Archive for the 'econ 101' Category

You have probably heard the term Modern Monetary Theory or MMT thrown around recently. It is all the rage with our overlords in Washington, D.C. But what is it?

In this episode we examine the destructiveness of MMT and learn that there is nothing modern about debasing your currency by printing worthless pieces of paper backed by nothing. We also learn that MMT is not a theory but more political propaganda backed by nothing resembling real economics or public policy.

Politicians who endorse it or do not oppose it vigorously are willfully negligent!

Show Notes

The Bob Murphy Show #18: Warren Mosler Defends MMT

The Bob Murphy Show #24 - Murphy Dissects His Discussion with Warrn Mosler

Human Action Podcast with Bob Murphy November 2020: MMT Explained

Ghana Becomes First Country to Officially End MMT Experiment

MMT: Not Modern. Not Monetary. Not a Theory - Jeff Deist

MMT History and Overview

Deficit Myth: Modern Monetary Theory

Upside Down World MMT

MMT: Fake Economics

Doug Casey Why Modern Monetary Theory will Destroy Money

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The video of this episode is available on Rumble, BitChute, Brighteon and Thinkspot. Check out short highlight videos of each episode on Instagram.

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When Walter E. Williams passed away last week, the world lost a giant intellectual, prolific columnist, humorist, economist and preacher of the truth about free markets and the United States Constitution. He was a master communicator with an uncanny ability to make complex topics and theories understandable. Throughout his life, he demonstrated unwavering courage to stand up and tell the truth starting with his challenge of the U.S. Army and President John F. Kennedy over racial discrimination in the military while holding the lowly rank of Private!

He spent decades teaching economics at George Mason University and, along the way, blessed us with volumes of logic and common sense - some of which I share with you in this episode.

Show Notes

Walter Williams Best Moments

Walter E. Williams: Suffer No Fools

PragerU – Is Capitalism Moral?

Mark Perry - Walter E. Williams RIP

Walter Williams RIP - National Review

I Just Do My Own Thing: Walter Williams RIP

Future Prospects for Economic Liberty - Hillsdale Speech

Leonard Reed - Walter Williams Steadfast Scholar Missionary of Freedom

Walter E. Williams: Up From the Projects -

Wisdom: Walter Williams

How Walter Williams Helped Me Lose Job

Thomas Dilorenzo - Walter E. Williams RIP

WaltereWilliams.com - Amnesty Proclamation

An Evening With Dr. Walter Williams - John W. Hammond Institute for Free Enterprise 

Daniel J. Mitchell

Truth Quest Podcast

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The video of this episode is available on Rumble, BitChute, Brighteon and Thinkspot. Check out short highlight videos of each episode on Instagram.

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As I record this episode in late March 2020, the world is living through the Coronavirus crisis. Recently my wife and I were discussing the toilet paper shortage. I explained that the reason there isn't any toilet paper now is because the stores did not raise the price when they saw a surge in demand. She argued that price gouging during a crisis is wrong and immoral. I tried to explain why it is actually a good thing. Full disclosure: She was not convinced. Hopefully you will be after listening.

We discuss some basic economic concepts like: What is a price and how do they fluctuate. Then we dive into the topic at hand - price gouging. This is followed by an examination of pandering politicians and price controls and the morality of price gouging. We wrap up the episode discussing the benefits of price gouging and whether or not these arguments hold up when a crisis is regional versus worldwide.

Show Notes

Bob Murphy - Hurricane Sandy and Gas Lines

John Stossel - Price Gouging

Walter E. Williams – Hillsdale College Speech

One or Two Cheers for Price Gougers; Three Cheers for Markets and No Cheers for Anti-Gouging Laws

Price Gouging Laws will do More Harm than Good During the Coronavirus Pandemic

A Primer on Price Gouging

Tom Woods Episode #987 - Price Gouging is Urgently Necessary

Words & Numbers Podcast - Price-Gouging Bans Don't Make Things Cheaper, They Make Them More Scarce.

Basic Economics, Thomas Sowell

Mises.org

FEE.org

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The video of this episode is available on Rumble, BitChute, Brighteon and Thinkspot. Check out short highlight videos of each episode on Instagram.

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Bernie Sanders has been leading the charge toward socialism his entire life. Within a few weeks of this podcast's publication (at the most a few months), Bernie will be a two-time loser of the Democratic Party's nomination to be President. Despite his failure to secure the nomination, he has laid the foundation for more radical candidates in the future. In this episode, we examine the life of Sanders and the foundation on which he has built his movement.

Show Notes:

Britannica.com - Bernie Sanders

Former Prisoner Recalls Sanders Saying I Don't Know What's So Wrong with Cuba

Bernie Sanders Praised Communist Cuba and the Soviet Union in the 1980s.

60 Minutes Interview with Bernie Sanders

Bernie Sanders Praising Bread Lines and Food Rationing

Why Bernie Sanders' Communist Misadventures Still Matter

Truth Quest Podcast Episodes:

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The video of this episode is available on Rumble, BitChute, Brighteon and Thinkspot. Check out short highlight videos of each episode on Instagram.

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If you follow the financial markets to any extent you have likely heard the term “negative interest rates.” In this episode, we are going to examine this never-before-in-history phenomenon. We are going to discuss the three ways this ridiculous financial policy manifests itself: on individuals, on bank reserves and on bonds and examine merits of this policy. Hint: It ain't good!

Show Notes

The Fed's Consideration of Negative Interest Rates Signals Its Rush Toward Irrelevance

The Non-Weirdness of Negative Interest Rates

UBS Starts Charging Rich Clients Negative 0.75% Interest Rate

Mises.org:

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The video of this episode is available on Rumble, Thinkspot, BitChute, and Brighteon.com. Check out short highlight videos of each episode on Instagram.

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I have several healthcare-related episodes in the works including one on Obamacare, one on socialized medicine, and one on healthcare reform. In order to lay the groundwork for those future episodes, I thought it was important to discuss healthcare in America in general and dispel some myths or lies or propaganda (depending on your perspective). If you listen to the the mainstream media, liberal think tanks, or national Democrats, you are left believing that the American healthcare system is no better than some third world countries.

While the bashing of the American healthcare system has been relentless, is it the truth? Listen and find out!

Show Notes:

The Truth Quest Podcast Patron Page

Join the conversation at The Truth Quest Facebook Fan Page

Order a copy of Shawn's books - Pritical Thinking, The Proverbs Project, The Termite Effect.

The video of this episode is also available on Thinkspot, Rumble, Brighteon and BitChute. Check out short highlight videos of each episode on Instagram.

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Welcome to Episode #1 of The Truth Quest Podcast where we will, 15-20 minutes at a time, relentlessly pursue the truth in the arenas of politics, public policy, economics and Christianity.

My name is Shawn Brodof and I will serve as your truth quest guide. I have been studying the first three topics for almost 30 years and Christian apologetics for about 10. As my studies continued, I noticed a similar pattern in all of these arenas – a resistance to the truth. Rather than pursue the truth, some people prefer to stick their head in the sand, cover their eyes and ears (anything to avoid facing the truth). They will make strawman arguments, spew talking points, name-call those who disagree with them and, sometimes, outright lie. My intention with this podcast it to uncover the truth.

Other topics discussed:

  • The intended audiences for the podcast
  • Who I am
  • Who I am NOT
  • The Dirty Half Dozen

Consider supporting the show with a few dollars each month to help us expand the show's reach: The Truth Quest Podcast Patron Page

Join the conversation at The Truth Quest Facebook Fan Page

Order a copy of Shawn's books - Pritical Thinking, The Proverbs Project, The Termite Effect. Check out short highlight videos of each episode on Instagram.

The video of this episode is available on Thinkspot, Rumble and on BitChute.

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