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One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more...
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Wanjiru Njoya appears on The Tom Woods Show to discuss Hayek’s critique of “social justice.”
World News
The standard Keynesian line is that the government can shorten recessions by using fiscal and monetary “stimulus.” However, as Austrian economists note, ratcheting up...
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As people from Generation X move toward retirement, they are starting to understand that Social Security really is in crisis and many public pension...
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Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must...
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With the election of Donald Trump, we are seeing repeated use of another F-word to describe the direction America is going: fascist. But is...
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As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the...
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The $100 trillion fiscal timebomb means lower growth, lower real wages, financial repression, and destruction of the currencies’ purchasing power in the future.
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Let’s be realistic. The U.S. needs pro-growth strategies and tax cuts, but no administration will be able to offset a $1 trillion increase in...
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Nigeria has large oil deposits, educated people, and much economic potential. However, thanks to government intervention, Nigeria‘s promising economy is in shambles and no...
