How Future Supply Moves Today's Prices

About this episode

Bob discusses how expectations of future supply changes affect present prices and production decisions.

This week, Bob walks through three thought experiments to show how expectations of future supply changes ripple into present prices and production decisions in ways that purely mechanical monetary frameworks like MV=PQ can't capture. Related: How Can Mining Asteroids in the Future Make Us Richer Today?: Mises.org/HAP551a Bob's 2008 Article on Oil Prices: Mises.org/HAP551b Celebrate Murray Rothbard's 100th birthday with a free copy of Anatomy of the State. Get yours at Mises.org/HAPodFree

People in this episode

Host: Bob

Topics covered

• supply and demand
• price theory
• monetary frameworks
• expectations
• production decisions

Keywords

• supply
• prices
• monetary frameworks
• expectations
• production

Mentioned in this episode

Organizations: Mises Institute

Books & works: Anatomy of the State, How Can Mining Asteroids in the Future Make Us Richer Today?, Bob's 2008 Article on Oil Prices

More episodes of The Human Action Podcast

• A Scholarly Takedown of MMT: Emmanuel Maggiori on the Theory's Fatal Flaws · June 9, 2026
• Why Socialism Fails: From Mises's 1920 Article to Today · May 19, 2026
• Making Sense of the Trump Administration's "Hail Mary" on Iran · May 15, 2026
• Responding to Geochartalism: Did Mosler Complete Menger? · May 4, 2026
• Robert Aro on the Fed's Reverse Repo Trick · April 27, 2026
• Luke Gromen on the Strait of Hormuz and Supply Chain Collapse · April 21, 2026