"Old Right" v. "New Right," Austrian Business Cycle Theory, & Govt Failure | Let People Prosper Show Ep. 53 w Dr. Bob Murphy

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​We discuss:
1) What’s been called the "old right" vs. the "new right", where Oren Cass of the “new right” gets some things correct, and the flaws in this view’s solutions to perceived market failures;
2) The Austrian Business Cycle Theory and what the Austrian School of economics tells us about current issues with inflation and interest rates; and
3) Learning from past errors in misdiagnosing economic events, theories about how the current economy will bust, and more.

​Check out his podcast, The Bob Murphy Show: https://www.bobmurphyshow.com/

Dr. Murphy’s bio:

• Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Bob Murphy Show.

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​For show notes, thoughtful insights, media interviews, speeches, blog posts, research, and more, check out my website (https://www.vanceginn.com/) and please subscribe to my newsletter (www.vanceginn.substack.com), share this post, and leave a comment.