As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is...
While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The...
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.
Contrary to anti-freedom myths, “greedy” business owners don’t decide what prices will be for goods and services.
In What Has Government Done to Our Money? Murray Rothbard changes your whole view of the world—not just money.
Walter Block has attempted to reconfigure libertarian thinking in regards to self-defense. Unfortunately, his theories are illogical, Orwellian, and conflict with Murray Rothbard‘s clear thinking on the...
The election of Donald Trump has revived debate about tariffs and their effects. Austrian economists point out that the damage tariffs impose is not limited to increasing...
Bob reacts to Bryan Caplan’s current views, arguing that the history of economic thought is indeed important, and the Misesian approach to praxeology is crucial.
We hear of many schemes to promote government “efficiency.” The problem is that the very nature of government makes “efficiency” impossible.
We hear of many schemes to promote government “efficiency.” The problem is that the very nature of government makes “efficiency” impossible.