Economics in One Lesson (Houston 2011)

Ben Bernanke: Loose Talk and Loose Money

Douglas E. French — Mon, 24 Jan 2011 00:00:00 -0600

Spontaneous emergence in the evolution of money was founded on individual action. Government cannot proclaim something to be money. Money is a commodity which is demanded mainly as a medium of exchange.

The Federal Reserve Chairman, Bernanke, calls a fall in purchasing power of the dollar by over 95% stable. Interest rates have been pushed to zero. Continual inflation is deliberate and designed. Bernanke pretends he knows what he is doing.

Recorded in Houston, Texas, on 21 January 2011. Sponsored by Jeremy S. Davis.

Applying Economics to American History

Robert Higgs — Mon, 24 Jan 2011 00:00:00 -0600

Higgs declares that you have to know basic economics in order to understand historic events. Human Action is the basic book for basic economics. Economic laws determine the way people cooperate by exchanging property rights, by dividing their labor, and by subjectively calculating prices. Before government fixed depressions, busts were brief and self-healing. When the government intervened, the crises deepened and lengthened.

Recorded in Houston, Texas, on 21 January 2011. Sponsored by Jeremy S. Davis.

AUDIO: Why Should We Care About Economic Theory?

Llewellyn H. Rockwell Jr. — Fri, 12 Oct 2018 01:00:00 -0500

Economics offers the knowledge that there exist impenetrable conditions that pen us in and knowledge of conditions under which the human imagination can create miracles. Markets will make lives abundant as long as government stays out of the way. Price fixing, privilege-granting, taxation, Fed fixing of interest rates and other such interventions are all dream crushers by creating market dislocations. Sound money, private property and laissez-faire ideas create middle classes, wealth and miracles. We owe our life's debt to economic freedom.

Recorded at the Economics in One Lesson Conference in Houston, Texas, on 21 January 2011. Sponsored by Jeremy S. Davis.