No Matter the Form, Easy Money Is Still a Fraud
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and…
The Manifestation of Economic Laws Across Societies and Epochs
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and…
The Constitution’s Negative Effects on Free Trade
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs…
How the Bankers Outfoxed the Politicians
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more.…
Does the Central Bank Determine Interest Rates?
A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.
The Perils of Lawfare
One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use criminal law in a very questionable way to…
Your Kids Are Already Communist, and College Will Make It Worse
Modern American culture is statist to the core. The typical school curriculum tells students that capitalism is evil and socialism is good, be the school private or government. And the…
Mises on the Human and Financial Disaster that Was World War I.
On this day 106 years ago, the warring parties of World War I agreed to an armistice, ending more than four years of slaughter in the trenches. As Ludwig von…
Assumptions in Economics and in the Real World
Mainstream economists often base their analysis upon assumptions that do not square with reality. Austrian economics, on the other hand, is built upon realistic assumptions and the acknowledgement that good…