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economics

30 December 2014

Ron Paul – Hey Fed! It’s The Free Market Stupid, Pt I

"In 1971 it happened, and that’s when I started speaking out [about the Fed.] Really nobody listened. There were a lot of seeds planted about sound money, especially by Murray and others, and Mises. They talked about this. There was no audience out there. I would go to campuses, when I first went into Congress, and I would get 20 or 30 people come out and maybe convert one or two."
06 January 2014

Debt Makes The NSA & War Possible, The Fed Makes Debt, See The Problem?

"There are a couple of ways you can think about the national legislature’s debt. One of the ways I suggest you think about it is that this is future pain. That’s what it is, future pain, future misery, and future tyranny. If there is an actual effort to pay the debt or to honor the commitments that make up part of the $222 trillion debt, that would then require a confiscation of private wealth and private property that today seems incomprehensible."
16 December 2013

Malvasi – Consumer Credit Society Impoverishes Wealth And Soul

Mandeville, LA – Exclusive Transcript – "According to the Reuters News Agency, the Sparkasse Bank in Chemnitz recently issued a MasterCard adorned with the hoary visage of Marx himself. So, now you can get a MasterCard Karl Marx edition. Doesn’t this play right into Marx’s adage that the capitalist would sell the very rope that would be used to hang himself?" Check out today’s transcript for the rest…
12 November 2013

What Did The Founders Think Of Big Government? Let’s Ask John Taylor Of Caroline

Mandeville, LA – Exclusive Transcript – The last caller to the program asked me what I thought the founders, why they opposed or why they afraid of big government. I said to him that to answer that question, you’d have to understand or explain exactly what big government would have meant to them. It did not mean to them what it means to us today, because we see this monstrosity and this excessive abuse of power that unfortunately has become commonplace, it seems, has been accepted by the rank-and-file citizenry out there, and is the great tragedy indeed of the early part of the 21st century, I think. Check out today’s transcript for the rest…
12 November 2013

Conservative, Tea Party, And Republican Are Not Synonyms

Mandeville, LA – Exclusive Transcript – Here’s the headline from the magazine post: “Why the Tea Party Can’t Govern.” Here, let me give you the tease, “Something is seriously wrong with conservatism.” Let me stop right there. Damn skippy, yeah! Hello!? Conservatism is an advertising slogan. That’s what’s wrong with it. Anything that becomes an ism, you might say, is probably, going back to Frohnen’s post about “What is this Thing called Virtue?” is something that is not going to produce results that people think it’s going to produce. Check out today’s transcript for the rest…
25 October 2013

Caller Steve Says Resistance Is Futile And We Will All Be Assimilated By Leviathan

Mandeville, LA – Exclusive Transcript – What’s a solution, Steve? What’s a solution? Why don’t you give me one? I have a very long, nice, written record that you can go to at this place called MikeChurch.com and you can see all the proposed solutions you would like to see. They were all aired on this radio channel. Why don’t you tell me what your solution is then? Check out today’s transcript for the rest…
22 October 2013

Caller David Says The End Is Near And The Bottom Will Fall Out Of America

Mandeville, LA – Exclusive Transcript – Folks, if you’re wondering what he’s talking about, here’s what happens. The borrowing authority is granted by lifting the so-called debt ceiling. Where does the money come from? Do you just print it off? That’s one way that you could do it. What generally happens is the Treasury Department tells all their buddies on Wall Street: We’re going to issue $110 billion in Treasury notes. Check out today’s transcript for the rest…
07 October 2013

Obamacare – An Austrian Economics Lesson

Mandeville, LA – Exclusive Transcript – In Human Action, you learn one of the principles of the Austrian economists is you can’t predict what people are going to do. A scheme like the Affordable Care Act is what you should call a planned market. It is a centrally-planned market. Centrally-planned markets don’t work. They do not deliver what it is they are created to deliver. They don’t deliver it because they can’t. It is impossible to predict human action, thus the title. Check out today’s transcript for the rest…
02 October 2013

Nearly A Half-Million Employees Left At Department Of Defense, And That’s With Half Furloughed

Mandeville, LA – Exclusive Transcript – If you weren’t opposed to the standing army from the standpoint that the framers of the Constitution and the generations that came after them had been very wary of and with very good reason of having standing armies lying around for obvious reasons, perhaps the latest statistics from the shutdown will warm you to the idea of at least considering this. Check out today’s transcript for the rest…
02 September 2013

Raise The Minimum Wage, Destroy The Market

Mandeville, LA – Exclusive Transcript – Any wage control damages a market because it has an effect on the price mechanism. Wage is part of the price mechanism, too. Your ability as a businessperson to set the wage, this is part of the price mechanism. This is how you arrive at how much to sell the donut for. The labor cost, that goes into the price mechanism. Anytime the government comes in and sets the price, it is altering forever the market economy. It’s going to have unintended consequences. Check out today’s transcript for the rest…
09 August 2013

Community Rises Above Inequality And Endures

Mandeville, LA – Exclusive Transcript – As we grow further and further and further away from any shared theological experience. We grow further and further away from any possible chance to be knit together as communities ever again. I don’t think that this plays itself out until there’s anarchy. I just think we’re in a phase right now, an epoch, and it’s our job as good Christian citizens to fix it. You can only fix it by leading by example, as I’ve often told many callers. Check out today’s transcript for the rest…
09 August 2013

No Matter Who’s Running The Economy, It’s In The Red And Getting Worse

Mandeville, LA – Exclusive Transcript – In what document, under what rule, under what act of Congress, under what amendment to the Constitution has any president ever acquired the power to “run the economy”? My reading of history, the president doesn’t have the power, shouldn’t have the power, and you shouldn’t want to confer it on him, yet here we are. Check out today’s transcript for the rest…
28 July 2013

The TSA is Always Right; Understand Citizen?

Mandeville, LA - Exclusive Transcript - This particular post here by Jeffrey Tucker just strikes a nerve with myself and I'm sure with many of you because Tucker puts into words something that we have tried to put into words here and have been unsuccessful in doing so, I think. But now that I have this one I'm going to keep it at the ready.
19 July 2013

Americans Can Say We Live In A Free Market Economy, But That Doesn’t Make It True

Mandeville, LA – Exclusive Transcript – You have to have trust in the price system and the market. That’s really one of the great fields of unexplored study in mainstream discourse in the United States, the study of actual free market, the way markets work and the way the price system is the greatest regulator and distributor of resources in the history of man. Check out today’s transcript for the rest…
19 July 2013

Detroit Bankruptcy Isn’t Just About Economics, It’s About Values

Mandeville, LA – Exclusive Transcript – We have the news from Detroit. This is really sad, really sad and tragic. It’s not sad and tragic just in an economic sense. If you haven’t heard the news, Detroit is going to become the largest municipal bankruptcy in the history of the United States as it has filed for bankruptcy protection. Much of this, I think, could have been averted, but it probably couldn’t have been averted in the last ten years. In other words, what was set in motion 40 years ago, maybe 50, is what is responsible for this. Check out today’s transcript for the rest…
10 July 2013

Student Loans Belong In The Market, Not The Government

Mandeville, LA – Exclusive Transcript – Once something becomes law, even if the Republican Party opposed it, they will ultimately find a way to make it their own, and it will then become a part of conservatism. Sure enough, student loans have now become part of a conservative policy in the House of Representin’, I guess. Members of the GOP are demanding that action be taken immediately to spare those students out there the unbelievable horror and fate of their interest rates, on the free money that was granted to them by the federal government, doubling. Check out today’s transcript for the rest…
07 June 2013

The Media Won’t Tell You But The Numbers Don’t Lie, The Recession Is Back

Mandeville, LA – Exclusive Transcript – It ought to be a subject of discussion frequently on this show that we talk about these economic events and affairs. If you are of the Austrian economic school, you know that what Ben Bernyankme and company, and what the Congress has allowed Bernyankme to do is to set the table for an awful bubble burst, worse than the one in 2008. The one in 2008 may have been comprised of some unintended consequences. The one that’s coming our way now is comprised of almost all intended consequences. Check out today’s transcript for the rest…
30 May 2013

Tennessee Valley Authority – Just Another Entitlement Program

Mandeville, LA – Exclusive Transcript – It’s all regulated by the state. These things are operated under the supervision of these god-awful things called public service commissions. All they do is ensure that the utility is guaranteed to make a vast, vast profit on the sale. They could still make the profit, but if they had to compete for it, they would then have to actually be out and in the business of marketing. They might have to improve delivery of services. There are all kinds of things that could happen if there was competition for the generation of electricity. Check out today’s transcript for the rest…
09 May 2013

Social Security Is A Giant Ponzi Scheme – The Money’s Been Spent!

Mandeville, LA – Exclusive Transcript – If you need any more proof, as if you needed it, that Social Security is a Ponzi scheme, and that there is no trust fund, and that the trust fund was squandered and used in real time decades ago, here you go. It’s contained in the story. If the immigration bill the Gang of Eight is proposing is passed, it could provide a boost, says the story. It could provide a boost for Social Security. Check out today’s transcript for the rest…
09 May 2013

Dr. Eric Helps Us Unravel The Web That Is Medicare And Medicaid

Mandeville, LA – Exclusive Transcript – Caller Eric: A hospital may charge, say $140,000 and get paid $12,000, because Medicaid and Medicare set a fee schedule and say: Hospital, here’s your $12,000 for a total knee. You figure out how to make money. The rest of that charge is not allowed to be passed onto the patient by law. Check out today’s transcript for the rest…
07 May 2013

Sales Taxes Go Way Back…And They’re Always A Bad Idea

Mandeville, LA – Exclusive Transcript – “Sales Tax: History of a Dumb Idea” by Mason Gaffney, this is part of my post. I found this wonderful essay written by Mr. Gaffney in Insights Magazine back in 2005 about sales taxes. He writes about the history of the sales tax. It goes way, way back, farther than you can ever imagine. Check out today’s audio and transcript for the rest…
29 April 2013

Central Economic Planning Dictates We Make Tanks And More Tanks

Mandeville, LA – Exclusive Transcript – What do we need tanks for? I know what we need them for, but what do we need more for? So it’s a jobs program. The military thus, and the reason why the defense budget is defended so vociferously by Republicans is not for national defense; it is for corporate defense. It is to make sure that the leviathan continues to shower favored corporations that lobby for the money tens if not hundreds of billions of dollars per year. That’s what it’s for. Check out today’s audio and transcript for the rest…
25 April 2013

Caller Greg Says Single Parents Are Just As Good As Two Parents

Mandeville, LA – Exclusive Transcript – Greg, on your behalf, because it sounds like you need that information in order to have a good day, I will go and find the information. As soon as I get the numbers, I will be more than happy to share them with you. Anecdotally speaking in the meantime and not empirically speaking, anecdotally speaking, I do not believe that there is any case to argue that a two-parent family is, by and large, disproportionately better off with children than a single-parent family of children that are conceived out of wedlock. Check out today’s audio and transcript for the rest…
The EBT Song // Mike Church Show Band - Anthology
  1. The EBT Song // Mike Church Show Band - Anthology