249. What Is Subjective Value?

Economists who think they can plan for the entire economy get a lot of things wrong. The most important thing they get wrong is ignoring the role individual preference plays in determining the value of goods and services. Here’s a transcript of our conversation: Brittany: Hi, Emma. Emma: Hi, Brittany. Brittany: So today I wanna talk about something […]

192. Who Was Murray Rothbard?

Murray Rothbard is one of the most important figures in Austrian Economics and the libertarian movement. Today Connor and Brittany dive into his biography and how he helped influence the modern liberty movement. Links: Conceived in Liberty Volumes 1-4 What Mises Said about Rothbard Anatomy of the State The Tuttle Twins and the Fate of […]

189. Why Should You Care About Austrian Economics?

Today, Connor and Brittany are joined by Jeff Deist, the president of the Mises Institute in Auburn, Alabama. They discuss Austrian economics, and why it’s so important to the concept of individual liberty and economic freedom. Links:  Mises Institute Here’s a transcript of our conversation: Connor: Hey, Brittany. Brittany: Hi, Connor. Connor: You know, when I was red-pilled […]

116. What Is The Sunk Cost Fallacy?

What happens when you continue a pursuit you’ve invested a lot of time in when that pursuit stops giving you meaning or value? Some people think you should stick with it, but this is a logical trap known as the “sunk cost fallacy.” Definition: Sunk Cost Fallacy: When a person or a business sticks with […]