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It turns out Trump blew up all those boats in the Caribbean for nothing.0:31 The claim that the US attacks on "drug runners" in the Caribbean has not affected the drug trade at all. Cronyism: The Rise of the Corporatist State, 1849–192923:27 The evolution of the US government into a powerful cartelizer of the economy required special interests persistently lobbying to reduce competitive market pressures. It required cronyism: government intervention that benefits special interests at the expense of public interest. Japanese population drops for 17th year in a row, down to below 120 million22:23 The number of Japanese residents fell by 916,744, or 0.76%, to 119,736,483, marking the 17th consecutive year of decline, and the sharpest drop on record. A Skeptical Guide to UBI21:20 The Universal Basic Income (UBI) is a bad idea that just won't die. Time to throw it on the ash heap of bad policies. The Legacy of the Declaration21:20 Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of Why “Luck” Doesn’t Explain Wealth and Success in the Marketplace20:16 Egalitarians mock Adam Smith's invisible hand as free-market superstition, then explain every billionaire with an invisible hand of their own. Joshua Mawhorter on the luck argument for redistribution. The Rothbardian Revolution Against Neoliberalism19:12 Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of Illinois Takes a Swipe at Interchange Fees—and Misses18:09 While governments charge fees for just about everything, suddenly governments have decided that private fees are harmful. Illinois has been especially aggressive in trying to make certain transaction fees illegal, but the results are different than what politicians there anticipated. Back in the USSR: Spending Two Weeks in a Real Socialist Country12:50 It is one thing to understand socialism on an abstract basis but quite another to spend an extended amount of time in a socialist country, this one being the former USSR. The failures of socialism become obvious when seen on the ground. Rothbard vs. the Free Bankers29.července Bob reviews Murray Rothbard's 1988 essay "The Myth of Free Banking in Scotland," his sharp response to Larry White's influential account of Scottish free banking. Netanyahu endorses Flavio Bolsonaro as next president of Brazil29.července The Israeli president joins Milei in pushing a pro-Israel axis of states in the Americas. (With the US leading the way, of course.) Keiko Fujimori sworn in as new president of Peru29.července "Conservative leader Fujimori was sworn in as Peru’s president Tuesday after winning the June election by fewer than 50,000 votes." You Can’t Have Free Markets and an Empire28.července Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.Mises University is the world's leading instructional program in the Austrian School of |