Essence of Economics
Latest Episodes
39. Self-Ownership and Non-Aggression
Only you can claim ownership on yourself. Thus, no one can legitimately or rightfully claim your property, which is an extension of yourself. Here we get dirty with aggression in the libertarian, free society of self-owning individuals.
38. You Own Yourself, Your Labor, and the Fruits of Your Labor
Self-ownership and non-aggression! You own yourself, your body: no one else does! What are the logical implications of that ethical fact? It means a FREE SOCIETY, where every individual’s right to self-ownership and non-aggression is protected and co...
37. Trump’s New HHS Policy
The Trump administration came out with a new Health and Human Services policy that will allow doctors and nurses to deny service to patients based on religious grounds. Is this policy compatible with libertarianism?
36. Who has rights? Why? What are rights?: Natural Law in the Ethics of Liberty
Natural law: the libertarian system is based on this idea that individuals have ethical rights that exist purely because we are born. These exist outside of the government. Governments exist, in one justification,
35. Why does gold have value?
Why does gold have value? Because gold was once a commodity! Why does our dollar have value? Because the government makes us pay taxes with it. Why does Bitcoin have value? Because, people hate government fiat.
34. Institutions, Development, and Creating a Libertarian Society
Dr. Scott discusses an article published by Boettke, Coyne, and Leeson that tries to explain why some institutional arrangements “stick” and some don’t. Dr. Scott applies these ideas to how we can think about the transition to an anarchocapitalist soc...
33. Free Speech: Absolute right? Limited Right? Something Else?
The hoopla on college campuses and the overreaction to the “alt-right” raises questions again about how far the right to free speech should extend. The Left seems to attack free speech as a cover for racists, transphobes,
32. Economic Depressions: Their Cause and Cure, pt. 2
Why do recessions occur? What causes the business cycle? When we have a recession, why is it that the capital goods industries are affected much more than consumers goods industries? What has the central bank got to do with it?
31. Economic Depressions: Their Cause and Cure, pt. 1
Why do recessions occur? What causes the business cycle? When we have a recession, why is it that the capital goods industries are affected much more than consumers goods industries? What has the central bank got to do with it?
30. Murray Rothbard, What Has Government Done to Our Money?, pt. 6
Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government. The free market creates money; government destroys it for its own ends. Part 6 of 6.