Ray Keating
Free Enterprise in Three Minutes Podcast with Ray Keating
Free Enterprise in Three Minutes is a podcast meant to provide three-minute (give or take a few seconds) answers to important questions about free enterprise, the economy, business and related issues. Ray Keating is an economist, columnist, author and podcaster who cuts through the economic mumbo-jumbo, tosses aside the economic mistakes often made in the media and in political circles, and quickly gets at economic reality. Who says free enterprise and economics have to be mind-numbing? That's not the case with Free Enterprise in Three Minutes with Ray Keating.
Author
Ray Keating
Category
Podcast website
Latest episode
Jul 24, 2025
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Episodes
Episode #269: Foundations of Economic Policymaking, Part II – Policy Levers 24.07.2025 4:57
Contrary to trying to fine-tune an economy, policy levers are about providing a foundation for growth. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paperback&ref=...
Episode #268: Foundations of Economic Policymaking, Part I – Fine-Tuning 17.07.2025 4:27
Ray considers the idea that politicians and government bureaucrats are wise enough to fine-tune the entire economy, and makes clear that it is economic nonsense. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at http...
Episode #267: Polls and Economics: Free Trade vs. Protectionism 10.07.2025 4:18
Ray notes the benefits of free trade, the negatives of protectionism, and is cautiously pleased with the result of a recent poll on the topic. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/...
Episode #266: Polls and Economics: Regulation 03.07.2025 3:14
Ray looks at a Gallup poll on regulation. Do Americans think the amount of regulation is too much, just right or too little, and how influenced are they by politics rather than economics? Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thril...
Episode #265: Infrastructure Politics vs. Economics – A Real-Life Example 27.06.2025 3:30
Ray offers a personal example that illustrates an enduring economic point regarding government infrastructure projects. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=p...
Episode #264: At the Margin 06.06.2025 3:25
Ray explains the basis of making decisions “at or on the margin.” This is essential to understanding how decisions are made by individuals, businesses, investors and government. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and m...
Episode #263: On Crony Capitalism 30.05.2025 4:33
Ray lays out what crony capitalism actually is, and serves up some examples. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Gr...
Episode #262: Hard to Find Good Help? 19.05.2025 4:54
Ray notes that the complaint from business that it’s hard to find good help is supported by survey data. He notes the disturbing low levels of U.S. worker engagement. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at...
Episode #261: Free Trade Roots of American Revolution 12.05.2025 5:46
Ray discusses the key role that trade played in the American Revolution. Yes, the British imposed protectionist restrictions on the colonists who wanted to trade widely. Thomas Jefferson made this clear. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Ste...
Episode #260: Dark Worries on the Economy 18.04.2025 3:29
Ray lays out a grim possible scenario for the economy that he hopes and prays turns out to be dead wrong. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paperback&r...
Episode #259: Only Two Trade Policies Make Economic Sense 16.04.2025 3:14
Amidst confusion and chaos on the trade front, Ray boils down sound trade policies to two basic efforts. That’s right, only two sets of policy efforts on trade make sense. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteri...
Episode #258: What Do Reciprocal Trade Policies Really Mean? 14.04.2025 5:34
Ray explains what reciprocal trade policies meant for President McKinley versus how they’ve been distorted by President Trump and other modern-day protectionists. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at htt...
Episode #257: Reagan’s Economic Wisdom on Trade 11.04.2025 5:13
Ray brings attention to the fact that President Ronald Reagan was a rarity in that he understood the economics, history and politics of trade. The U.S. and the world need to heed his wisdom on the ills or protectionism and the benefits of reducing trade barriers. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&...
Episode #256: Problems with GDP, Part II: Government 10.04.2025 4:23
Ray argues that how government is treated in the GDP data is disconnected from fundamental realities of the economy, and that private GDP needs to be emphasized. For good measure, when looking at private GDP, America’s economic under-performance of the past near-20 years becomes even more depressing. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazo...
Episode #255: Problems with GDP, Part I: Imports and the Economy 03.04.2025 3:32
Ray makes clear that a big part of the reason why many people don’t understand the economics of trade is because of the way imports are presented in GDP. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www....
Episode #254: Reminder – Protectionist Woes 27.03.2025 5:37
It’s important to get clear on the ills that come with protectionist trade policies. Ray proves a sobering rundown. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paper...
Episode #253: Reminder – Trade Deficits Don’t Matter 20.03.2025 4:40
With politics awash in misguided thinking and policies on trade, Ray provides a reminder that trade deficits are not economic negatives. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08...
Episode #252: More on Supply 07.02.2025 3:16
Ray explains the difference between a change in supply vs. a change in the quantity supplied. And he’s not just splitting hairs. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?...
Episode #251: The Law of Supply 31.01.2025 3:36
Ray returns and gets back to some essentials of economic thinking with a look at the “law of supply.” Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paperback&ref=d...
Episode #250: Adam Smith’s Invisible Hand 24.01.2025 4:46
In this 250th episode, Ray explains an essential economic truth brought to the fore by Adam Smith, the 18th century father of modern economics. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com...
Episode #249: Yes, Inflation Fighting is Hard Work 17.01.2025 3:57
Ray is bewildered and troubled by muddled thinking among many experts on inflation. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paperback&ref=dbs_dp_rwt_sb_pc_tp...
Episode #248: Tariffs and Inflation 25.11.2024 3:22
Ray looks at the effects of higher tariffs on inflation and economic growth. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Gr...
Episode #247: The Rich and their “Fair Share” 20.11.2024 2:40
Do the rich pay their so-called “fair share”? Ray looks at the latest income tax data and finds the exact opposite. Consider books by Ray Keating… • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating’s Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paper...
Episode #246: China’s Imitation Economy, Part II 31.10.2024 4:27
Ray explains that the true threat from China lies in the faltering of its imitation economy. Consider books by Ray Keating… • Never miss any new book by Ray Keating by joining the Pastor Stephen Grant Fellowship with Ray Keating at https://www.patreon.com/pastorstephengrantfellowship . • Order Ray Keating’s “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=...
Episode #245: China’s Imitation Economy, Part I 24.10.2024 2:50
Ray explores what is the true threat to the U.S. when it comes to China. It’s not economic, and never has been. Indeed, China amounts to an imitation economy. Consider books by Ray Keating… • Never miss any new book by Ray Keating by joining the Pastor Stephen Grant Fellowship with Ray Keating at https://www.patreon.com/pastorstephengrantfellowship . • Order Ray Keating’s “Weekly Economist” books...
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