Ep 85: Correcting Popular Economic Fallacies with Caleb Fuller

October 24, 2023
Protestant Libertarian Podcast

Ep 85: Correcting Popular Economic Fallacies with Caleb Fuller

In this episode, I talk with Dr. Caleb Fuller, associate professor of economics at Grove City College, about several popular economic fallacies, including:

Corporate greed causes inflation
Price controls are an effective way of “controlling” said inflation
The minimum wage is a free lunch to low-skilled workers
Racial discrimination is costless to the discriminator
China is “beating” us at trade
Rent control expands housing availability for the poorest
Trade or immigrants “steal” domestic jobs
Women earn less than men for performing the same work

We also discuss the history of the Austrian school, why Christians need to study economics, and some suggested reading material for those who want to do further research. This is a massive episode that demonstrates how easy it is for economic myths to be widely accepted and why we need to think more carefully about the economy. Check it out!

Additional Resources

Our Economic Illiteracy: https://mises.org/wire/our-economic-illiteracy

No Free Lunch: https://a.co/d/2Dvv12D

Caleb Fuller’s Website: https://calebsfuller.com/

Caleb Fuller on Twitter: @CalebSFuller

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