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Don Boudreaux on The Essential Hayek04 Oct 202400:52:42

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The month of October 2024 marks the 50th anniversary of F. A. Hayek winning the Nobel Prize. Winning such a prize is obviously a big deal, but someone wins one every year, so what’s the big deal about this guy? 

Well. Hayek’s contributions to the field of economics are significant because they spoke to more than simply economics. Spontaneous order, price signals as information, and the pretense of knowledge all might come to mind, but they might not. (Maybe you’re new to this! If so, helloooo there!) These concepts branch into philosophy, social structure, and the nature of the human mind. Stick with us to learn the depths and beauty of Hayekian thought, in the first of this series!

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Nicholas Snow on Prohibition27 Sep 202400:56:58

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 Do you ever take a moment to think about the fact that Americans, the people of the land of the free, spent 13 years under Prohibition? Did you know that Americans used to seriously “drink like a fish”? And no, I’m not talking about fraternity men in college. I’m talking about everyone, everywhere, from George Washington’s parties to lunchtimes in the manufacturing factories (until Henry Ford put a stop to it, you know, for efficiency purposes). Then Prohibition happened. 

What were the forces that drove Prohibition into existence? Our first and only constitutional amendment to be repealed, what was so severe about America under prohibition that it only lasted 13 years? How did a guy smuggle whiskey into America in an egg carton? 

All that and more on this episode with Wabash College Professor Nicholas Snow. Tune in! 


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Sandra Peart on Ethical Quandaries and Politics Without Romance28 Jun 202401:11:35

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Sandra Peart is a Distinguished Professor of Leadership Studies and the President of the Jepson Scholars Foundation at the University of Richmond, as well as a coauthor of Towards an Economics of Natural Equals: A Documentary History of the Early Virginia School, with David Levy. She is also a distinguished fellow of the history of economics society.

Today we talk about the importance of humility in discussing important ideas in addition to the importance of asking the right questions, ethical questions. She leads us through the intellectual landscape of the 60s, post World War II, and the birth of the Virginia School of Economics, which was intent on asking important questions about humanity and the nature of equality. We talk about James Buchanan, Warren Nutter, Gordon Tullock, and their influences such as Adam Smith and Frank Knight. We talk about how public choice and experimental economics both critique and improve the field of economics.

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Jon Murphy on The Jones Act and Adam Smith29 Jul 202200:42:23

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Jon Murphy, recent PhD graduate from George Mason University and incoming instructor at Western Carolina University, talks to us today about Adam Smith’s theoretical and practical exceptions to free trade. We explore whether Smith would have endorsed The Jones Act through his endorsement of Britain’s Navigation Acts. 

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Weifeng Zhong on China's Propaganda22 Jul 202200:48:00

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Weifeng Zhong, senior research fellow at the Mercatus Center at George Mason University, talks to us today about the distinction between misinformation, disinformation, and propaganda. He leads us through his story of discovering the Tiananmen Square Massacre and how it led to the Policy Change Index project. We talk about hopes and fears for the future, along with some differences between the United States and China. 

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Jason Fichtner on Why You Should Save Today15 Jul 202200:43:57

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Jason Fichtner, vice president and chief economist at the Bipartisan Policy Center, talks to us about retirement and saving strategies. He takes us through different types of savings accounts, why you should start saving today, and why you should start saving today. We also talk about starting to save later in life, how to save for and pay off big expenses, and social security considerations.

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Clark Neily on the Supreme Court's New Justice08 Jul 202200:40:44

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Clark Neily, senior vice president of legal studies at the Cato Institute, talks to us about upcoming Supreme Court justice Ketanji Brown Jackson. We explore her unique qualifications and the hopes that this brings, amicus briefs and how they are filed, and her judicial philosophy. 

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Peter Van Doren on Energy Independence 01 Jul 202200:56:54

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Peter Van Doren is the editor of the quarterly journal Regulation and is a senior fellow at the Cato Institute, where he specializes in housing, land, energy, and more. Today, he talks to us about what energy independence is, whether America is energy independent, and if that is a good thing. He also talks to us about energy more generally, including nuclear and green energy. 

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Daniel Klein on Adam Smith's Justice24 Jun 202200:42:32

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Daniel Klein, professor of economics at George Mason University and expert on Adam Smith, talks to us about Smith’s definition of justice. There are three types of justice: commutative, distributive, and estimative. Today we break down the differences between each and their applications in government and private life. 

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Walter Olson on Election Fraud17 Jun 202200:47:15

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Walter Olson is the author of several books and a senior fellow at the Cato Institute's Center for Constitutional Studies. Today, we talk about the 2020 election and the increasing fears of election fraud. He talks to us about the different types of election fraud, the actual reality of election fraud, and voter suppression. 

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Thomas Hoenig on Inflation and the Federal Reserve10 Jun 202200:42:44

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Inflation is always around, but it has been particularly worrisome recently. A startling departure from the United States' usual average of about 2% inflation, we faced 8.5% in the month of April. Where does inflation come from? What regulatory bodies aim to deal with inflation? How do they do it? Does it work?

Today, Thomas Hoenig talks to us and answers all these questions and more, including his personal experience as President of the Kansas City Federal Reserve and on the Federal Open Market Committee. He is currently a distinguished senior fellow at the Mercatus Center at George Mason University.

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Arnold Kling on The Three Languages of Politics03 Jun 202200:45:26

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Arnold Kling is an economist and the author of the book The Three Languages of Politics: Talking Across Political Divides. His substack, In My Tribe, explores many areas of economics and policy. Today, he talks to us about the divide in politics, explaining the need for his book and giving current examples. We explore affective polarization and the rise of polarization generally. 

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Randy Simmons on Public Choice27 May 202200:44:28

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Randy Simmons is the author of Beyond Politics and the director of the Institute of Political Economy at Utah State University. Today, we talk about the field of public choice economics or, as economist James Buchanan calls it, "politics without romance". What exactly is Beyond Politics? What is a market failure? What is a government failure? Tune in for the answers to these questions and more. 

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Daniel Di Martino on Life in Venezuela and Immigration21 Jun 202400:48:43

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Daniel Di Martino is a PhD candidate in Economics at Columbia University and a graduate fellow at the Manhattan Institute—where he focuses on high-skill immigration policy. He also founded the Dissident Project to teach high school students about the evils of socialist regimes.

Today we talk about his life in Venezuela and the economic realities he faced growing up, particularly inflation and shortages. He explains how poor institutions, even democratically elected ones, can turn a trusting and prosperous society into a mistrusting and thieving one. (Watch out ladies, they’ll even steal the hair from your head). We talk about the incentives involved in immigration policy and the immigration situation in places like New York City and Miami today.


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Brian Knight on Woke Capitalism20 May 202200:49:09

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Brian Knight, director of Innovation and Governance and a senior research fellow at the Mercatus Center at George Mason University, talks to us today about woke capitalism. What is woke capitalism? Is this debate new? Will it benefit companies or backfire? Listen for all that and more. 

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Jay Bhattacharya on the US Response to COVID-1913 May 202200:40:45

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Jay Bhattacharya is a professor of medicine at Stanford University, a research associate at the National Bureau of Economic Research, and co-author of the Great Barrington Declaration. Today we talk about the United States's response to COVID-19 and the silencing of dissenting voices in the scientific community in the time of this national emergency. 

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Philip Klein on Fight Club Conservatives vs. Disney06 May 202200:45:14

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Philip Klein, author of two books and editor of National Review Online, talks to us today about the unprecedented move by Florida governor Ron DeSantis and the legislature to revoke Disney's special district status. We explore what special district status is, why this happened, what this means for conservatives (and the birth of fight club conservatives), and whether this is a threat to free speech. 

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Henry Clark on The Enlightenments29 Apr 202200:45:04

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Henry Clark, professor and program director of the Political Economy Project at Dartmouth College, talks to us today about the French and Scottish enlightenments. We talk about intellectuals who influenced Adam Smith and their influence on him, and discuss Smith's originality. 

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Kenneth Elzinga on Teaching Economics22 Apr 202200:39:03

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Kenneth Elzinga, Robert C Taylor Professor of Economics at UVA , author, and antitrust 
expert,  talks to us today about teaching economics, the importance of Christianity to his life and profession, and his work with antitrust. 

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Chris Coyne on Manufacturing Militarism15 Apr 202200:50:43

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Chris Coyne is an economics professor at George Mason University and the author of several books, including Manufacturing Militarism: US Government Propaganda in the War on Terror, coauthored with Abigail Hall. Today we talk about the US war on terror, propaganda, and its implications for free society. 

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Jason Brennan on the Incentives in Criminal Justice08 Apr 202200:48:04

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Jason Brennan, professor of business ethics at Georgetown University and author of many, many books, talks to us today about the book he coauthored with Chris Surprenant,  Injustice for All: How Financial Incentives Corrupted and Can Fix the US Criminal Justice System, and the distorting incentives in all areas of the criminal justice system. 

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Josh Rauh on the Pending Public Pension Crisis01 Apr 202200:44:07

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Josh Rauh, professor of finance at the Stanford Graduate School of Business and senior fellow at Hoover Institution, talks to us today about his career journey, what public pensions are, the public pension crisis, and more. 

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Lauren Hall on the Medicalization of Birth and Death25 Mar 202200:45:42

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Lauren Hall is professor and chair of political science at Rochester Institute of Technology and a prolific author. Her most recent book, The Medicalization of Birth and Death, was published in 2019.

She joins host Juliette Selgren to talk about the medicalization of birth in recent history; the role of hospitals, regulation, and liability; and young people's lack of appreciation for complexity.

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James Otteson on What Adam Smith Knew18 Mar 202200:44:46

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James Otteson is a business ethics professor at the University of Notre Dame and author of several books, including What Adam Smith Knew.  He talks to us about Adam Smith, his life, ideas, and notable works. Also, I recently moved to Liberty Fund's https://www.adamsmithworks.org/ , go check it out!

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Anne Bradley on the Political Economy of Terrorism14 Jun 202400:59:24

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Anne Bradley is an economics professor at the Institute of World Politics and the Vice President of Academic Affairs at The Fund for American Studies. Today, we talk about the political economy of terrorism: what terrorism is, what makes a terrorist, and what the war on terror does to attempt to prevent terrorism. We talk about how economics is uniquely positioned to pose questions and find answers about this area usually dominated by those studying defense and international relations, and how the human element of economics informs her framing of the issue.


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Abby Hall on Military Drones03 Mar 202200:49:23

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Abby Hall is an associate professor in economics at Bellarmine University and co-author of many books on defense in America with Chris Coyne. Their latest book is called Manufacturing Militarism: US Government Propaganda in the War on Terror. Today we talk about unmanned aerial vehicles (UAVs, a.k.a military drones), including the history of their use and the many consequences that come along with them. 

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Gary Leff on Airline Bailouts and Travel17 Feb 202200:54:46

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Gary Leff, the chief financial officer at the Mercatus Center at George Mason University and writer of View From the Wing, talks to us about airlines, airline bailouts, and travel tips. 

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Jason Fichtner on Social Security10 Feb 202200:44:39

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Jason Fichtner, the vice president and chief economist at the Bipartisan Policy Center, talks to us about social security, how it works, and the future of the program. 

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Jonathan Rauch on The Constitution of Knowledge03 Feb 202200:48:24

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Today I talk with Jonathan Rauch, Senior Fellow at the Brookings Institution, contributing editor of National Journal and The Atlantic and author of many books including Kindly Inquisitors: The New Attacks on Free Thought. We discuss his newest book, The Constitution of Knowledge: A Defense of Truth, and the lack of free speech culture on college campuses. 

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Todd Zywicki on the 17th Amendment27 Jan 202200:48:55

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Todd Zywicki is a professor of Law at George Mason University, Senior Fellow of the Cato Institute, and former Executive Director of the GMU Law and Economics Center. He has been on The Great Antidote previously to discuss the field of law and economics, and today we discuss the importance of federalism, the original structure of the legislative branch, and how the 17th amendment changed that structure. 

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Katherine Mangu-Ward on Being Libertarian and More20 Jan 202200:43:32

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Katherine Mangu-Ward, Editor in Chief of Reason Magazine, joins us in the first episode of season three to discuss libertarianism, Reason Magazine, and voting.


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Season Two Finale 19 Aug 202100:21:49

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The tables are turned for the Season 2 Finale of the Great antidote, and Juliette is the one being interviewed by her podcast producer Ian Nemelka. Thank you to everyone for listening. We will be back in 2022!

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Ike Brannon on Disaster Relief29 Jul 202100:47:18

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Ike Brannon, former economic advisor to the U.S. Treasury and Senior Fellow at the Jack Kemp Foundation, joins us this week to discuss disaster relief, FEMA, insurance, and the future of disaster policy in the United States.

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Samuel Gregg on Christianity and Liberalism22 Jul 202100:45:46

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Dr. Samuel Gregg, research director at the Acton Institute, joins us this week to discuss culture, the origins of morality, and the intersectionality between liberalism and christianity.

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Timothy Sandefur on Privacy15 Jul 202100:45:05

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Tim Sandefur, vice president for litigation at the Goldwater Institute, joins us this week to discuss right-to-privacy, disclosure, and anonymity of donations.

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Craig Richardson on Storytelling, Economics, and Magic07 Jun 202401:08:55

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Craig Richardson is a professor of economics at Winston-Salem State University, and the director of the Center for the Study of Economic Mobility there. Today, we talk about a ton of things, from a breakdown of compelling narratives to magic. He tells us why Elizabeth Warren is more interesting to listen to than economists, although she doesn’t understand economics as well as economists do. We talk about the importance of relationships and trust in society, from multinational corporations and small towns to the communication of big ideas. We talk about the lack of awe and magic in economics and communication, and he explains why bringing back the *wow* factor will help us personally and professionally.

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Trevor Burrus on Campaign Finance08 Jul 202100:45:56

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Trevor Burrus, research fellow in the Cato Institute’s Robert A. Levy Center for Constitutional Studies and editor-in-chief of the Cato Supreme Court Review, returns once again to the show to discuss campaign finance, the first amendment, and what the Supreme Court has to say about it.

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Scott Winship on Poverty & Welfare 01 Jul 202100:45:33

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Scott Winship, resident scholar and the director of poverty studies at the American Enterprise Institute (AEI), joins us this week to discuss the United States' "War on Poverty", the welfare state, and the future of anti-poverty policy.

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Nadine Strossen on Hate Speech 24 Jun 202100:48:47

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Nadine Strossen, civil liberties activist and former president of the American Civil Liberties Union (ACLU), joins us this week to discuss hate speech, its policy implications, and if we should be protecting it.

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Randy Barnett on the 14th Amendment17 Jun 202100:49:18

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Randy E. Barnett, professor of constitutional law and Georgetown University and Director of the Georgetown Center for the Constitution, joins us this week to discuss (what else?) The Constitution of the United States, the 14th Amendment, the controversial 'Privileges and Immunities" clause, and what constitutional law might look like in the future.

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Shikha Dalmia on Nationalism10 Jun 202100:45:23

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Shikha Dalmia, columnist at the Week, and former senior analyst at Reason, joins us this week to discuss Nationalism, its history, and its rise in the modern world.

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Megan McArdle on Failure03 Jun 202101:12:50

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Megan McArdle, economic columnist at the Washington Post, joins us this week to discuss her ideas on personal failure, and why it is such an important and crucial part of development and growth.

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Nick Gillespie on Independents27 May 202101:02:10

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Nick Gillespie, author, journalist, and former editor-in-chief at Reason joins us this week to discuss libertarianism, elections, voting, and his book Declaration of Independents. 

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Sally Satel on Addiction20 May 202100:59:40

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Sally Satel, M.D., psychiatrist, lecturer at the Yale University School of Medicine, and  Resident Scholar at the American Enterprise Institute, joins us this week to discuss the misguided perception of addiction, policies aimed at fighting addiction, and the future of public health.

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Tim Carney on Cronyism 13 May 202101:03:43

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Tim Carney, columnist at the Washington Examiner and Resident Fellow at the American Enterprise Institute, joins us this week to discuss the Export-Import Bank (EXIM), corporate welfare, and all the forms of cronyism in the United States.

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Matt Welch on Teachers Unions06 May 202101:09:40

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Matt Welch, author, blogger, and journalist, joins us this week to discuss libertarianism, teachers unions, and the future of education in the United States.

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Dan Klein on Smith: Self-Command, Pride, and Vanity31 May 202401:03:46

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Dan Klein is a professor of economics at George Mason University. Today, He talks to us about another of Smith’s great ideas: self-command. We discuss what the difference between command and control is, and how its important in today’s society. He describes the prideful man and the vain man, including details such as their reactions to unwanted estimation (usually bad, not valuing them as they value themselves or want you to value them). We discuss whether Adam Smith is a reason-oriented philosopher. This episode is jam-packed, so check it out! 

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Michelle Minton on Vaping29 Apr 202100:57:24

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Michelle Minton, senior fellow at the Competitive Enterprise Institute, joins us this week to discuss vaping, tobacco use, sodium intake, and regulations for consumer products and practices viewed as "immoral."

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Chris Edwards on "Infrastructure"22 Apr 202100:44:55

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Chris Edwards, director of tax policy studies at the Cato Institute, joins us this week to discuss the Biden administration's latest infrastructure endeavor, similar undertakings from US history, and what infrastructure actually means.

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Colin Grabow on the Jones Act15 Apr 202100:55:14

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Colin Grabow, policy analyst at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies, joins us this week to discuss foreign trade, protectionism, and the Jones Act.

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