Capitalism and the Historians with Phil Magness

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This week we cover the prospect of Inflation Reduction Act 2.0, rising consumer confidence, the perils of stress bragging, and a new collection of essays about legendary economist Adam Smith. Our interview this week is with Phil Magness, the David J. Theroux Chair in Political Economy at the Independent Institute. We talk about capitalism, slavery, classical liberalism, and keeping the historians honest. Free the Economy is produced and hosted by Richard Morrison and edited and co-produced by Ryan Kracinski. Keep up with the show by following us on Twitter at @freethe_economy and read our episode summaries, with links to the stories we cover, at