{"podcast":{"title":"Audio Mises Wire","slug":"audio-mises-wire-1133748","podcast_index_feed_id":1133748,"rss_url":"https://cdn.mises.org/itunes/en_127226.xml","website_url":"https://mises.org/podcasts/audio-mises-wire","image_url":"https://cdn.mises.org/AudioMisesWire_20170621_1400.jpg","author":"Mises Institute","episode_count":150,"summary":"Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/audio-mises-wire-1133748"},"episode":{"title":"The Two Economies","slug":"the-two-economies","published_at":"2026-05-27T18:11:04+00:00","page_url":"https://stenobird.com/podcast/audio-mises-wire-1133748/the-two-economies","show_page_url":"https://stenobird.com/podcast/audio-mises-wire-1133748","url":"https://mises.org/podcasts/audio-mises-wire/two-economies","audio_url":"https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-05/mises-77882_20260527.mp3","summary":"As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purport to do these things, though only one of them really produces anything, and the other is organized by a peculiar form of exchange. The first is what is called the trade economy—the one summed up in the phrase \"the free market.\" The other might be called \"the tax economy.\" Original article: https://mises.org/free-market/two-economies","meta_description":"As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purpor…","key_points":[],"chapters":[],"topics":[],"duration_seconds":null,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/audio-mises-wire-1133748/episodes/the-two-economies/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/audio-mises-wire-1133748/the-two-economies.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}