Free Enterprise in Three Minutes Podcast with Ray Keating

Ray Keating explains why the U.S. rate of economic growth has slowed down so far in the 21stCentury – and yes, it has to do with government policies going awry. And yes, Keating went longer than 3 minutes this time. All of Keating’s books are available at Amazon.com and at raykeatingonline.com, including his new thriller DEEP ROUGH. Check out his various websites and endeavors, namely, freeenterpr...

Ray Keating looks at economic growth numbers, and notes that the U.S. rate of economic growth has rather dramatically slowed down so far in the 21stCentury. The numbers are striking and worrying. Sign up for Ray Keating's nonfiction books email list! You'll receive free newsletters and updates, notifications about events, and 40% off coupons for any and all of Keating's forthcoming books covering...

Ray Keating corrects mistaken notions espoused by President Trump about supposed lost jobs and businesses due to trade accords like the Trans-Pacific Partnership and NAFTA. Instead, one key aspect of how free trade deals benefit the U.S. is the fact that other nations usually have much higher trade barriers than the U.S. does. Sign up for Ray Keating's nonfiction books email list! You'll receive f...

Contrary to claims by President Trump, Ray Keating makes clear that U.S. consumers and businesses pay for the tariffs imposed on imports from nations like China. And Keating looks at the various costs imposed by those tariffs. Sign up for Ray Keating's nonfiction books email list! You'll receive free newsletters and updates, notifications about events, and 40% off coupons for any and all of Keatin...

Ray Keating lays out the economic realities of how trade actually works, and how trade fuels economic growth. These economic points run contrary to the assumptions that President Trump has about trade and wealth. Sign up for Ray Keating's nonfiction books email list! You'll receive free newsletters and updates, notifications about events, and 40% off coupons for any and all of Keating's forthcomin...

Ray Keating kicks off a series of podcasts looking at President Donald Trump on trade from an economics perspective. This first entry notes that the President’s main assumption about trade deficits being economic negatives makes no economic sense. Sign up for Ray Keating's nonfiction books email list! You'll receive free newsletters and updates, notifications about events, and 40% off coupons for...

Ray Keating compares the philosophy of Thanos – the villain in two of the biggest movies ever – Avengers: Infinity Warand Avengers: Endgame– to the late-18th-early 19thcentury economist Thomas Robert Malthus. Why does Thanos to commit great evil? We seem to find the answer in the work of Malthus, who basically argued that humanity would face rather dismal choices as population growth would outstri...

Ray Keating explains that the widely quoted monthly jobs report released by the U.S. Bureau of Labor Statistics is actually two reports in one, and the topline numbers often get misinterpreted by the media and politicians. Keating sets the record straight, noting that the real story usually requires digging a little deeper into this report.

Ray Keating once again pushes aside politics, and looks at the data and economics underlying poverty, or much of it, in the United States – in particular, educational achievement and family status – while also noting that “poverty” is a subjective term.

Ray Keating moves beyond the political rhetoric of the gender pay gap to look at the facts and actual economics when it comes to the differences in average pay for women and men. Keating even asks the provocative question: Might the so-called gender pay gap be reversed in the future?

Ray Keating talks more about earnings, specifically, by exploring why the CEO of a company makes a heck of a lot more than the average employee. Indeed, many people are annoyed by CEOs of businesses making so much more than those on the assembly line, covering the sales floor, or driving the trucks. But once the economics are explained, it becomes clear why that’s the case.

Ray Keating talks more about earnings by exploring why Los Angeles Angels outfielder Mike Trout makes far more than teachers. Of course, lots of people are annoyed by the idea that individuals in fields such as sports and entertainment make so much more than those involved in critical work, like educating our children. They need to put aside their feelings, and think about the economic realities.

Ray Keating talks more about productivity and earnings. Higher earnings for workers are not about government mandating a minimum wage or a living wage. Instead, higher earnings are about increasing output, value or productivity in a competitive market. How is that accomplished?

Ray Keating talks about what people earn. Politicians often ignore economics and wind up pandering for a higher minimum wage mandate or a government-imposed living wage. But in the competitive, private marketplace, the bottom line is that earnings, or incomes, are determined by productivity, that is, output per worker.

Ray Keating talks about rent control. It says something about the poor state of teaching economics that so many bad economic ideas keep cropping up. One is rent control, with its inevitably destructive effects.

Ray Keating explains the difference between what people usually think of when it comes to “costs” and “profits,” and what economists mean when they talk about “economic costs” and “economic profits.” They key is opportunity costs.

Ray Keating talks about incentives – monetary and nonmonetary – and shows why incentives are central to economics and human decision-making.

Ray Keating counts himself as a supply-side economist, but the term “supply-side economics” has been ill-defined over the years, often for political reasons. Keating looks to set the record straight by summing up the basics of supply-side economics.

Ray Keating talks about some key pitfalls that must be avoided in economics, including problems with good intentions, claiming association is causation, and dressing up political preferences as economics.

Turning to help from Henry Hazlitt, one of the great economic thinkers of the 20thcentury, Ray Keating looks to answer the question: Why is economics plagued by so many fallacies?

Using the examples provided by Amazon’s deals with New York , Virginia and Tennessee, Ray Keating explains what corporate welfare is, and why it makes for bad economics.

Ray Keating looks at trade and international investment courtesy of the balance of payments. Keating explains the current account, the capital account, and more, and sums up that the U.S. runs a capital account surplus because it’s an attractive place to invest.

Ray Keating looks at why government doesn’t work well, that is, why government is wasteful and inefficient. After Keating notes the key reasons as explained by economics, concluding that no one should be surprised by the fact that waste and inefficiency govern in government. Get Ray Keating's new book THE REALISTIC OPTIMIST TO DO LIST & CALENDAR 2019 at Amazon.com.

Ray Keating looks at the ills of government imposing price controls, using the examples of price controls on prescription drugs and hiking the minimum wage.

Ray Keating explains the central role that prices play in a market economy, including providing information to buyers and sellers that help guide decisions and promote the efficient use of resources.