Capital Record
Capital Record is a National Review podcast that explores the foundations of American prosperity through free markets and free people. Hosted by financier David Bahnsen, the show features interviews with top business leaders, entrepreneurs, and financial commentators. Guests include Larry Kudlow, Steve Forbes, and Art Laffer, who discuss the practical and moral case for capitalism. The podcast aims to counter rising socialist ideas and government intervention in the economy.
Episodes
Episode 316: What Is Wrong with JD Vance?
Social media was ablaze over the weekend as Vice President Vance continued his streak of outrageous economic statements that quickly allowed defenders of markets to pounce (yours truly included), and allowed his sycophantic defenders to rush to his defense (generally by claiming he didn’t mean what he said he meant). The fact of the matter is, we have a problem with what VP Vance is saying about e
Episode 315: The Common Good, Pornography, Gambling, and You
David is joined today by Christian theologian, Dr. Andrew Walker, to discuss the recent flare-up of interest in the “common good.” They will evaluate what first principles underlie the current debate, where there is common ground, and how we can advance the conversation to a place that honors both liberty and virtue. You will be shocked to hear that the conversation will delve into federalism, lim
Episode 314: The Real Story of Rent Stabilization
We’ll take on the economic illiteracy of Mamdani grocery stores in a future podcast, but first let’s take on his first policy case of incomprehensible duncery: His public posture on rent control and rent stabilization. This is an easy topic to address even in a 2026 Mamdani context, because nothing has changed since the early mix of rent stabilization with reality – it doesn’t work, and the reaso
Episode 313: When Economic Convenience Enhances Loneliness
Markets exist to accommodate commercial transactions, and these commercial transactions represent a major sphere of human existence. We work, produce, and exchange as a vital part of our human endeavor, and when these commercial transactions are not distorted, perverted, and suffocated by extrinsic forces, the testimony of history is that they do wonders toward building a more prosperous society a
Episode 312: Michaels and the Gift of Private Equity
Critics of private equity love to cite obscure or outlier stories of companies that failed and had private equity investment as some sort of proof for the evil of private equity. The arguments are as financially cogent as they are honest, which is to say, they are idiotic and riddled with lies. But in addition to the lies the Elizabeth Warren class tell about private equity all the time are the cl
Episode 311: That Big, Bad, Evil GDP Thing
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 real
Episode 310: Alan Greenspan’s Legacy
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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Episode 309: Setting the Record Straight on Alexander Hamilton
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 voic
Episode 308: When People Refuse to Be Happy
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 nea
Episode 307: Is Growth Doomed?
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 b
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