In Episode 48, Host Andrew Smith discusses the perversion of the Taking Clause, why the takings clause should be removed from the Constitution via a constitutional amendment, the Kelo case, and now Pleasant Ridge vs the City of Charlestown, Indiana. He sets the record straight regarding the "fair market value" myth, and discusses why it is economic…

Bureaucracies Operate Under a Different Incentive than Private Enterprise... In private enterprise companies and even not-for-profits (with more than one donor) operate under the profit and loss motive - prices send signals to entrpreneurs, telling them what society most urgently demands be produced with the means of produciton.... Bureaucracies on…

Left-Wing Economist and Politicians use the fallacious claim that "low skill workers have no bargaining power" to justify the minimum wage, while simultaneously stripping bargaining power from them through overtime pay laws. They base their fallacious claim on another fallacy - the low skill labor buyers monopoly. In Episode 46 of TheMacroView Host…

Bill Gates is Quickly Becoming a Common Theme on TheMacroView thanks to his continuous nonsense spewing in public interviews - and the use of his wealth by other outlets as examples of how so-called income inequality is worse than ever before... This time, once again, it is thanks to his own economic ignorance... Either Bill Gates has intellectuall…

In Modern Mainstream Economics, academics and the well-read politician may refer to a concept which they call friction or frictional costs. In doing so what they are referring to is the cost of living for the unemployed that is seeking a job. Examples they may cite as frictional costs include the cost of traveling around the city or town in an effo…

A recent article from HumanProgress.org highlighted the incredible increase in labor productivity and standard of living using the lightbulb. In tonight's episode we discuss the myriad of 19th, 20th and 21st century innovations that we often take for granted! The fact is that we have an incredible and unprecedented prosperity, the highest standard …

Tonight on TheMacroView Special Guest and Libertarian Leadership Coach Michael Pickens joins us to discuss the Future of the Libertarian Party... Everything from Michael's Success, How to create more successful campaigns, Candidates running or planning to run for office, Marijuana Legalization, Strategies to build coalitions, and Michael's end goal…

The hyperbole surrounding the climate science debate is one of the most frustrating parts of society today... Let's set the facts straight. Assuming it is not a hoax, what do the models actually say? Tonight we go through the models and discuss, from a realistic standpoint, what the implications of climate change are likely to be... From hotter tem…

In the final part of this 4 part series we discuss equity risk measures, asset risk and portfolio level risk. Risk measures, as with all financial analysis are tools, not predictors. They can help the investor to assess and judge risk levels as compared to expected (judged) potential reward. They are not hard and fast rules, they are not perfect, t…

Tonight we discuss Debt Risk Concepts such as the Recovery Rate, Probability of Default, Loss Given Default, and Where to Find Certain Items on a Company Balance Sheet, Income Statement and Cash Flow Statement. For anyone thinking of investing in corporate bonds these concepts are vital to the valuation. You must be able to assess risk of default a…

In part two of this multi-part series, we discuss the Compound Annual Growth Rate while debunking the recent Oxfam Report claiming Bill Gates will become the world's first Trillionaire due to concentration of wealth trends, we discuss Cap Rates, and Commonly Used Valuation Ratios for Stock Market aka Equity Investing. Don't miss out - If you're int…

In the first part of this multi-part series, host of TheMacroView and Chartered Alternative Investment Analyst discuss the foundations of investment valuation. Herein, he covers Present and Future Values, The Discount Rate, Discounted Cash Flow Analysis, Net Present Value, the Internal Rate of Return and the issues with the IRR, as well as the Modi…

Beyond his childish antics and smugness, besides the fact that he just has one of those faces, like Ted Cruz, that is really hard to like, and besides the fact that I think he is very likely using the Libertarian Party as a platform for self-aggrandizement, the reason why I truly dislike Austin and think he is not and very likely never will be a go…

In the final part of this 3 part series, we discuss how people knew that a certain commodity would be accepted for as a medium of exchange, Mises' regression theorem, recent money mischief conducting by governments around the world and why bitcoin is controversial in circles of economists coming from the Austrian tradition. Government's around the …

Last night we discussed the what money is, the problems it solves, and why it is naive to think that a wise and benevolent dictator could have possible come up with the idea of money... Tonight we discuss how money actually came to be, the qualities that were required of a commodity in order for it to become a money, and why gold and silver have hi…

Money is an universally accepted medium of exchange. What is Money? Why is there money? What problem does it solve? Did the government create money? Carl Menger gave answers to these questions and many more about where money came from and why it exists... Tonight we explore these three key questions - tomorrow night and the following we discover mu…

On the 5th and final part of this five part series on Understanding the Fundamentals of Financial Markets, we debunk the Deregulation Myth and use the Logic of Liberty to show how Government Interventions in Financial Markets Distort the Market and Hurt Everyone! From The Fed, The FDIC, and the SBA to the Community Reinvestment Act, The Graham-Leac…

In the second to last episode of this 5 part series we discuss the role of losses, bankruptcy and the so called distressed asset market! Listeners will gain a firm foundation to understand why each of these cooperative forces help increase economic efficiency, abundance and prosperity. Often folks talk about the profit motive, or about corporate pr…

In tonight's episode, part 3 of a 5 part series, we help listeners understand Complex Securities and Derivatives, their purpose, the markets they operate on, and how they played no part in the financial crisis. Instruments such as Mortgage Backed Securities, Credit Default Swaps, Collateralized Debt Obligations often get a bad wrap, as if they are …

On part two of this 5 part episode, we dive deep into the concepts of debt and equity securities, the concept of interest, and the role of the centralized securities exchange On last night’s episode, using a Crusoe Economics Thought Experiment, we hashed out the purpose of savings, lending and banking. We clearly showed the purpose of savings, how …

In this 5 part series we discuss financial markets, their role, the various financial products out there, why they are so important, and how governments corrupt them... The financial markets are often misunderstood. People refer to them as “a casino” or “rigged”. Wall Street is among the most hated institution, not only in the US but around the wor…

Before our host took his well deserved vacation, we discussed the Federal Reserve in part 1 of this 2 part series. Tonight we finish that discussion! The Federal Reserve's track record shoiuld be a warning to us all that it has been an utter failure. In 1933, the FDIC was created using the same pitch as was used to create the Fed - End the Run on B…

In the first part of this two part series discussing the Federal Reserve, Host of TheMacroView Andrew Smith, walks listeners through the history and mechanics of the Fed plus more! The Central Bank of the United States has re-emerged into the forefront of the American Populace's dinner table discussions, much thanks to Ron Paul and the push for tra…

The 16th Ammendment was ratified in 1913, before that income taxes had been ruled unconstitutional because of the apportionment clause in the constitution, which required revenues to the federal government to be apportioned by each state. In the 2nd part of a 2 part series, TheMacroView host walks listeners through a history of taxes in the US befo…

Living Caricatures of the Political Left - such as Bernie Sanders and Elizabeth Warren, have been pitching massive tax hikes, as high as 70% or higher for the top 1% - they use past tax rates as reference but whats the truth? Tonight on TheMacroView we walk listeners through the Income Tax rate history of the United States in less than 25 minutes. …

In this 2 part series, host Andrew Smith discusses the environment leading up to, during and after the financial crisis! Slideshow accompanying this episode shows the statistics mentioned, if you are NOT listening to this from the Show page at MacroViewNews.com or on BlogTalkRadio directly you will want to tune in via one of these two channels so t…

Tonight on The First Ever TheMacroView Debate Kyle Wagner - Founder of the Anarcho-Capitalism vs Minarchism Debate Group on Facebook - Joins TheMacroView to Debate the Host Andrew Smith. The Libertarian Movement has grown significantly, with the growth however, there have been the development of factions that - frankly to many the believe in the or…

Last Night we debunked the mainstream Keynesian economic theory detailing the great depression, WWII Deficit spending, and how in fact – said spending HURT the economy and caused a net drag for decades to come. Tonight – on a much more concise show, we’re going to discuss the monetarist view, which was presented originally by Milton Friedman in Mon…

Popular opinion, especially among Keynesian's, but forfeited by Monetarists as well, states that World War II budget deficits ended the Depression But the Truth Is by 1940 - before War Time Spending Provisions DRASTICALLY increased the budget - Private Investment had ALREADY driven Per Capita REAL GDP to above its 1940 levels... Primarily in the fa…

Jobs, Jobs, Jobs Jobs at the Expense of Wealth Jobs at the Expense of Prices Jobs at the Expense of Productivity Jobs at the Expense of Freedom Jobs at the expense of everything. Tonight we Debunk the Zero-Sum game Fallacy using the greatest reductio ad absurdum ever written, one of the most beautiful short essays revealing logic behind economic th…

For most of human history, the wealthiest people in the world maintained a standard of living inferior to some of the poorest working people in the developed countries of today. Using numbers from the Maddison Project, Host Andrew Smith, guide's listeners through the economic productivity history of the past 2000 years, from 1 AD to 1700 AD product…

As of 2014 Public Employee Pension Assets had nearly $788 Billion in Direct or Indirect Equity Investments in both publicly listed and privately held investments... Does anyone believe that Government's DON'T try to prop up the businesses owned by funds that ultimately fall on taxpayers to make up differences. The levels of cronyism and corruption …

Corporate subsidies are welfare for the wealthy - but they have many devastating effects - furthering barriers to competition and allowing underemployment and less valuable uses of real scarce resources to continue... Tonight we debunk the logic behind corporate subsidies and then discuss the misunderstood history of Capitalism in the United States…

Mainstream Economic Theory is driven by the old Broken Window Fallacy - Increased Aggregate Demand Despite It's Productivity or Lack Thereof Must by Stimulated. The keynesians, as a result have made some of the most ridiculous declarations that one could imagine. From Keynes himself advocating the government bury money in bottles deep in coal mines…

Tired of Being Called a Roadist? Tune in Tonight TheMacroView Episode 14: Muh Roads - Without Government Who Will Build Them? *Preview of the Ammunition You Will Receive* Federal & Local Government Taxes for The Roads Cost Drivers in Los Angeles about $800 a year each - a total that reaches into the $10s of Billions of Dollars Annually. The City of…

Social Security is a Ponzi Scheme Through and Through and The Market Solution is FAR Better Anyways... Tonight We Level with the Those on both the Right and the Left who just Won't Accept the Truth! Social Security is the largest intergenerational heist in the history of the world. Over the Next 2 decades, individuals aged 15-45 will transfer $40 T…

One of the most effective Statist strawmen is the “Greedy, Selfish Person that just wouldn’t voluntarily help the poor”. For those that believe this is the norm throughout civil societies, they have decided the State should be trusted to reallocate private property to the poor. Practically speaking, the implemented solutions basically combine class…

The median corporate profit margin in the US is 7.5% - in the Pharmaceutical Industry it’s 16%. There’s a reason for that. In the US there are essentially single company monopolies on specific drugs and the FDA protects them. In other countries around the world, the same companies have to charge a significantly lower price, why you may ask? Because…

Politicians have a lot of empty promises, but the basic logic of the "Keeping Homeowners Afloat + Affordable Housing" mutually exclusive dual mandate for politicians is dangerous, tonights episode, host Andrew Smith discusses why, and the recent measure that his home city, Los Angeles passed, to once again move further in the WRONG direction. Basic…

With the Republicans Dominating the elections in every single branch of elected government except the Senate (which they maintained a 1 seat majority in) Rand Paul Becomes the Most Powerful Person in Washington in the Biggest Win for the Liberty Movement Ever! But there are battles to be fought and an intellectual war to be won. At the center of it…

?Tonights show we discuss the aftermath of the election. Cabinet pick whisper names, the first hundred day plan, and yes the riots! I've got some messages for those on the Right I've got some messages for those on the Left For those seeking a greater opportunity to control their own destiny, we've got alot of work to do. Donald Trump is the Preside…

There are some devestating effects to the minimum wage, almost none moreso than the discouragement of the development of human capital. On tonights episode we get a look at the real life consequences from a person that has taken the time to develop, through experience, the human capital that it takes to achive a $12.00 to $13.00 an hour. Lets discu…

Especially during election years, the record level of income inequality and the record level of profits that US companies earn are in the new seemingly everyday as politicians make their pitch to get their hands on just a little more of that money. Given that we hear about these two topics all the time, we here at TheMacroView figured 'What the Hel…

The education system is broken, it has become a prop for politicians to stand on top of as a way to demand more money go into 'their' coffers to spend on 'the children'. It's shameful, it's wasteful, and the result is stagnation and a 3rd generation of people that learned nothing about markets, economics, investing, logic, reason, and statistics. W…

Andrew discusses a recent article from the Denver Post that cites a study showing most Americans fear financial advisors, and what the current and longer term wealth effects will be for most people. The financial profession exists for a reason, it is an honorable profession to be in, and 99% of advisors have their clients best interest in mind to a…

ACCESS TO CAPITAL, ACCESS TO CAPITAL, ACCESS TO CAPITAL! How do we get this economy bumpin again? Access to capital for start ups, small businesses, growing business that can put capital to work YESTERDAY. This isn't the old days, you can't walk into the bank with a good idea and 2 paychecks, negotiate terms directly and build a solution for financ…

I will discuss the Financial Entanglement that has occurred between powerful organizations, governments, corporations, and how/why the regulators have to protect the status quo.In every industryinnovation - the kind that can cause long-standing companies with their corporate blinders on to go bankrupt, has the potential to be so disruptive it could…

I will be talking about how the factorys are already coming back, but the jobs in those factories, the high paying manufacturing jobs politicians love and love to promise, will not be coming back with the factories. This and more on Episode 2. This and other pressing issues that have a major effect on the labor market, and the inability for people,…

TheMacroView is dedicated to passionate, substantive, evidence based discussions regarding the economy, investment, entrepreneurship, education, the job market, public policy, the welfare system and it's effectiveness and much more. The goal is to clearly separate corporatism, cronyism and other mixed economic philosophies, so often branded as capi…