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Replacing the income tax, protecting American workers, serving as a negotiating tool, reducing the national deficit, reducing national debt, and more. We’re told that tariffs are going to do all sorts of great things. Mark Thornton sets the record straight and explains why tariffs are unequivocally a bad thing. Additional Resources “The Goose that Laid the Golden Egg” by Mark Thornton: https://Mises.org/U4_A “Ludwig von Mises on Trade, Human Development, and Human Progress” by Mark Thornton: https://Mises.org/U4_B “The Political Economy of Protectionism” by Thomas DiLorenzo: https://Mises.org/U4_C “Protectionism and Immigration Reform” by Ryan McMaken: https://Mises.org/U4_D “Protectionism Abroad and Socialism at Home” by Ron Paul: https://Mises.org/U4_E “Protectionism Is Not the Answer to the Canadian Fur Trade’s Problems” by Daniella Bassi: https://Mises.org/U4_F “Mises on Protectionism and Immigration” by Matthew McCaffrey: https://Mises.org/U4_G “Herbert Spencer: Protectionism Is Aggressionism“ by Gary Galles: https://Mises.org/U4_H “Protectionism Is Immoral, Unjust, and Corrupt” by James Bovard: https://Mises.org/U4_I “Review of Peddling Protectionism: Smoot-Hawley and the Great Depression by Douglas A. Irwin” by David Howden (QJAE 18, no. 2 ): https://Mises.org/U4_J “Protectionism, War and the Southern Tradition” by Lew Rockwell (The Costs of War): https://Mises.org/U4_K “Protectionism: Origin and Effects” by Thomas DiLorenzo (Mises University 2010): https://Mises.org/U4_L “Free Trade vs. Protectionism” by Carmen Elena Dorobăț (Mises University 2024): https://Mises.org/U4_M “Free Trade vs. Protectionism” by Shawn Ritenour (Mises University 2022): https://Mises.org/U4_N “Free Trade vs. Protectionism” by Lucas M. Engelhardt (Mises University 2023): https://Mises.org/U4_O “Clarifying Economists Arguments about International Trade” by Bob Murphy (Human Action Podcast): https://Mises.org/U4_P “Do Trump Tariffs Make Sense” (The Bob Murphy Show): https://Mises.org/U4_Q “Here’s why Trump thinks tariffs are good for the US — and what the experts say” by Aimee Picchi (CBS News): https://Mises.org/U4_R Subscribe to this monthly podcast at https://Mises.org/Unanimity. Music: “My Universe” ℗ 2006 Kate Higgins (katehiggins.com). Used with permission.

For just $25, you can receive our December Bundle, including three essential reads: Tom DiLorenzo's Axis of Evil: America’s Three Worst Presidents, Per Bylund's How to Think About the Economy, and Murray Rothbard's What Has Government Done to Our Money?. Claim your bundle now at https://Mises.org/HumanAction24 Keith Smith, MD is an anesthesiologist and founder of the cash-price Surgery Center of Oklahoma. In the wake of the shooting of UnitedHealth CEO Brian Thompson, Keith explains why US health care is so expensive and how to fix it. The Surgery Center of Oklahoma: https://Mises.org/HAP479a The Story of the $100 Hospital Aspirin: https://Mises.org/HAP479b Primal Prescription: Surviving the 'Sick Care' Sinkhole: https://Mises.org/HAP479c Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/podcasts ... https://www.youtube.com/watch?v=ND4-QT5mn6Q

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Zachary Yost to discuss a new book, The Source of Russian Aggression by Sumantra Maitra. The three talk about the theory of international realism, its application to the military actions of the Russian state in Ukraine and Georgia, and what it means for better understanding foreign policy broadly. The Sources of Russian Aggression: Is Russia a Realist Power? by Sumantra Maitra (PDF): https://Mises.org/MaitraBook "Review: The Sources of Russian Aggression" by Ryan McMaken: https://Mises.org/mises-wire/review-sources-russian-aggression Donate $25 or more today and receive our December Book Bundle: https://Mises.org/RadioRothbard24 The World at War by Ralph Raico: https://Mises.org/RaicoWar Get your “Murray Christmas” Ugly Christmas Sweater: https://Mises.org/Ugly Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off ... https://www.youtube.com/watch?v=o3ta1xF10Ds

The Biden administration, and the political establishment more broadly, is scrambling to ram through policies that a majority of voters just voted against. Their actions expose that their supposed commitment to democracy is a lie. Read the article here: https://mises.org/mises-wire/establishments-principles-are-fake Be sure to follow the Guns and Butter podcast at https://Mises.org/GB Connor O’Keeffe produces media and content at the Mises Institute. He has a master’s in economics and a bachelor’s in geology. https://x.com/ConnorMOKeeffe ... https://www.youtube.com/watch?v=cRYOF3MkTqk

Is the black-market economy immune to inflation? It would seem that the price of illegal pot has been declining or steady for several years while legal pot is higher in price and everything else has increased in price. We have all been suffering from higher prices, lower quality, and poor service. Is marijuana the magic elixir for economic performance and a cure for the Fed’s inflation? Might it help make America great again? Donate $25 or more and receive the December Book Bundle: https://Mises.org/MinorIssues24 Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree. Follow Minor Issues at https://Mises.org/MinorIssues. ... https://www.youtube.com/watch?v=XO0JeS0GNn8

If you thought federal deficits and spending would go back to normal after the covid panic, you were wrong. If anything, deficits are now on track to be bigger than the covid years. Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL ... https://www.youtube.com/watch?v=gfuEs147Uos

For just $25, you can receive our December Bundle, including three essential reads: Tom DiLorenzo's Axis of Evil: America’s Three Worst Presidents, Per Bylund's How to Think About the Economy, and Murray Rothbard's What Has Government Done to Our Money?. Claim your bundle now at https://Mises.org/HumanAction24 Using the heavily marketed movie "Wicked" as his news hook, Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s, including William Jennings Bryan's famous "Cross of Gold" speech. Bob fills in the details about the Wizard of Oz lore, and then explains the economics of bimetallism in the United States. Bob's Book, Understanding Money Mechanics: https://Mises.org/HAP478a The Wikipedia Article on the Political Interpretations of The Wonderful Wizard of Oz: https://Mises.org/HAP478b The Wikipedia Article on the Wicked Novel: https://Mises.org/HAP478c The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/podcasts ... https://www.youtube.com/watch?v=bwhhH4SMxHM

Mises Institute President Tom DiLorenzo joins Ryan McMaken to look at the many ways that the taxes, known as “tariffs,” destroy wealth and empower the state. Donate $25 or more today and receive our December Bundle Special: https://Mises.org/RadioRothbard24 Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: https://mises.org/events/educating-liberty-mises-circle-tampa Anatomy of the State by Murray Rothbard: https://mises.org/Anatomy Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREE Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off ... https://www.youtube.com/watch?v=kksJSukUmYI

Progressives are openly cheering the murder of the CEO of UnitedHealthcare. However, it was progressive legislation that created this healthcare crisis in the first place. Read the article here: https://mises.org/mises-wire/progressivism-and-murder-health-insurance-ceo Be sure to follow the Guns and Butter podcast at https://Mises.org/GB Connor O’Keeffe produces media and content at the Mises Institute. He has a master’s in economics and a bachelor’s in geology. https://x.com/ConnorMOKeeffe ... https://www.youtube.com/watch?v=77kBOhjV3Y8

Mark Thornton discusses why increased government spending not only explains ongoing wayward increases in the GDP, employment, and stock price numbers, but also why so many people decided to vote against the incumbent in favor of the challenger, Donald Trump. The key variable is that government spending in GDP statistics does not reflect true economic value the way your personal spending does. “Federal Government: Current Expenditures” (Federal Reserve Bank of St. Louis): https://fred.stlouisfed.org/series/FGEXPND Donate $25 or more and receive the December Book Bundle: https://Mises.org/MinorIssues24 Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree. Follow Minor Issues at https://Mises.org/MinorIssues. ... https://www.youtube.com/watch?v=Sc4L9TLVYN0

Interest rates, inflation, home prices, and federal spending all pose big challenges to a Trump administration that is ill-prepared to deal with the deep-seated problems in the US economy. Donate $25 or more today and receive our December Bundle Special: https://Mises.org/RadioRothbard24 Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: https://mises.org/events/educating-liberty-mises-circle-tampa Anatomy of the State by Murray Rothbard: https://mises.org/Anatomy Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREE Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off ... https://www.youtube.com/watch?v=ZYfQ0qIih3o

The Washington political establishment is alarmed that President-elect Trump wants to appoint Kash Patel as FBI director, claiming that Trump’s choice will “politicize” the FBI. However, the FBI has always acted as secret police for the established political class. Read the article here: https://mises.org/mises-wire/fbi-has-been-political-start Be sure to follow the Guns and Butter podcast at https://Mises.org/GB Connor O’Keeffe produces media and content at the Mises Institute. He has a master’s in economics and a bachelor’s in geology. https://x.com/ConnorMOKeeffe ... https://www.youtube.com/watch?v=FamD2Udmotk

In 1997, Bryan Caplan wrote an essay explaining why he was no longer a self-described Austrian. Recently, a reader asked him to comment on that essay. Bob reacts to Bryan's current views, arguing that the history of economic thought is indeed important, and the Misesian approach to praxeology is crucial. Bryan Caplan's Recent Article: https://Mises.org/HAP476a Bryan Caplan's "Why I Am Not an Austrian Economist": https://Mises.org/HAP476b Hoppe's Economic Science and the Austrian Method: https://Mises.org/HAP476c Bob's Cambridge University Press Article on Böhm-Bawerk's Critiques: https://Mises.org/HAP476d A Modern Guide to Austrian Economics: https://Mises.org/HAP476e Bob and David Freidman, "The Chicago Vs. Austrian School Debate": https://Mises.org/HAP476f The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/podcasts ... https://www.youtube.com/watch?v=X9nPQP6Ng7s

In What Has Government Done to Our Money? Murray Rothbard changes your whole view of the world—not just money. He opens our eyes and clarifies the mysteries of money, banking, and the role of government. See also "Economic Depressions: Their Cause and Cure" by Murray Rothbard: https://Mises.org/Cure Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree Follow Minor Issues at https://Mises.org/MinorIssues ... https://www.youtube.com/watch?v=rMaTET6-cwQ

In this episode, Ryan McMaken takes a look at how the domestic and commercial rituals of the Thanksgiving holiday are things that communists really don't like. Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: https://mises.org/events/educating-liberty-mises-circle-tampa Anatomy of the State by Murray Rothbard: https://mises.org/Anatomy Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREE Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug  PROMO CODE: RothPod for 20% off ... https://www.youtube.com/watch?v=0hT1gn22Hhg

It is unlikely many of the Department of Government Efficiency's recommendations will ever be implemented. The value of the DOGE lies in how it exposes government waste. Read the article here: https://mises.org/mises-wire/dont-sell-doge-short-yet Be sure to follow the Guns and Butter podcast at https://Mises.org/GB Connor O’Keeffe produces media and content at the Mises Institute. He has a master’s in economics and a bachelor’s in geology. https://x.com/ConnorMOKeeffe ... https://www.youtube.com/watch?v=uvXOT3iIGPE

Bob discusses common talking points that pro-free-trade economists often use when making the case against tariffs. The purpose is to facilitate discussion so both sides have a deeper understanding of the subtle issues involved. Bob's Article on Trade Deficits: https://Mises.org/HAP475a Steve Landsburg on Obama's State of the Union Remarks about Exports: https://Mises.org/HAP475b The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​. Twitter ► https://twitter.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/podcasts ... https://www.youtube.com/watch?v=weF4DX4we_g

The gold standard hampers the growth of government power, which helps people more effectively fight bad policy—like the disastrous War on Drugs. Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree Follow Minor Issues at https://Mises.org/MinorIssues. ... https://www.youtube.com/watch?v=FRCOZwkYVes

Ryan McMaken and Zachary Yost look at some of the ways Trump’s foreign policy might actually be a step in the right direction. Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: Anatomy of the State by Murray Rothbard: https://mises.org/Anatomy Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREE Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off ... https://www.youtube.com/watch?v=h3Dw347vuw0

In an outrageous act, lame-duck President Joe Biden gives Ukraine permission to fire US-made missiles into Russia itself. Given Russian President Putin's declaration that this attack is an act of war against Russia, Biden's actions clearly are reckless. ... https://www.youtube.com/watch?v=172oFuCAeW8