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American prosperity was built on a foundation of free markets and free people. But, with inflation on the rise and a struggling market, many in America’s political class are attempting to recycle failed socialist ideas and calling for government intervention in nearly every aspect of American life. In this National Review Capital Matters podcast, presented by the National Review Institute, financier David Bahnsen hosts interviews with the nation’s top business leaders, entrepreneurs, and fin ...
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Episode 229: Two Ways to Hurt the Working Class
16:41
16:41
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Veronique De Rugy’s phenomenal articleBy David L. Bahnsen
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Episode 228: Moving the Wrong Way with the Fed
11:09
11:09
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If our goal is a monetary policy that minimizes interventions and distortions in the marketplace and most optimally allows capital to find its most efficient use, the last thing we should want is a Fed that is less independent and more captive to political whims and desires. David explains his various criticisms of Jerome Powell this week, but poin…
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Episode 227: A Crisis of Responsibility About the U.S. Dollar
19:39
19:39
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With so much talk circulating that Americans need to be deathly afraid of a “strong dollar,” David takes on recent comments from Stephen Miran, chair of the Council of Economic Advisers, suggesting that a strong dollar is really unfair to Americans. Underlying some of these recent allegations about dollar supremacy is a familiar crisis of responsib…
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Episode 226: The Stock Market vs. The Real Economy?
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16:29
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David talks about all the things that are right in the dichotomy between the “stock market” and the “real economy,” but then goes into all the things that are wrong – namely, that 99% of the time someone is making this distinction, they are doing it wrong, for the wrong reasons, in the wrong way. Understanding what public equity prices measure vers…
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Episode 225: The Morality of Trade Deficits vs. Central Planning
10:21
10:21
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David looks at the wildest week in global financial markets in the last five years in the context of first principles – how the administration’s choice to lump allies in with adversaries hurt their cause – and how the need to properly define terms and understand basic economic concepts matters.By David L. Bahnsen
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Episode 224: Liberation Day, Bernie Style
12:08
12:08
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David unpacks the economic message of President Trump on so-called Liberation Day.By David L. Bahnsen
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David takes on tariffs today in advance of the big April 2 announcements everyone is expecting from the Trump administration. David’s expectations? No clarity at all -- an ongoing chaos -- and a fever swamp dream for lobbyists.By David L. Bahnsen
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Episode 222: The Business of Business Is Business
9:57
9:57
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Time for businesses to return to their essential purposeBy David L. Bahnsen
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"How the Right Sold Out"By David L. Bahnsen
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Episode 220: The Tyranny of Where the Chair Goes
15:24
15:24
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David chimes in this week on the U.K. tribunal ruling that an employee was constructively terminated by having their desk moved, but more importantly, on the absurdity of the whole thing. When we ask disinterested third parties like the state to mediate disputes over furniture between employees and employers, we are doing great damage to another pa…
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Be Good Bankers: The Economic Interpretation of Matthew's Gospel, with a Fresh TranslationBy David L. Bahnsen
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Episode 218: Why Make a Cogent Argument When You Can Yell ‘Globalism’?
17:58
17:58
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David makes the case that there are some arguments that are better than others for protectionist economic policy, even if none of them are persuasive, but there are none so counterproductive and misguided as merely calling your ideological opponents “globalists.” If the argument in classical economics against government intervention via protective …
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Does one need to convert their business success to charitable endeavors to create a “lasting Kingdom legacy”? Or can we say with conviction that our efforts in the marketplace are lasting, are meaningful, and, in fact, are vitally important? David goes after a well-intentioned but deeply misguided sentiment about business vs. philanthropy, and in s…
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Episode 216: The Dumb Kind of Class Warfare
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14:04
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David sounds off on class warfare targeted at private equity firms daring to buy 0.06 percent of homes, and how counterproductive it is to the cause of a free and virtuous society to be going after the wrong people, for the wrong things, all the time.By David L. Bahnsen
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David wants the CFPB dismantled, and he thinks Russ Vought’s philosophy at OMB about deregulation is the right one. But did Vought use a really bad example of “weaponization” this weekend, and are some bad actors bad examples for good deregulation? David unpacks this dilemma of freedom and virtuousness in a quick, needed diatribe.…
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Episode 214: Freedom and Virtue in Bank Interest Rates
16:20
16:20
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This is a remedial course in how banking works, the tension between deposit rates and borrowing rates, and the way in which freedom and virtue are cultivated by true relationship banking. An episode you won’t want to miss!By David L. Bahnsen
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Episode 213: Zooming Out to Zoom in on Real Work
20:32
20:32
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https://www.reuters.com/business/finance/jpmorgan-ceo-dimon-derides-in-office-work-pushback-demands-efficiency-2025-02-13/ https://www.barrons.com/articles/jamie-dimon-leaked-audio-jpmorgan-return-to-office-7064ee64By David L. Bahnsen
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