https://simplecast.com 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 capitalist way of life. National Review en Tue, 6 Oct 2026 12:00:00 +0000 Tue, 6 Oct 2026 12:05:20 +0000 https://www.nationalreview.com/podcasts/capital-record/ Capital Record https://image.simplecastcdn.com/images/9177600e-ec9a-4e08-9abf-fc6944792667/0c7018e1-b2f6-4d1e-9dca-3c85ed3f39d2/3000x3000/capital-record-cover.jpg?aid=rss_feed https://www.nationalreview.com/podcasts/capital-record/ episodic 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 capitalist way of life. National Review false https://feeds.simplecast.com/ETNmx9BY conservatism, fiscal conservatism, capitalism, business, conservative economics, fiscal conservative, conservative, economy, david bahnsen, finance, free markets, economics, national review National Review studio@nationalreview.com 76a7f8e2-720a-4400-b6db-8e30b3e64b63 Episode 327: You Have to Earn It, Baby! Today’s short Capital Record is a simple refresher on the difference between capital formation and capital allocation, and why entrepreneurs bemoaning the challenges of having capital allocated to them get it all wrong.


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]]> Tue, 6 Oct 2026 12:00:00 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ Today’s short Capital Record is a simple refresher on the difference between capital formation and capital allocation, and why entrepreneurs bemoaning the challenges of having capital allocated to them get it all wrong.


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]]> Episode 327: You Have to Earn It, Baby! David L. Bahnsen 00:05:47 capital markets, first principles, conservative economics, capital record, national review false full 330 5ab4cb82-e22f-4991-984a-f7e507e464ba Episode 326: The American Dream, Human Flourishing, and The Bahnsen Group Those who hate the financial sector and demonize the activity of capital markets will never understand that beneath it all is the story of the human spirit. Dealing with the aspirations embedded in financial markets has to be avoided, because it gets in the way of their narrative of grievance and victimhood. On today’s Capital Record, David has a highly personal story to tell that gets to the essence of all of this.


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]]> Thu, 1 Oct 2026 12:00:00 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ Those who hate the financial sector and demonize the activity of capital markets will never understand that beneath it all is the story of the human spirit. Dealing with the aspirations embedded in financial markets has to be avoided, because it gets in the way of their narrative of grievance and victimhood. On today’s Capital Record, David has a highly personal story to tell that gets to the essence of all of this.


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]]> Episode 326: The American Dream, Human Flourishing, and The Bahnsen Group David L. Bahnsen 00:20:23 capital markets, conservative economics, capital record, national review false full 329 e904a953-dd56-4616-9597-587e04ac8606 Episode 325: Being Trained to Be an Entrepreneur... by the Government?? The United States federal government currently has an aggressive agenda, and it has now added to its portfolio… training workers in technology, energy, and defense. Several universities are creating the materials, and the government is organizing the national training program known as the Foundry School. Is this the retraining and investment in work-and-business dynamism we have been waiting for, or is it another government overreach where inexperienced bureaucrats are way out of their lane, feeling good about saying the right things? A balanced and nuanced discussion in today’s Capital Record.


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]]> Tue, 29 Sep 2026 12:30:49 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ The United States federal government currently has an aggressive agenda, and it has now added to its portfolio… training workers in technology, energy, and defense. Several universities are creating the materials, and the government is organizing the national training program known as the Foundry School. Is this the retraining and investment in work-and-business dynamism we have been waiting for, or is it another government overreach where inexperienced bureaucrats are way out of their lane, feeling good about saying the right things? A balanced and nuanced discussion in today’s Capital Record.


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]]> Episode 325: Being Trained to Be an Entrepreneur... by the Government?? David L. Bahnsen 00:12:42 first principles, education, conservative economics, capital record, national review false full 328 b34ed520-ddbd-457f-a763-da003cc99bb6 Episode 324: A Choice, Not a Socialist Echo We are living in a period when the greatest political opportunity I have ever seen for either party is being squandered. For the Democrats, it is understandable. For the Republicans, it is unforgivable. In today’s Capital Record, David looks at this current moment, where true conservatives have a chance to present an actual contrast – a choice – to the left-wing socialist nonsense of our day. 


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]]> Thu, 24 Sep 2026 12:00:00 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ We are living in a period when the greatest political opportunity I have ever seen for either party is being squandered. For the Democrats, it is understandable. For the Republicans, it is unforgivable. In today’s Capital Record, David looks at this current moment, where true conservatives have a chance to present an actual contrast – a choice – to the left-wing socialist nonsense of our day. 


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]]> Episode 324: A Choice, Not a Socialist Echo David L. Bahnsen 00:17:03 socialism, first principles, conservative economics, capital record false full 327 04e5bf57-d61b-4d85-b182-5a4733d8ecb3 Episode 323: No One is a Libertarian Now One of the craziest things that has worked its way into the folklore of our age is that the new-found appreciation for a heavy role of government in our personal and economic lives is replacing what was previously this broad moment of “libertarianism,” wherein society ran off of a very limited role of government in matters of economic regulation. Not only did I miss the memo on when that period was to have taken place, but today, some of yesterday’s loudest proponents of a small government are actually screaming for the government to tell you what you can eat. My, how the tea party has fallen. Come tread on me, in today’s Capital Record.


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]]> Tue, 22 Sep 2026 12:00:00 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ One of the craziest things that has worked its way into the folklore of our age is that the new-found appreciation for a heavy role of government in our personal and economic lives is replacing what was previously this broad moment of “libertarianism,” wherein society ran off of a very limited role of government in matters of economic regulation. Not only did I miss the memo on when that period was to have taken place, but today, some of yesterday’s loudest proponents of a small government are actually screaming for the government to tell you what you can eat. My, how the tea party has fallen. Come tread on me, in today’s Capital Record.


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]]> Episode 323: No One is a Libertarian Now David L. Bahnsen 00:13:35 conservative news, libertarian, national review false full 326 0218b02d-e34b-490e-afce-a6daeea6b1b0 Episode 322: AI Is Slowing Down to Find Itself The internet and social media were aghast over the weekend as Anthropic founder and CEO Dario Amodei penned a “Jerry Maguire” screed about the AI labs “slowing down” due to the risks of “losing control” and giving way to “bioterrorism” and “serious economic disruption” … Other AI lab heads from Sam Altman to Elon Musk chimed in with agreement. You may read his letter as a call for prudent, selfless moderation, or you may read his call as rent-seeking, cronyist, "pull the ladder up" corporatism at its worst. Today, we will unpack it all.

Show Notes:
Dario Amodei's Letter
David Sacks' Response



 


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]]> Tue, 15 Sep 2026 12:00:00 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ The internet and social media were aghast over the weekend as Anthropic founder and CEO Dario Amodei penned a “Jerry Maguire” screed about the AI labs “slowing down” due to the risks of “losing control” and giving way to “bioterrorism” and “serious economic disruption” … Other AI lab heads from Sam Altman to Elon Musk chimed in with agreement. You may read his letter as a call for prudent, selfless moderation, or you may read his call as rent-seeking, cronyist, "pull the ladder up" corporatism at its worst. Today, we will unpack it all.

Show Notes:
Dario Amodei's Letter
David Sacks' Response



 


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]]> Episode 322: AI Is Slowing Down to Find Itself David L. Bahnsen 00:14:55 conservative news, free market, ai, anthropic, capital record, national review false full 325 bdabdf88-2649-443a-8e4c-df71d2972994 Episode 321: Subsidies for Child Care? Vice President JD Vance and a few other folks on the right beat the drum this weekend for a new bill to pay married families with one stay-at-home spouse based on the number of kids they have. Some people on the right defend the bill as “pro-family.” Others on the right lambaste it for being “pro-welfare state.” Some claim it merely redirects funds already in circulation. Others claim it represents a new entitlement altogether and that the bill is a classic case of “right-wing dressing” on top of a “left-wing salad.” In today’s Capital Record, David calls a spade a spade – which is to say, he takes this awful anti-family, pro-welfare, statist idea to the woodshed.


 


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]]> Thu, 10 Sep 2026 16:35:39 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ Vice President JD Vance and a few other folks on the right beat the drum this weekend for a new bill to pay married families with one stay-at-home spouse based on the number of kids they have. Some people on the right defend the bill as “pro-family.” Others on the right lambaste it for being “pro-welfare state.” Some claim it merely redirects funds already in circulation. Others claim it represents a new entitlement altogether and that the bill is a classic case of “right-wing dressing” on top of a “left-wing salad.” In today’s Capital Record, David calls a spade a spade – which is to say, he takes this awful anti-family, pro-welfare, statist idea to the woodshed.


 


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]]> Episode 321: Subsidies for Child Care? David L. Bahnsen 00:25:21 conservative news, jd vance, socialism, national review, childcare subsidies false full 324 b5838065-eb91-44d7-aa7f-9b946fbf52c4 Episode 320: Gratitude for Higher Football Costs A “consultant” was on TV last week in a panic over the cost of watching NFL games now, not to mention the utter horror of finding out which streaming network your game might be on. The greed and debauchery of “big football” are on full display as far as many are concerned, but one group stands out as not being concerned at all: those who actually watch the NFL.  And there is something else being missed when people complain about the cost of watching the NFL, something even more obvious than the fact that NFL fans love it. Listen to today’s Capital Record for a test case in basic economics that even a punter could understand.

Show Notes: 


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]]> Tue, 8 Sep 2026 15:13:39 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ A “consultant” was on TV last week in a panic over the cost of watching NFL games now, not to mention the utter horror of finding out which streaming network your game might be on. The greed and debauchery of “big football” are on full display as far as many are concerned, but one group stands out as not being concerned at all: those who actually watch the NFL.  And there is something else being missed when people complain about the cost of watching the NFL, something even more obvious than the fact that NFL fans love it. Listen to today’s Capital Record for a test case in basic economics that even a punter could understand.

Show Notes: 


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]]> Episode 320: Gratitude for Higher Football Costs David L. Bahnsen 00:11:55 conservative news, football, cost of living, nfl, capital record, national review false full 323 7147485d-6994-483a-895e-ee4363b819b4 Episode 319: Uncle Sam, The Oil Tycoon It was announced over the weekend that the United States is taking a 35 percent stake in a private energy company connected to Venezuelan oil rights. Is this “U.S. government in private business” thing getting out of control, or is the United States government a natural business partner in the Venezuelan oil production market? In today’s Capital Record, David will unpack the good, bad, and ugly of this deal, and ask us if our first principles endorse these public-private partnerships, or if they should cause us concern.


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]]> Tue, 1 Sep 2026 14:57:43 +0000 studio@nationalreview.com (David L. Bahnsen) https://www.nationalreview.com/podcasts/capital-record/ It was announced over the weekend that the United States is taking a 35 percent stake in a private energy company connected to Venezuelan oil rights. Is this “U.S. government in private business” thing getting out of control, or is the United States government a natural business partner in the Venezuelan oil production market? In today’s Capital Record, David will unpack the good, bad, and ugly of this deal, and ask us if our first principles endorse these public-private partnerships, or if they should cause us concern.


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]]> Episode 319: Uncle Sam, The Oil Tycoon David L. Bahnsen 00:16:09 conservative news, oil deal, energy, oil, venezuela, capital record, national review false full 322 45c54a2a-ba2b-465a-89ba-458ec54771e1 Episode 318: Fusionism David is joined by Stephanie Slade, author of the brand new book, Fusionism, and a prolific writer and public thinker around the fusion of liberty and virtue. The discussion is historical and philosophical, and represents the topic most foundational to the founder’s vision of this great republic. Not to be missed!

Show Notes: Stephanie Slade’s new book, Fusionism: Liberty, Virtue, and the Future of the American Right


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]]> Thu, 27 Aug 2026 14:00:00 +0000 studio@nationalreview.com (David Bahnsen, Stephanie Slade) https://www.nationalreview.com/podcasts/capital-record/ David is joined by Stephanie Slade, author of the brand new book, Fusionism, and a prolific writer and public thinker around the fusion of liberty and virtue. The discussion is historical and philosophical, and represents the topic most foundational to the founder’s vision of this great republic. Not to be missed!

Show Notes: Stephanie Slade’s new book, Fusionism: Liberty, Virtue, and the Future of the American Right


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]]> Episode 318: Fusionism David Bahnsen, Stephanie Slade 00:44:43 conservative news, fusionism, liberty, libertarian, conservative, virtue, national review false full 321