Bastiat vs. Modern Monetary Theory: A Timeless Refutation with Dr. Jonathan Newman

Bastiat vs. Modern Monetary Theory: A Timeless Refutation with Dr. Jonathan Newman Join us on The Rational Egoist as host Michael Liebowitz and guest Dr. Jonathan Newman, a Fellow at the Mises Institute and expert in Austrian economics, delve into how Frederic Bastiat anticipated and debunked the core ideas of Modern Monetary Theory (MMT) back in the mid-19th century. This episode bridges past and present, revealing Bastiat's critical insights on government spending and economic prosperity that echo through today's policy debates. Discover the timeless wisdom of Bastiat and its relevance to understanding and critiquing contemporary economic policies. Don't miss this thought-provoking exploration of economic thought's enduring impact.Michael Leibowitz is a renowned philosopher, political activist, and the esteemed host of the Rational Egoist podcast. Inspired by the philosophical teachings of Ayn Rand, Leibowitz passionately champions the principles of reason, rational self-interest, and individualism, seeking to empower others through his compelling work. His life’s narrative exemplifies the transformative power of Ayn Rand’s writings. Having faced challenging circumstances that led to a 25-year prison sentence, Leibowitz emerged from adversity by embracing the tenets of rational self-interest and moral philosophy put forth by Ayn Rand. This profound transformation propelled him to become an influential figure in the libertarian and Objectivist communities, motivating others to adopt reason, individualism, and self-interest in their own lives. Beyond his impactful podcasting endeavours, Leibowitz fearlessly engages in lively political debates, advocating for the protection of individual rights and freedoms through compelling YouTube videos and insightful interviews. His unwavering commitment to these ideals has garnered him a dedicated following of like-minded individuals.Leibowitz is a versatile author, co-authoring the thought-provoking book titled “Down the Rabbit Hole: How the Culture of Correction Encourages Crime.” This groundbreaking work delves into societal attitudes surrounding punishment and rehabilitation, shedding light on how misguided approaches have contributed to the rise of crime and recidivism. Additionally, he has authored the book “View from a Cage: From Convict to Crusader for Liberty,” offering an intimate portrayal of his personal journey while exploring the philosophies that influenced his transformation. As you embark on your intellectual journey, join Michael Leibowitz as he advocates for reason, individualism, and the pursuit of self-interest, inspiring others to embrace a philosophy that empowers and uplifts the human spirit.For a deeper exploration of his ideas and insights, don’t miss the opportunity to read “Down the Rabbit Hole: How the Culture of Correction Encourages Crime,” co-authored by Michael Leibowitz. And also, delve into his book “View from a Cage: From Convict to Crusader for Liberty.” Both books are available for purchase using the following links:“Down the Rabbit Hole”: https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X“View from a Cage”: https://books2read.com/u/4jN6xj