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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Posted in , constitution, article i section 8, minimum wage, slavery, capitalism, declaration of independence, government subsidies, states rights, wisdom, war on poverty, econ 101, democracy, secession, decentralization, price controls, racism, Walter Williams, discrimination on Dec 15th, 2020
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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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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Posted in constitution, social security, medicare, medicaid, healthcare, socialized medicine, socialism, democratic socialism, capitalism, student loans, wealth tax, econ 101, medicare for all, democracy, Bernie Sanders, Joe Biden on Mar 15th, 2020
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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Posted in , third-party payer, medicare, medicaid, obamacare, healthcare, socialized medicine, single payer, affordable care act, econ 101, medicare for all on Aug 30th, 2018
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:
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Order a copy of Shawn's books - Pritical Thinking, The Proverbs Project, The Termite Effect.
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Posted in apologetics, econ 101 on Jul 10th, 2018
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
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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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