Bob goes solo to give the historical context and true meaning behind "Say's Law," as well as the caricature presented by Keynesian critics.

So-called fair trade is the rage among elites who believe that it protects people in poor nations who would like higher prices for their exports. In reality, fair trade distorts prices and provides disincentives for consumers.

The simple tautology that individuals act is not trivial, despite what critics of Austrian economics might say. As Mises noted, human action is directly related to the ability of humans to reason.

The simple tautology that individuals act is not trivial, despite what critics of Austrian economics might say. As Mises noted, human action is directly related to the ability of humans to reason.

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The Fed has owned no gold since 1934, when the Fed handed over all its gold in exchange for gold certificates.

As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.