Virginia's stranglehold over American politics continues with President James Monroe. While high school textbooks refer to this period of one-party rule as the "Era of Good Feelings," the reality is the Second Bank of the United States offers some of the most vulgar examples of corruption the American people have seen. In this episode, Patrick Newman and Tho Bishop discuss the Panic of 1819 and the impact it had on political alliances for decades to come. Recommended Reading The Panic of 1819: Reactions and Policies by Murray Rothbard — https://Mises.org/LP7_A A Short History of Paper Money and Banking in the United States by William Gouge — https://Mises.org/LP7_B "The Scandal of Smith and Buchanan: The Skeletons in the McCulloch vs. Maryland Closet" by David Bogen (PDF) — https://Mises.org/LP7_C Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — https://Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit https://Mises.org/LvP. ... https://www.youtube.com/watch?v=Nr7WMQ3lpPo

For the foreign-policy non-interventionist, some schools of thought in international relations are much better than others. "Liberal hegemony" (the favored school of neoconservatives) has long supported endless war and intervention by the US regime worldwide. We discuss how we can use "realist" research to move the foreign policy needle away from liberal hegemony and toward a more sane foreign policy. Guest: Zachary Yost (https://Mises.org/Yost) is a Marcellus Policy Fellow with the John Quincy Adams Society. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard.