The Christian Faith in the Thought and Life of Frédéric Bastiat
Frederic Bastiat was a well-known and eloquent defender of liberty and free-market economics. He also was a devout Catholic who looked to tie his faith to his economic and political…
Freedom of Association and Cancel Culture
As Murray Rothbard often noted, freedom of association is a fundamental right, what he called a “subset of private property rights.” Unfortunately, our modern cancel culture has taken aim at…
The Mirage of Honest Government
America is always on the verge of finally having “honest government.” Of course, what passes for “honest government” is a government that efficiently takes wealth from productive people and transfers…
The Keynesian Multiplier Fairy Tale
One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most…
Economic Calculation and the Entrepreneur: Austrian Economics Is the Best Source for Understanding the Market Economy
The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—fail to comprehend that it even exists. Yet, without economic calculation we…
Tariffs, Protectionism, and Why Borders Matter
The political zeitgeist is to embrace protectionism, leading some who support free trade to embrace open borders. However, as Murray Rothbard explained, people and societies are complex entities and what…
The Denarius and the Dollar: Price Controls Then and Now
The more things change, the more they remain the same. In our present age of inflation, we are reminded of how Diocletian and other Roman authorities ordered price controls and…