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Politics

Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society and is morally unacceptable, but in reality, it...

Politics

Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal...

Politics

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...

Politics

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...

Politics

When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That...

Politics

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...

Politics

No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its monetary commitments.