The Great Recession Leads to Russ Roberts
I’ve always been a little interested in economics. My interest in economics didn’t translate very much into studying economics though. Most of my economic beliefs were impressed upon me by my government education. I learned fallacies like, “WWII ended the Depression” and “Minimum wage is a good thing.” With the Great Recession of 2008-2009 however, I recognized a major hole in my knowledge of how the world worked. I started to seek out economic information and actually study economics for the first time.
Russ Roberts of Econ Talk
One of the first people I stumbled across was Russ Roberts and his Econ Talk podcast. Russ’ podcast is amazing. He has a variety of guests that often include very high profile political, business, and cultural leaders. My favorite recurring guest of his is fellow economist and one time Libertarian Party gubernatorial candidate for North Carolina, Mike Munger! Russ is Chicago School trained but he leans towards the Austrian School. He strives to be fair in his podcast and he looks at all sides, often inviting very Left wing guests on his show. Econ Talk is a great gateway drug if you’re not ready for hard core freedom yet.
Russ Roberts Leads to Milton Friedman and Friedrich Hayek
Russ Roberts led me to people like Milton Friedman, and Friedrich Hayek. I read some of their books, which are very good. This kept me looking around for more. I was introduced to the Austrian School and I wanted more. Very briefly, most mainstream economists (the ones you’ll see on TV) are Keynesian Economists. They believe that government meddling in the economy is for the greater good of everyone involved. Of course government employees are going to be good Keynesians. It benefits them personally. There are other schools such as the Chicago School, which favors free markets yet still calls for some intervention. My favorite school is the Austrian School named after the founders who were mostly Austrian nationals. The Austrians provided the intellectual foundation for real laissez faire economics. Friedrich Hayek was certainly an Austrian, but the greatest of them all was Ludwig Von Mises. Mises ideas were so freedom oriented that both the Nazis and Soviets did their level best to burn all of his books. The Mises Institute is an amazing resource for information about Austrian Economics and libertarian subjects.
The Austrian School Leads to Tom Woods
Once I found out about Austrian Economics, I soon found the Foundation for Economic Education or FEE. FEE is another great resource for building up your economic knowledge. I listened to some FEE podcasts and got introduced to Mr. Tom Woods. Tom Woods is probably the best public spokesman for Austrian Economics and libertarian education. He has two great podcasts. The Tom Woods Show will blast your socks off with a daily dose of non-PC liberty edutainment. The Contra Krugman Podcast takes down Paul Krugman’s Keynesian columns once a week. As a bonus, the Contra Krugman podcast is co-hosted by Bob Murphy. Bob and Tom have an amazing dynamic. They play very well off each other to provide an amazingly entertaining and informative podcast. I can’t recommend either of these podcasts highly enough.
Now I’m barely able to keep up with all the content that Tom Woods puts out. In spite of that, I need to read some Murray Rothbard. I haven’t read any Rothbard yet and it’s time to get that block checked!