Politics
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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Rise In The Future
Politics
We’re told that tariffs are going to do all sorts of great things. Mark Thornton sets the record straight.
Politics
One of the unique features of Austrian economics is a coherent and consistent theory of business cycles. To understand business cycles, one must understand...
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
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions...
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.
Politics
Republicans today are decrying the “lawfare” that Democrats are using against them, and rightly so. However, had Republicans not vastly expanded federal criminal law...
Politics
Republicans today are decrying the “lawfare” that Democrats are using against them, and rightly so. However, had Republicans not vastly expanded federal criminal law...
Politics
In this review of Scott Horton’s new book, Enough Already, we see that the wars the US has raged for the past quarter century...