36: Economics and Liberty with Steve Horwitz

Today, I am joined by Steve Horwitz! Steve is the Distinguished Professor of Free Enterprise in the Department of Economics at Ball State University in Muncie, IN. Listen as Steve and I discuss a number of economic topics, starting with an in-depth discussion on minimum wage, universal basic income (UBI), automation, and artificial intelligence. Next, we discuss trade in the era of Trump, focusing specifically on the differences between “free-trade” vs “fair-trade” and the dangers of economic nationalism. We conclude today’s episode with a critique of democratic socialism while presenting a realistic libertarian alternative. "There's no secret free trader hiding deep in Trump. He is what he appears to be. There is no depth to Donald J. Trump." -Steve Horwitz More about Steve: Steve is also an Affiliated Senior Scholar at the Mercatus Center in Arlington, VA, and a Senior Fellow at the Fraser Institute of Canada. He is the author of three books, including most recently Hayek’s Modern Family: Classical Liberalism and the Evolution of Social Institutions. He has written extensively on Hayek and Austrian economics, monetary theory and history, and American economic history, and is a frequent guest on radio and cable TV programs. Steve also has roots to my home up in Northern New York, having started his career at back in 1989 in St. Lawrence University up in Canton, NY. Follow Steve on Facebook: https://www.facebook.com/steve.horwitz Read Steve’s Work: https://www.cato-unbound.org/contributors/steven-horwitz & https://www.libertarianism.org/people/steven-horwitz. Support The Brian Nichols Show Learn more about your ad choices. Visit megaphone.fm/adchoices