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We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them,...
Commercial real estate in the US faces major problems despite efforts by the Federal Reserve System to prop it up. Bonds used to finance...
The week, David Gordon guides us through the thoughts of Kai Draper in his book, War and Individual Rights. Dr. Gordon praises a great...
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes,...
In August, the money supply grew at the fastest rate in 23 months.
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more...
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France’s minister of finance more than...
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions...
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has...
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That...
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was...