109: COVID-19 vs. the Economy: Could A Crumbling Economy Cause More Death than COVID-19? -with Economist Daniel J. Michell
April 17th, 2020 | 39 mins 29 secs
classical liberal, congress, conservative, constitution, coronavirus, covid-19, economics, government, healthcare, house of representatives, libertarian, libertarian party, politics, potus, president, republican, rights, scotus, senate, supreme court, tradeoffs, voluntary, white house
As weeks go by with the economy stuck on pause due to the COVID-19 pandemic, many economists are starting to sound the alarm that the impact of our economy screeching to a halt could cause as much, if not more longterm death and prolonged hardship than the virus itself.
Dan J. Mitchell, a libertarian economist with a Ph.D. in Economics from George Mason University and founder for the Center for American Prosperity is amongst those economists raising his voice in concern. Mitchell joins The Brian Nichols Show today to discuss one of his more recent articles that discusses that very concern, titled, "The Temporary Tradeoff Between Health Outcomes and Economic Outcomes".
Listen as we discuss his article and then dig deeper into the dangers of a stagnant economy as it pertains to both the economic and physical health of the nation and more!
Dan's Article, "The Temporary Tradeoff Between Health Outcomes and Economic Outcomes": https://danieljmitchell.wordpress.com/2020/03/24/the-temporary-tradeoff-between-health-outcomes-and-economic-outcomes/?fbclid=IwAR105jX2H2WTyekeTWBBKoGl3mopJcxIlBqWwygApha-zOq9sosMu2ZKLZc
September 14th, 2018 | 42 mins 55 secs
ai, artificial intelligence, austrian economics, automation, ayn rand, classical liberal, congress, conservative, constitution, democrat, democratic socialism, economics, fair trade, fight for 15, free trade, government, house of representatives, libertarian, libertarian party, liberty, macroeconomics, minimum wage, nationalism, politics, potus, president, republican, rights, rothbard, rush, scotus, senate, supreme court, trump, ubi, universal basic income, voluntary, white houselibertarian
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