The Human Action Podcast


The Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.


Auburn, AL




The Human Action Podcast features in-depth interviews on current topics in economics through an Austro-libertarian lens.








Why This Recession is Different

Back in January Jeff Deist joined the Austrian Economics Discord Server for a live event concerning trends in 2023. Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal stimulus relative to monetary stimulus, and ongoing supply shock issues from COVID. This is a far-ranging discussion of the landscape for the Fed, persistent inflation, and a looming recession. Includes Q and A from the audience.


Is Economics a Dead Discipline?

Professor Per Bylund of Oklahoma State University, author of How to Think About the Economy joins Jeff and Bob to dissect how economics went so badly wrong. A discipline rooted in theory, axioms, and deduction has devolved into statistics, models, and hard science envy. Is the economics profession doing any good, or active harm? Per's new book How to Think About the Economy: Gary North and Walter Block debate "Is it Smart to Get a PhD in Economics":


Davos: Has Globalism Peaked?

Jeff and Bob break down this week's Davos WEF conference and consider whether global elites really have the mechanisms to impose their plans. Johnny Vedmore's analysis of Schwab's origins: Scott Greer says America's right-want needs to stop dwelling on Schwab: Schwab bragging about penetrating Cabinets:

Dr. Peter Klein on the Disconnect in Labor Markets

Dr. Peter Klein, professor of entrepreneurship at Baylor University and co-author of the new book Why Managers Matter, joins Jeff and Bob to explain the huge disconnect between supply and demand for labor in post-COVID America. Dr. Klein's new book Why Managers Matter:


How FedGov Destroyed the Housing Market

There is no real housing market in the US. Instead, an unholy trinity of Fannie/Freddie, the US Treasury, and the Federal Reserve Bank operate to distort the market at every turn and drive home prices up dramatically. Mises Institute Senior Fellow Alex Pollock, an economist and former mortgage banker, joins Jeff to describe the reality few Americans know. Alex Pollock's new book Surprised Again: The Covid Crisis and the New Market Bubble : Alex Pollock on how the Fed...


The Human Action Podcast Predictions for 2023

Bob and Jeff make their provocative 2023 predictions for the economy, the Fed, politics, world events, and cultural issues.


Jeff Deist on What 2023 Portends

This week's show features a bare-knuckle discussion between Jeff and José Niño of "El Niño Speaks" on the biggest political, economic, and cultural events of 2022—and what they portend for 2023. You don't want to miss Jeff's unvarnished thoughts on the Left, the Right, the economy, and what is sure to be a turbulent New Year. Read José's Substack:


The Decline of Public Intellectuals

Does 2022 America still have legitimate intellectuals? Professor Paul Gottfried joins Jeff and Bob to consider the state of real and pseudo-intellectualism.


Are Capital Markets Corrupt?

Hunter Hastings of Economics for Business joins Jeff for a thoroughgoing discussion of how monetary and fiscal policy distort capital markets and create perverse incentives for financialization rather than real production. Jeff Deist, "Does M&A benefit the economy?": Rothbard's America's Great Depression: The Economics for Business Podcast:


The Bad Economics of Twitter

Jeff and Bob break down the good, bad, and ugly behind Elon Musk's purchase of Twitter.


Can We Fix the Economy?

Jeff and Bob record a special Thanksgiving episode for Money Talk 1010 AM on what it really takes to fix the US economy. Mark Thornton on the coming economic crisis: Listen to Jeff on Money Talk 1010 every Thursday at 9:00am ET:


Will the FTX Scandal Bring Down "Crypto"?

Jeff and Bob discuss whether the FTX scandal will be used to justify new "crypto" regulations or even the creation of a central bank digital currency. Caitlin Long and Sam Bankman-Fried debating leveraging Bitcoin: Mises on circulation credit vs. commodity credit: President of the Minneapolis Fed Neel Kashkari on CBDCs:


Daniel McCarthy Dissects the Midterm Election

Daniel McCarthy joins Jeff and Bob to consider the deep unseriousness of American politics and electorate. Willmoore Kendall's The Conservative Affirmation:


The Socio-Politics of the Midterms

Jeff joins Chris Casey of WindRock Wealth Management for a deep analysis of next week's punishing midterm elections.


Words as Weapons

Criticisms of hapless Senate candidate John Fetterman are labeled "ableist," while Elon Musk's takeover of Twitter is deemed fascist. Jeff and Bob take a hard look at the linguistic battlefield and the corruption of language as an institution. Jeff's paper on language, "Evolution or Corruption?": George Orwell's essay "Politics and the English Language": Ken Smith's Junk English: Bryan Caplan on "Privilege":


The Need for Beauty in Economics

Free Markets are often criticized for producing ugly, dystopian, consumer-driven landscapes, but is this true? Jeff explains how we need more than intellectual appeal to advance the cause of liberty—we need an appeal to beauty. Watch other talks from our 40th Anniversary Celebration:


Bernanke's Sordid Nobel Prize

Dr. Bob Murphy and Jeff Deist discuss the nauseating elevation of former Fed Chair Ben Bernanke to Nobel Prize winner.


Toby Baxendale on the Coming Financial Repression

UK entrepreneur and founder of the Cobden Centre Toby Baxendale joins Bob to discuss meeting Hayek, the history of economists supporting 100% reserve banking, and the tools central banks and governments will use to enact "financial repression."


The Economics of War

Daniel McAdams of the Ron Paul Institute joins Jeff and Bob to discuss the economic and political ramifications of the Nord Stream 2 pipeline sabotage. Read "The Economics of War" from Human Action: Read a study Bob co-authored on Europe's energy crisis:

Daniel McCarthy on the Libertarian and Conservative Divide

Daniel McCarthy, editor of Modern Age, joins Jeff to consider the state of modern conservatism, modern libertarianism, and whether they can or cannot find common ground. Watch Daniel's talk at the LSC 2022: Read The Conservative Affirmation: