Capital Record

Episode 311: That Big, Bad, Evil GDP Thing

studio@nationalreview.com (David L. Bahnsen) — Tue, 14 Jul 2026 15:22:17 +0000

Economic measurements are a tricky thing. There are multiple ways to do things. People are entitled to varying opinions about which measurements of economic aggregates are better than others in terms of methodology and substance. However, are those of us who value economic growth really guilty of making a “golden calf” out of GDP? Do various limitations in what GDP measures and how it does it really mean the whole system is stupid, corrupt, or wrong? Or could it be that promoters of a free and virtuous society can, all at once, understand and reinforce that the totality of economics, rightly understood is, and at the same time, not feel the need to lie, alter, or poke at data. A Capital Record to defend GDP, and to make abundantly clear what should be obvious: GDP measurements are not everything.

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Episode 310: Alan Greenspan’s Legacy

studio@nationalreview.com (David L. Bahnsen, Alexander Salter) — Thu, 9 Jul 2026 10:30:00 +0000

David is joined by Dr. Alexander Salter for a refreshing, nuanced, honest, and candid assessment of the good, the bad, and the mysterious in Alan Greenspan’s legacy as the chairman of the Federal Reserve.

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Episode 309: Setting the Record Straight on Alexander Hamilton

studio@nationalreview.com (David L. Bahnsen) — Tue, 7 Jul 2026 14:06:58 +0000

Vice President JD Vance stated last week in a now infamous interview that the right needs less Milton Friedman and an economic approach more like Alexander Hamilton's. One can hope the VP simply doesn’t understand Milton Friedman, but more than likely this “new right” mentality is trying to draw a line against the laissez faire to the economy favored by Friedman. But when various 21st century voices claim Alexander Hamilton as one of their own in seeking larger government control over the economy, do they actually understand Hamilton correctly? In this Capital Record episode, David is happy to defend Milton Friedman, but also happy to defend Alexander Hamilton, too -- against a revisionism that not only gets its economics wrong, but its history, too.

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Episode 308: When People Refuse to Be Happy

studio@nationalreview.com (David L. Bahnsen) — Tue, 30 Jun 2026 12:38:34 +0000

A recent article in The Atlantic thoughtfully asked what makes Americans so unhappy. It looked at conflicting economic data (the delta between sentiment and actual economic conditions) and pondered what may be going on to make Americans feel so lousy about the economy.

In this episode of Capital Record, David suggests that there are a few different things going on, and they all point to issues near and dear to our hearts.

Show Notes:
Atlantic article
The Secret to a Happy Life (Commencement speech)

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Episode 307: Is Growth Doomed?

studio@nationalreview.com (David L. Bahnsen) — Thu, 25 Jun 2026 12:30:14 +0000

When a who’s who of progressive economists, some Nobel laureates, all academics, take to the pages of the, ummm, Guardian, to say that “growth is doomed” and that “poverty is manufactured,” is it time for policymakers to reverse course and embrace the policy solutions these “experts” present to “change the rules of the global economy”? Or, rather, is this the ideal time for lovers of freedom who believe in human flourishing to double down on the only things the world has ever seen that manufacture prosperity?

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Episode 306: Remote Work’s Growing Damage

studio@nationalreview.com (David L. Bahnsen) — Tue, 23 Jun 2026 12:33:24 +0000

The Covid-19 era claims that working in an office was over -- an unnecessary relic rendered obsolete by the realities of Zoom and the cloud -- have spent the last five years being decimated by rediscovery of the facts of human nature. Company after company has backtracked, admitted failure in remote work allowance, and attempted to salvage the damage done to brand, culture, and mentorship by telling people they didn’t need to come to work. But a new study has gone further, and the results should not surprise any of us who understand the human person. They should disturb any of us who claim to care about the wellness of human beings.

Show notes: Science.org study

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Episode 305: The Different Motives to Cure Cancer

studio@nationalreview.com (David L. Bahnsen, Peter Travers) — Thu, 18 Jun 2026 10:30:00 +0000

David is joined today by special guest Peter Travers, investor, financier, and long-time trustee at National Review. Their conversation goes from a proper definition of Wall Street to a proper defense of Wall Street to, ultimately, the profound benefits of a market system that coordinates all sorts of different people, actors, capital, and motives in a wide array of human endeavor. It is a pivotal conversation for those wanting to understand not just financial markets, but how human dignity is undermined by the enemies of financial markets.

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Episode 304: Concentration of Power and Elon Musk’s Trillion-Dollar Net Worth

studio@nationalreview.com (David L. Bahnsen) — Tue, 16 Jun 2026 12:48:22 +0000

With the SpaceX IPO and a paper mark-up of value in Elon Musk’s net worth to $1 trillion, many have bemoaned the “concentration of power” that this kind of wealth represents. In today’s episode, David suggests that some may not seem to understand what “concentration of power” really means, and that if people want to see a “concentration of power,” they should see what their desired plans to stop it do.

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Episode 303: Don’t Blame Bernie for AI State Cronyism

studio@nationalreview.com (David L. Bahnsen) — Tue, 9 Jun 2026 18:51:42 +0000

Yes, Bernie Sanders, who has always admitted to being a socialist, has called for the government to take equity stakes in American AI companies. And yes, it is a terrible idea. But today on the Capital Record, David does what too few on the right appear willing to do: say why it is a bad idea, and why the right are going to have a very hard time stopping it.

Clip courtesy of Overtime with Bill Maher

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Episode 302: The Power of Permanence

studio@nationalreview.com (David L. Bahnsen) — Tue, 2 Jun 2026 12:12:35 +0000

Treasury Secretary, Scott Bessent, gave a memorable speech at the Reagan Foundation Economic Forum last week. In it, he reiterated the completely true economic principle of permanence – that when policies are properly codified they assure economic actors of the rules of the road, enabling more confident decision-making when it comes to hiring, production, consumption, and investment.

In today’s Capital Record, David flushes out this concept more, acknowledges where the permanence of OBBBA has been a benefit, and asks a rather obvious question about another tax policy that remains, well, not permanent.

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