Capital Record
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 financial commentators. Tune in to hear guests such as Larry Kudlow, Steve Forbes, and Art Laffer present a practical and moral vindication of America’s capita...
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Episode 293: Middle Class Resentment, David French, and a Free Market Economy
<p>David French wrote a provocative piece in the New York Times recently asking the very legitimate question, “If people are doing better, why are they more resentful?” In today’s Capital Record, David Bahnsen looks at the macroeconomic picture, reviews the thesis of our crisis of responsibility, unpacks the difference between greed and envy, and suggests a culprit that is at least a good starting place for improving those who feel left out of the modern economy.</p> <p>"How Can America Be So Miserable When It's So Rich?"</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.ad...
Episode 292: It Has to Be Real
<p>What does it say about a con man and con woman that they got away using fake names and doing fake events to rip off people, charities, and investors for years? It says that they are con artists! Perhaps the bigger question, though, is what it says about their marks. In today’s Capital Record David looks at a depressing fact about too many affluent people that even makes something like this possible.</p> <p>Show Notes:<br>The Fake Cartier and the Fake Rockefeller</p> <p> </p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com f...
Episode 291: Social Media and the Crisis of Responsibility
<p>A jury ruled last week that social media companies are financially liable for a young woman's becoming “addicted” to social media use. In today’s Capital Record, David opines on the utterly ridiculous verdict and the horrific things it says about society, but also offers a social commentary on where companies do have a moral burden, outside the law, if we are to have a free and virtuous society. As is often the case, there is enough fusionism in David’s take to bother everyone.</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for informatio...
Episode 290: What About That Giving Pledge?
<p>Is it a good thing for wealthy people to give money away? Is it a good thing for them to give half of it away? All of it? Is a pledge a gift? How should one who values a virtuous society think about this very idea? In this Capital Record, David looks at the results of a high-profile 2010 effort launched by Warren Buffett and Bill Gates, and suggests that there is a way to promote generosity that does not lend itself to a high-profile indulgence.</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for inf...
Episode 289: Industrial Policy for Me but Not for Thee
<p>The World Bank has spent three decades saying industrial policy is a bad way to go -- stunting growth, creating bad signals, and facilitating suboptimal outcomes. But now, lo and behold, they claim that government management of an economy can be a very good idea, as long as it is done the way they suggest. The internal contradictions in this statist mess are easy to see, and we’re not having it. You shouldn’t either.</p> <p>Show notes: WSJ on World Bank reversal on industrial policy</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz...
Episode 288: The Crazy Things People Say
<p>Do financial transactions all add up to zero? Should we be more concerned with piety than technique? Is a business going out of business a good thing if the founder treats his people well? Does money serve a greater purpose if we apply nice-sounding adjectives to our marketing pitch? Are all views of human dignity okay as long as they end with humans having dignity? On today’s Capital Record, David analyzes a plethora of things he literally heard in the last few days alone!</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for info...
Episode 287: What the Right Is Getting Wrong About AI
<p>David is joined this week by a very special guest, Tim Estes, for a thorough discussion on artificial intelligence. But this is not one of those exhausting conversations about whether or not AI would take our jobs, or is a good investment, or one of the other numerous things that dominates AI discussion these days. Rather, David and Tim use first principles to address the problems that conservatives are missing. The discussion goes all over the map but then ends with a profound idea from our special guest that might just scratch all the itches!</p><br/> <p>Hosted by...
Episode 286: Market Discipline: A Tour Around the Globe with Renè Aninao
<p>David is joined by special guest Renè Aninao, of CORBU, for an invigorating discussion about the state of geopolitics, the Fed, markets, and more. They cover multiple countries, multiple world leaders, and most of all, multiple first principles. It is always worth the listen when Renè Aninao steps into the Capital Record!</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.</p>
Episode 285: A Report Card on Corporate America
<p>Some of the biggest companies in America are changing what they do with DEI, saying no the Human Rights Commission and the Southern Poverty Law Center, defending fossil fuels, and yes, even defending the profit motive. It sometimes takes more nudging than we want, but today’s podcast gives you an update on how shareholder engagement, not boycott, is yielding great dividends. And then, yielding great dividends.</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.</p>
Episode 284: The Oren Cass Case for Central Planning Does Not Indict Wall Street for Anything
<p>The New York Times published a long, redundant, somewhat odd screed from Oren Cass this weekend, bemoaning “financialization” and suggesting that Wall Street has duped everyone, from their investors to their own clients, about what they really do. The wide net of the attack manages to capture exactly no one, and exposes what the anti-market, pro-statism new right fail to grasp about markets. David takes on the piece point by point, and the rebuttal is worth a listen.</p><p>Show notes:<br />Oren Cass NYT piece on financialization<br />David’s AIER paper on financialization</p><br/> <p>Hosted b...
