Uploaded August 2026 | Updated September 2026, 2 weeks ago
This week, Bob talks with Dr. Patrick Newman about his new book, Cronyism: Rise of the Corporatist State, 1849–1929, which reviews how big business built the regulatory state, the Fed, and cartels like the AMA, all justified in the name of the "public interest."
Celebrate Murray Rothbard’s 100th birthday with a free copy of The Case for a 100 Percent Gold Dollar during our August giveaway. Get yours at mises.org/HAPodFree
Related:
• Cronyism: Rise of the Corporatist State, 1849–1929: mises.org/HAP562a
• Bob on the Speaker Panel, Why Is the Healthcare System Broken?: mises.org/HAP562b
0:00 Intro
0:36 The Cronyism series
3:23 Are libertarians pro-big-business?
5:32 What is the corporate estate?
6:52 Which party favored free markets?
12:19 Tariffs and the income tax
17:27 The money trust myth
22:21 Business hires the intellectuals
23:32 The Jungle and the Beef Trust
30:16 Defensive lobbying explained
33:01 The AMA cartel
38:13 Healthcare today
40:02 WWI, Wall Street, and the Fed
43:18 Wrap-up
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics at https://Mises.org.
X ► https://x.com/mises/
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Odysee ► odysee.com/@mises
Podcasts ► mises.org/podcasts
This week, Bob talks with Dr. Patrick Newman about his new book, Cronyism: Rise of the Corporatist State, 1849–1929, which reviews how big business built the regulatory state, the Fed, and cartels like the AMA, all justified in the name of the "public interest."
Celebrate Murray Rothbard’s 100th birthday with a free copy of The Case for a 100 Percent Gold Dollar during our August giveaway. Get yours at mises.org/HAPodFree
Related:
• Cronyism: Rise of the Corporatist State, 1849–1929: mises.org/HAP562a
• Bob on the Speaker Panel, Why Is the Healthcare System Broken?: mises.org/HAP562b
0:00 Intro
0:36 The Cronyism series
3:23 Are libertarians pro-big-business?
5:32 What is the corporate estate?
6:52 Which party favored free markets?
12:19 Tariffs and the income tax
17:27 The money trust myth
22:21 Business hires the intellectuals
23:32 The Jungle and the Beef Trust
30:16 Defensive lobbying explained
33:01 The AMA cartel
38:13 Healthcare today
40:02 WWI, Wall Street, and the Fed
43:18 Wrap-up
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics at https://Mises.org.
X ► https://x.com/mises/
Facebook ► facebook.com/mises.institute
Instagram ► instagram.com/misesinstitute
SoundCloud ► soundcloud.com/misesmedia
Apple Podcasts ► podcasts.apple.com/us/artist/mises-institute/1280664810
Rumble ► rumble.com/c/c-2212754
Odysee ► odysee.com/@mises
Podcasts ► mises.org/podcasts
