130. The Fiat Standard: Unwritten Chapters

Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through pr...

21 Apr 58min

Eleventh lecture of Principles of Economics explains how individual preferences coordinate production and consumption decisions through economic calculation based on property rights, and why consumer ...

14 Apr 1h 6min

Tenth lecture of Principles of Economics explores money as the most salable good, how it emerges from trade, solves the coincidence-of-wants problem, enables calculation and specialization, preserves ...

7 Apr 1h 34min

Trump’s Three-Card-Monte Takes on the Chess Grandmasters This is a full reading of Saifedean's article analyzing one month of the Iran War and its likely political and economic consequences. https://...

31 Mar 53min

Ninth lecture of Principles of Economics explores trade as voluntary exchange that benefits all parties, explaining subjective valuation, absolute and comparative advantage, and how specialization and...

24 Mar 1h

Eighth lecture of Principles of Economics examines energy and power as essential drivers of production, showing how abundant energy, especially hydrocarbons, raises productivity, expands trade and liv...

17 Mar 1h 13min

Seventh lecture of Principles of Economics explores technology as non-scarce knowledge that raises productivity and drives long-term growth, explaining why innovation creates new work instead of destr...

10 Mar 46min

Sixth lecture of Principles of Economics explores capital as saved resources that lengthen production to raise productivity, showing how time preference governs saving and interest, why capital is cos...

3 Mar 47min