Benjamin Powell stopped to talk about his book that he co-authored with Robert Lawson, Socialism Sucks: Two Economists Drink Their Way Through the Unfree World. Their goal was to reach people, learn about socialist policies on the ground, and OK… have a good time! Beer turned out to be a good starting point, but we explore much more like what are the actual measures of socialism, capitalism, and communism? We compared hotels vs Airbnb in Cuba, Georian wine, and the more dire situations in North Korea and Venezuela. Nonetheless, this was a fun episode, with a dash of Austrian Economics. A special thank you to our sponsors, Vaultoro.com and SaltLending.com for their continued support. Be sure to share the show on your socials!
About the Guests:
Benjamin is the Director of the Free Market Institute at Texas Tech University where he also serves as a professor of economics in the Rawls College of Business. He is also a Senior Fellow with the Independent Institute and the North American Editor of the Review of Austrian Economics.
Prior to joining Texas Tech Benjamin was an Associate Professor of Economics at Suffolk University and an Assistant Professor of Economics at San José State University and the Director of the Center on Entrepreneurial Innovation at the Independent Institute.
Benjamin became interested in economics through the writings of Milton Friedman, F.A. Hayek, Ludwig Von Mises, and Murray Rothbard. He earned his Ph.D. from George Mason University in 2003 where he studied Austrian Economics and Public Choice Theory.