Are wealthy people getting wealthier because they work harder? Dr. Jonathan Newman is back on the show to discuss Robert Reich’s latest videos about debunking economic myths.

Robert Reich incorrectly blames the free market when businesses act on incentives provided by the government. He condenses this information into short, impactful videos for his audience. However, most of what Reich talks about isn’t really economics. And when he does discuss economics, he relies on flawed assumptions that have been meticulously refuted over the past century. Bob and Dr. Newman dissect the misconceptions and provide some insights.

Robert Reich’s “Debunking Economic Myths” Episode 3: [ Ссылка ]
Robert Reich’s “Debunking Economic Myths” Episode 4: [ Ссылка ]
Dr. Newman’s Post on Reich’s Episode 5: [ Ссылка ]

Join us in October for a weekend of celebration at the 2024 Mises Institute Supporters Summit in Hilton Head, South Carolina. Registration is open for Mises Members at [ Ссылка ]

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at [ Ссылка ]

Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at [ Ссылка ].

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Chapters
00:00 Introduction
01:49 Do the Rich Work Harder than Everyone Else?
07:37 Labor and Compensation
12:43 Unearned Wealth
20:00 Inherited Wealth
33:20 Are Corporate Donations Free Speech?
44:27 Is This Even Economics?

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