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The Free Market Institute (FMI), in conjunction with KTTZ-TV, produces Free to Exchange, an interview-based television program that focuses on both historical and contemporary economic and public policy issues. KTTZ-TV is a television affiliate of Texas Tech University System Public Broadcasting.

FMI Director, Benjamin Powell, hosts Free to Exchange, which features short interviews with scholars visiting Texas Tech University, as well as occasional interviews with scholars working at Texas Tech University and other local and regional institutions. Program guests, who have expertise in a variety of disciplines and on a wide range of topics, offer their perspectives on pressing economic and public policy issues.

Free to Exchange airs on KTTZ-TV on Sunday mornings at 10:30 AM CST. Past episodes will be made available through the KTTZ-TV YouTube channel. As past episodes become available, they will be cataloged on this page.

Season Two

Season One

Season Two

EPISODE 11 — Inequality in the United States/Space Debris and Private Governance

Dr. J. Robert Subrick and Dr. Alexander Salter

Featuring J. Robert Subrick, Associate Professor of Economics at James Madison University, and Alexander Salter, Comparative Economics Research Fellow a the Free Market Institute at Texas Tech University.

Prof. Powell discusses recent concerns about inequality with Dr. Subrick, focusing particularly on some its causes and consequences. Then, he and Dr. Salter address the problem of debris in outer space and the prospects for private solutions to these problems.

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EPISODE 10 — Energy Markets and Global Warming Policy

Dr. Timothy Fitzgerald and Dr. Robert Murphy

Featuring Timothy Fitzgerald, Associate Professor of Economics in the Jerry S. Rawls College of Business Administration at Texas Tech University and Robert Murphy, Research Assistant Professor at the Free Market Institute at Texas Tech University.

Prof. Powell discusses oil and gas markets with Dr. Fitzgerald, including recent developments and changes in production techniques. Then, he and Dr. Murphy examine the merits of proposed public policy responses to problems presented by global climate change.

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EPISODE 9 — Evolution of Freedom

Prof. Randall Holcome and Dr. Matt Ryan

Featuring Randall Holcombe, DeVoe Moore Professor of Economics at Florida State University, and Matt Ryan, Associate Professor of Economics at Duquesne University.

Prof. Powell and Prof. Holcombe discuss changing perceptions about the role of the federal government throughout American history. Then, he and Dr. Ryan discuss his research examining the emergence of think tanks and other public policy organizations in the second half of the twentieth century.

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EPISODE 8 — Free to Exchange: Ron Paul and Freedom/Rock and the Berlin Wall 

Dr. Ron Paul and Prof. Larry Schweikart

Featuring Ron Paul, former U.S. Representative from Texas, and Larry Schweikart, Professor of History at the University of Dayton.

Prof. Powell speaks with Dr. Paul about the development of his views on the relationship between markets and government. Then, he and Prof. Schweikart examine how rock and roll music played changed attitudes toward individual liberty in countries behind the Iron Curtain.

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EPISODE 7 — Civil War and The Great Depression

Prof. Jeffrey Rogers Hummel and Dr. Robert Higgs

Featuring Jeffrey Rogers Hummel, Professor of Economics at San Jose State University, and Robert Higgs, Senior Fellow in Political Economy at Independent Institute.

Prof. Powell speaks with Prof. Hummel about the growth of government power as a consequence of the civil war in the United States. Then, Dr. Higgs addresses the question of whether free market capitalism caused and, if the government ultimately got the United States out of the Great Depression.

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EPISODE 6 — Standards of Living and Fostering Entrepreneurship

Prof. Donald Boudreaux and Prof. Russell Sobel

Featuring Donald Boudreaux, Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at George Mason University, and Russell Sobel, Professor of Economics & Entrepreneurship at The Citadel.

Prof. Powell speaks and Prof. Boudreaux discuss popular claims about the stagnation of living standards for middle-class citizens of the United States since the 1970s. Then, he and Prof. Sobel discuses the role of entrepreneurship in driving the innovative activity that underlies long-term economic progress.

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EPISODE 5 — Private Governance

Prof. Peter Boettke and Dr. Edward Stringham

Featuring Peter Boettke, University Professor of Economics and Philosophy at George Mason University, and Edward Stringham, Economics and Entrepreneurship Research Fellow with the Free Market Institute at Texas Tech University.

Prof. Powell and Prof. Boettke discuss the economics of self-governance with a particular focus on the distinction between governance and government. Then, Dr. Stringham discusses his most recent book, Private Governance, which explores the theory and history of the provision of governance through voluntary, contractual means.

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EPISODE 4 — Economic Freedom In the U.S. and Texas

Dr. Joshua Hall and Dr. Vance Ginn

Featuring Joshua Hall, Associate Professor of Economics and Co-Director of the Center for Free Enterprise at West Virginia University, and Vance Ginn, Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation.

Prof. Powell speaks with Dr. Hall about the broad importance of economic freedom in promoting economic progress and his co-authored project that attempts to provide empirical measures of economic freedom. Then, Dr. Ginn shares his insights about 'The Texas Model'  and current states and prospects for economic freedom in the state.

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EPISODE 3 — Barbarians and Western Civilization

Dr. Stephen Balch and Dr. Andrew Young

Featuring Stephen Balch, Director of The Institute for the Study of Western Civilization at Texas Tech University, and Andrew Young, Associate Professor of Economics at West Virginia University.

Prof. Powell speaks with Dr. Balch about the concept of western civilization with a particular focus on its historical roots in ancient civilization. Then, Dr. Young shares his insight about the less well known historical roots of western civilization that emerged as a result of the barbarian invasions.

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 EPISODE 2 — Food Policy

Prof. Darren Hudson and Prof. Jayson Lusk

Featuring Darren Hudson, Larry Combest Endowed Chair for Agricultural Competitiveness in the Department of Agricultural and Applied Economics at Texas Tech University, and Jayson Lusk, Willard Sparks Endowed Chair in the Department of Agricultural Economics at Oklahoma State University.

Prof. Powell discusses the theory, history and practice and agricultural policy in the United States with a particular focus on its applications to the economy of west Texas. Then, Prof. Lusk discusses his research on food policy in the United States.

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 EPISODE 1 — Crisis and Default

Dr. Robert Higgs and Prof. Jeffrey Rogers Hummel

Featuring Robert Higgs, Senior Fellow in Political Economy at the Independent Institute, and Jeffrey Rogers Hummel, Professor of Economics at San Jose State University.

Prof. Powell speaks with Dr. Higgs about his research on the history of crisis and its concomitant impact on the growth of government power in the United States. Then, Prof. Hummel discusses the likelihood of the United States federal government defaulting on its outstanding debt.

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Season One

EPISODE 15 — EU Regulations and the Financial Crisis in Greece

Dr. John Charalambakis and Prof. Enrico Colombatto

Featuring Enrico Colombatto, Professor of Economics at the University of Turin and Director of the International Centre for Economic Research, with John Charalambakis, Managing Director of BlackSummit Financial Group and Former Professor of Economics and Finance at the University of Kentucky, and Scott Beaulier, Executive Director of the Center for Economic Liberty at Arizona State University.

Prof. Powell speaks with Dr. Colombatto about EU regulations and the economy. Then, Dr. Charalambakis shares some lessons learned form the financial crisis in Greece. In the second half of the episode, Prof. Powell discusses economic development in Africa with Dr. Beaulier.

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EPISODE 14 — Youth Unemployment and Water Markets in the American West

Dr. Scott Beaulier and Dr. Ryan Williams

Featuring Scott Beaulier, Executive Director of the Center for Economic Liberty at Arizona State University, and Ryan Williams, Assistant Professor of Agricultural and Applied Economics at Texas Tech University.

Prof. Powell speaks with Dr. Beaulier about labor markets and youth unemployment within the millennial generation. Then, he discusses water markets in the American West with Dr. Williams.

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EPISODE 13 — Economic Systems of The Soviet Union and The Apartheid System in South Africa

Prof. Peter Boettke and Prof. Peter Lewin

Featuring Peter Boettke, University Professor of Economics and Philosophy at George Mason University, and Peter Lewin, Clinical Professor of Managerial Economics at University of Texas at Dallas.

Prof. Powell speaks with Prof. Boettke about the economic systems of the former Soviet Union and Eastern Block countries. Then, he discusses the economics of the apartheid system in South Africa with Prof. Lewin.

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EPISODE 12 — Prosecutor Incentives and Private Governance

Dr. Bryan McCannon and Dr. Edward Stringham

Featuring Bryan McCannon, Associate Professor of Economics at Saint Bonaventure University, and Edward Stringham, Economics and Entrepreneurship Research Fellow with the Free Market Institute at Texas Tech University.

Prof. Powell speaks with Dr. McCannon about the incentives that participants in the legal system, particularly prosecutors, confront and their impact on the system's performance. Then, he and Dr. Stringham address the structure and performance of institutional arrangements that provide protection of property rights and enforcement of contracts without the state.

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EPISODE 11 — Economies and Social Change

Prof. Edward J. Lopez and Mr. Matt Kibbe

Featuring Edward Lopez, Professor of Economics and BB&T Distinguished Professor of Capitalism at Western Carolina University, and Matt Kibbe, author of Don't Hurt People and Don't Take Their Stuff: A Libertarian Manifesto.

Prof. Powell speaks with Prof. Lopez about the economics of social and political change. Then, he discusses grassroots political change with Mr. Kibbe.

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EPISODE 10 — The Economic Effects of the Affordable Care Act

Prof. Robert A. Lawson and Dr. Gilbert Berdine, M.D.

Featuring Robert Lawson, Jerome M. Fullinwider Endowed Centennial Chair in Economic Freedom at the O'Neil Center for Global Markets and Freedom at Southern Methodist University, and Gilbert Berdine, Associate Professor of Internal Medicine at Texas Tech University Health Sciences Center.

Prof. Powell speaks with Prof. Lawson and Dr. Berdine about the economic effects of the Affordable Care Act. Comments from the featured guests focus on the broad economic impact of the legislation and the effects that it has had on the decision making among consumers and medical practitioners.

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EPISODE 09 — Intellectual Property in the Fashion Industry and Disaster Recovery

Dr. Edward J. Lopez and Dr. Daniel S. Sutter

Featuring Edward Lopez, Professor of Economics and BB&T Distinguished Professor of Capitalism at Western Carolina University, and Daniel Sutter, Charles G. Koch Professor of Economics at Troy University.

Prof. Powell speaks with Prof. Lopez about how free markets in fashion design operate without extensive intellectual property protection. Then, he discusses the topic of economic recovery after tornado strikes with Prof. Sutter.

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EPISODE 08 — Democracy, Dictatorship and Economic Efficiency

Dr. Bryan Caplan and Dr. Nicholas Cachanosky

Featuring Bryan Caplan, Professor of Economics at George Mason University, and Nicolas Cachanosky, Assistant Professor of Economics at Metropolitan State University of Denver.

Prof. Powell speaks with Prof. Caplan about how democratic processes often produce public policies that are inefficient from an economic point of view. Then, he and Dr. Cachanosky discuss the economic history of Argentina, and how different governance institutions have created different outcomes in countries throughout South America and Latin America.

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EPISODE 07 — The Economic Effects of Immigration

Dr. Alex Nowrasteh and Dr. Stephen H. Balch

Featuring Alex Nowrasteh, Immigration Policy Analyst with the Center for Global Liberty and Prosperity at Cato Institute, and Stephen Balch, Director of the Institute for the Study of Western Civilization at Texas Tech University.

Prof. Powell speaks with Mr. Nowrasteh about the economic effects of immigration in the United States, particularly the fiscal impact of increased immigration in both the short run and the long run. Then, he and Dr. Balch discuss immigration's impact on the economic and political institutions of the west and the legacy of western civilization.

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EPISODE 06 — Stagnation in the Japanese Economy and Shadow Economies

Prof. Dennis Patterson and Dr. Kathleen M. Sheehan

Featuring Dennis Patterson, Professor of Political Science at Texas Tech University, and Kathleen Sheehan, Post-Doctoral Research Associate with the Free Market Institute at Texas Tech University.

Prof. Powell speaks with Prof. Patterson about the rise, fall and stagnation of the Japanese economy during the second half of the 20th century and the early part of the 21st century. Then, he discusses the economic impact of shadow economies in the developing world with Dr. Sheehan.

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EPISODE 05 — WalMart, Insider Trading and Economic Efficiency

Prof. Richard K. Vedder and Dr. Alexandre Padilla

Featuring Richard Vedder, Edwin and Ruth Kennedy Distinguished Professor of Economics at Ohio University, and Alexandre Padilla, Associate Professor of Economics at Metropolitan State University of Denver.

Prof. Powell speaks with Prof. Vedder about the economic impact of WalMart for low-income workers, on employment opportunities and on local economies more generally. Then, he discusses the subject of insider trading and possibility that the use of inside information can help markets to function better with Dr. Padilla.

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EPISODE 04 — Global Poverty, Sweatshops and Economic Development

Dr. Adam Martin and Prof. Benjamin Powell

Featuring Adam Martin, Political Economy Research Fellow with the Free Market Institute at Texas Tech University, and Benjamin Powell, Director of the Free Market Institute at Texas Tech University.

Prof. Powell speaks with Dr. Martin about global economic development and the Gates Foundation's three myths on global poverty and development. Then, David Perlmutter, Dean of the College of Media and Communication at Texas Tech University, interviews Prof. Powell about his research examining the position and role of sweatshop labor in the process of economic development.

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EPISODE 03 — Political Capitalism: The Fall of Enron, Housing Bubbles and the Great Recession

Dr. Robert Bradley and Prof. Vernon Smith

Featuring Robert Bradley, Jr., Founder and CEO of the Institute for Energy Research, and Vernon Smith, George L. Argyros Chair in Economics and Finance at Chapman University.

Prof. Powell speaks with Dr. Bradley about the perverse incentives created by complex tax and regulatory systems and how such systems influenced Enron's business strategy. Then, he discusses the role of government policy in creating and sustaining the housing bubble that precipitated the Great Recession with Prof. Smith.

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EPISODE 02 — A Market for Human Kidneys?

Dr. James Stacey Taylor and Dr. Gilbert Berdine

Featuring James Stacey Taylor, Associate Professor of Philosophy at The College of New Jersey, and Gilbert Berdine, Associate Professor of Internal Medicine at Texas Tech University Health Sciences Center.

Prof. Powell speaks with Dr. Taylor and Dr. Berdine about the ethics and economics of the kidney transplant shortage in the United States and around the world, as well as the practical implications of implementing market principles to address the problem.

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EPISODE 01 — Economic Freedom, Technology and Innovation

Prof. Robert Lawson and Mr. Jeffrey Tucker

Featuring Robert Lawson, Jerome M. Fullinwider Endowed Centennial Chair in Economic Freedom at the O'Neil Center for Global Markets and Freedom at Southern Methodist University, and Jeffrey Tucker, Founder and CEO at Liberty.me.

Prof. Powell speaks with Prof. Lawson about economic freedom around the world. Then, he discusses how technology can help maintain and expand economic freedom with Mr. Tucker.

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