," and how concepts of exchange and calculation scarcely apply where market goods, technology, and price information are almost nonexistent. North Korea is a stark reminder of where omnipotent government leads.
Photo of Michael Malice used in the thumbnail graphic is by Matt Wyzykowski.
...
https://www.youtube.com/watch?v=RvoP0SL4aTU
Despite the bitter defeat in the First Battle of Rivas, William Walker and his small army of American filibusters successfully take control of the Democratico capital of Nicaragua, ending the Nicaraguan civil war. This episode is Part 2 of 6 of the story of William Walker’s attempt to establish his own Republic of Nicaragua.
Chris Calton gives a revisionist look at the antebellum period leading up to the Civil War. This is the 15th episode in the second season of Historical Controversies.
Historical Controversies is available online at:
https://Mises.org/HCPod
RSS: https://mises.org/itunes/622
iTunes: https://itunes.apple.com/us/podcast/historical-controversies/id1304510096?mt=2
Google Play: https://play.google.com/music/m/I3vmki7pz7jxond4x7qx5dfjv7y?t=Historical_Controversies
Soundcloud: https://soundcloud.com/misesmedia/sets/historical-controversies
Stitcher: https://www.stitcher.com/s?fid=147145
Music: "On the Ground" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 3.0
...
https://www.youtube.com/watch?v=Zvx8oUoxEgM
Mark Thornton looks at how much money Americans will spend on the Super Bowl this year and discusses the accuracy of the Super Bowl Stock Market Indicator.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues.
...
https://www.youtube.com/watch?v=q-MQi5r6hB0
The true cost of covid-19 lockdowns has become so apparent that even WHO officials must now admit these policies lead to mass impoverishment and immense cost in terms of human lives and human health.
Original article: mises.org/wire/even-who-officials-now-admit-lockdowns-are-extreme-policies-disastrous-results
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
...
https://www.youtube.com/watch?v=0H7FORUf3AM
Economic giant Robert Solow died in December 2023. He was a Nobel laureate, and four of his PhD students went on to also receive the Nobel. He is known for the growth model named in his honor.
Garett Jones of GMU joins Bob to discuss the work of Solow, focusing on the possible tension between the Solow model's conclusions about capital accumulation vis-à-vis the Austrian School.
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
Twitter ► https://twitter.com/mises/
Facebook ► https://www.facebook.com/mises.institute/
Instagram ► https://www.instagram.com/misesinstitute/
SoundCloud ► https://soundcloud.com/misesmedia/
Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810
Rumble ► https://rumble.com/c/c-2212754
Odysee ► https://odysee.com/@mises/
Podcasts ► https://mises.org/library/audio-video/
...
https://www.youtube.com/watch?v=oZ6slZSg1eM
Ludwig von Mises’s life was dedicated to intellectually combating the evils of socialism, interventionism, inflationism, and tyranny. He recognized that it would always be an uphill battle. Easy money creates artificial good times that empower and enrich the political class; cleaning up the mess after that is difficult.
The only solution is for the public to understand the game, to be empowered to see past the cheap political rhetoric, and to identify the powerful actors who are ripping them off. That has been the driving mission of this documentary, Playing with Fire: Money, Banking, and the Federal Reserve. We have brought in some of our greatest advocates; what we need now is you.
Your support will help us complete this film and distribute it for free on platforms like YouTube and Amazon Prime. It will also help with promotional efforts to expose these truths to audiences outside our orbit.
Right now the most powerful names in media are not corporate outlets but free thinkers like Joe Rogan and Tucker Carlson. We have a unique opening to strike at the root of the most pressing issue facing Americans: the forces making us poorer and stealing away our future.
In the words of Lew Rockwell, “If you hate war, oppose the Fed. If you hate violations of your liberties, oppose the Fed. If you want to restrain despotism, restrain the Fed. If you want to secure freedom for yourself and your descendants, abolish the Fed.”
With your support, we can bring this message to millions. Your donation will make a difference. Please give today at Mises.org/FedTrailer
Every donor who gives $50 or more will get a copy of Taking Back Our Money by Murray Rothbard.
Every donor who gives $1,000 or more will be listed in the rolling credits at the end of the film.
...
https://www.youtube.com/watch?v=0aScMQIp9KA
Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law & Economics) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die.
Bob and Brian discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.
Brian on Alchian's famous "Costs and Outputs" paper: https://Mises.org/HAP396a
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
Twitter ► https://twitter.com/mises/
Facebook ► https://www.facebook.com/mises.institute/
Instagram ► https://www.instagram.com/misesinstitute/
SoundCloud ► https://soundcloud.com/misesmedia/
Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810
Rumble ► https://rumble.com/c/c-2212754
Odysee ► https://odysee.com/@mises/
Podcasts ► https://mises.org/library/audio-video/
00:00 Introduction
02:09 Different Schools of Economic Thought
06:22 Real Business Cycle Theory
17:42 Who is Arman Alchian
22:29 Alchian on Price Theory
32:24 Theory of the Firm
45:58 Alchian Stock Market H-Bomb Theory
55:06 Should Austrians read Alchian?
...
https://www.youtube.com/watch?v=NiFktclmHUI