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  • Happy Birthday Ron!
    by Jeff Deist on August 20, 2019 at 5:00 pm

    The remarkable life of Ron Paul began in Pittsburgh 84 years ago today, in 1935—seven months after Elvis Aaron Presley came into the world. We wish him a very happy birthday, and many more years of health and productivity.  It's a rare person who peaks later in life, but Dr. Paul […]

  • Hannah Cox Tells Conservatives Why They Should...
    by Robert P. Murphy on August 20, 2019 at 2:15 pm

    Hannah Cox is National Manager of the organization Conservatives Concerned About the Death Penalty. She is conservative/libertarian on standard policy issues, and is a strong advocate of the 2nd Amendment, but even so—perhaps surprisingly to some—she is also very alarmed with the […]

  • Cheryl and Cliff Pia on the Economics of...
    by Hunter Hastings on August 20, 2019 at 1:30 pm

    There are many, many pathways of entrepreneurial opportunity in creative services, where it is eminently possible to succeed on talent, where big companies are eager to work with small creative companies and individuals, where agile low-overhead business models are thriving, and where technology is […]

  • Money Printing Can't Replace Saving and...
    by Frank Shostak on August 19, 2019 at 4:00 pm

    There are some signs that the pace of US economic activity is starting to slow down. For instance, the yearly growth rate of industrial production, which closed at 5.4% in September 2018, fell to 1.3% by June this year (see chart). In addition, the annual growth rate of the consumer price index […]

  • When State Governors Tried To Take Back Control...
    by Ryan McMaken on August 19, 2019 at 11:15 am

    A West Virginia state lawmaker plans to re-introduce a bill next session that would require Congress declare war or call forth the state militia before the West Virginia National Guard could be released from state control and sent into combat. Currently, as The Intelligencer (of Wheeling) puts it: […]

  • What Student Loans and Health Care Have in Common
    by Nicholas C. Anderson on August 19, 2019 at 11:00 am

    What is the governing dynamic causing both student loans and healthcare burdens to run away from us? As a health economist, I spend my days working with incredibly innovative medical device and biotechnology companies who are commercializing into the healthcare space. By consequence, I’m […]

  • Nicholas Oresme and the First Monetary Treatise
    by Jörg Guido Hülsmann on August 17, 2019 at 7:00 pm

    The practical offshoot of the Austrian theory of money is that the production of money should best be left to the free market. Government interventionism does not improve monetary exchanges; it merely enriches a select few at the expense of all other money users. And on the aesthetic side, the […]

  • Austrian Economics Can Help Investors Look Beyond...
    by Christian Hubbs on August 17, 2019 at 4:00 pm

    The most important thing is to wait, and we are qualified to wait.~Francsico García Paramés Francsico García Paramés — often referred to as the Spanish Warren Buffett — is a master value investor who has flown under the radar for American audiences. […]

  • From the Malthusian Trap to the Keynesian Trap:...
    by Neema Parvini on August 17, 2019 at 11:00 am

    Since Irving Fisher and John Maynard Keynes were writing in the 1930s, there have been two prevailing orthodoxies in mainstream economics: 1. That deflation is an unalloyed negative.12. That consumer-led economic growth must be our top economic priority.2 In this article, using British […]

  • If Deficits Are This Huge Now, What Happens When...
    by Ryan McMaken on August 16, 2019 at 11:45 pm

    The Treasury Department released new budget deficit numbers this week, and with two months still to go in the fiscal year, 2019's budget deficit is the highest its been since the US was still being flooded with fiscal stimulus dollars back in 2012. As of July 2019, the year-to-date budget deficit […]

  • Auberon Herbert On Self Defense
    on August 16, 2019 at 7:00 pm

    [Excerpted from "Voluntaryism: The Political Thought of Auberon Herbert," from the Journal of Libertarian Studies 2, no 4 (1978): 303–04.] Against what types of actions do a person's rights provide moral immunity? Since person A's having a right to something involves his moral freedom and […]

  • A Prince of Liechtenstein Discusses Private...
    by Claudio Grass on August 16, 2019 at 4:00 pm

    [Adapted from an interview with His Serene Highness Prince Michael of Liechtenstein. H.S.H. Prince Michael of Liechtenstein is the Founder and Chairman of Geopolitical Intelligence Services AG, as well as president of the Think Tank ECAEF (European Centre of Austrian Economics Foundation). He is […]

  • The High Cost of Occupational Licensing
    by Antony Sammeroff on August 16, 2019 at 11:00 am

    One of the most fundamental things about economics — which many people who are passionate about politics do not understand — is that the economy is not like a chess board where you can move one piece with deterministic and predictable consequences. On the contrary, an economy is an […]

  • Why Joe Biden Is Winning the Gun-Control Debate
    by Ryan McMaken on August 15, 2019 at 8:15 pm

    There are two fundamental arguments most commonly made against gun control. The Anti-Crime Argument The first one is based on the idea that persons have a fundamental right to self-defense against ordinary criminals. That is, in a world where criminals have access to either legal or illegal […]

  • The Problem of Immoral Choices in the Marketplace
    by Murray N. Rothbard on August 15, 2019 at 7:00 pm

    [Excerpt from Man, Economy, and State with Power and Market, chapter 6: Antimarket Ethics: A Praxeological Critique (2009), pp. 1303–06.] Some writers are astute enough to realize that the market economy is simply a resultant of individual valuations, and thus they see that, if they do not […]

  • White Collar Welfare: What It's Like to Work for...
    by Doug French on August 15, 2019 at 4:00 pm

    Shannon O’Toole, according to the author's biography on Amazon, “worked extensively to identify fraud in multiple government programs. She received countless accolades and honors for her achievements and finally the prestigious HUD Secretary’s Award for her work.” The […]

  • The Problem with Private Prisons Is Not that They...
    by Chris Calton on August 15, 2019 at 11:00 am

    The Brennan Center for Justice recently published a collection of essays, all written by far-left politicians, about how the United States might solve the problem of mass incarceration. Bernie Sanders contributed an essay titled “Abolish For-Profit Prisons.” His essay should come as no […]

  • The Rise of Capitalism
    by Ludwig von Mises on August 14, 2019 at 7:00 pm

    The precapitalistic system of production was restrictive. Its historical basis was military conquest. The victorious kings had given the land to their paladins. These aristocrats were lords in the literal meaning of the word, as they did not depend on the patronage of consumers buying or abstaining […]

  • Lew Rockwell speaking at Ron Paul Institute's...
    on August 14, 2019 at 5:30 pm

    […]

  • How Canadian Cops' Legal Immunity Endangers the...
    by Lee Friday on August 14, 2019 at 4:00 pm

    On July 28, in London, Ontario, a police pursuit of two bank robbers resulted in three collisions. The suspects’ car hit another car, and police cars hit two other cars, the second of which was a taxicab, which appears to have had the right-of-way in an intersection. The taxi driver has […]

  • The Dangers of Defamation Laws
    by Ryan McMaken on August 14, 2019 at 3:45 pm

    Centuries ago, those who believed themselves to be harmed by "slanderous" words may have had to take matters into their own hands, perhaps through dueling, or even through just a drunken fist fight with one's accuser down at the local tavern. Sometimes, these confrontations led to either […]

  • Why Roddy Piper Was Too Rowdy in 'They Live'
    by Robert P. Murphy on August 14, 2019 at 1:45 pm

    Bob Murphy analyzes John Carpenter’s 1988 cult classic They Live, starring Roddy Piper. After making some general observations about the major thematic elements, Bob critiques the main character’s strategy for dealing with an alien takeover of the media and government. For more […]

  • Abolish the Federal Death Penalty
    by Ryan McMaken on August 13, 2019 at 8:00 pm

    After almost twenty years without an execution, the Federal penal system has decided to proceed with a number of executions. NPR reported last month: U.S. Attorney General William Barr has instructed the Federal Bureau of Prisons to change the federal execution protocol to include capital […]

  • Bob Graboyes: From Fortress to Frontier in...
    by Michel Accad, Anish Koka on August 13, 2019 at 7:00 pm

    According to our guest, American health care is stuck in a fortress mentality that stifles innovation, constrains medical advances, and yields low quality care. That fortress was erected more than one hundred years ago but, in many ways, is being circumvented by creative actors who are seizing […]

  • The Triumph of Socialism
    by Llewellyn H. Rockwell Jr. on August 13, 2019 at 7:00 pm

    [Originally published November 11, 2009.] Do you think ideas don't matter, that what people believe about themselves and their world has no real consequence? If so, the following will not bug you in the slightest. A new BBC poll [reported November 2009] finds that only 11 percent of people […]

  • Per Bylund on the Entrepreneurial Opportunity of...
    by Hunter Hastings, Per Bylund on August 13, 2019 at 12:45 pm

    Dr. Bylund observes that students, when selecting entrepreneurial projects for his course, lean heavily towards consumer products and services. Does this represent smart entrepreneurial thinking, or not? Is it biased by (lack of) marketplace experience? Is it biased by media reporting and […]

  • Why the Dollar Rules the World — And Why Its...
    by Antony P. Mueller on August 13, 2019 at 11:00 am

    President Donald Trump wants a lower US dollar. He complains about the over-valuation of the American currency. Yet, is he right to accuse other countries of a “currency manipulation”? Is the position of the US dollar in the international monetary arena not a manipulation in its own […]

  • Patrick Newman Cracks the Code to Publish a New...
    by Robert P. Murphy, Patrick Newman on August 12, 2019 at 9:15 pm

    Economist Patrick Newman relays his adventurous tale of deciphering Murray Rothbard’s handwritten manuscript on early American history. Needless to say, Rothbard’s take is not what you learned in school. For more information, see BobMurphyShow.com. The Bob Murphy Show is also available […]

  • Trump's Hypocrisy on Currency Manipulation
    by Mark Brandly on August 12, 2019 at 7:00 pm

    When Donald Trump was running for President he accused China’s trade policies and the resulting U.S. trade deficit of being “the greatest theft in the history of the world.” His position on China has remained unchanged. Trump recently, again, denounced China for manipulating […]

  • A World of Malice
    by Jeff Deist on August 12, 2019 at 4:15 pm

    The New Right: A Journey to the Fringe of American Politicsby Michael MaliceAll Points Books/St. Martin's Press 2019307 pagesThis review appears in forthcoming September/October issue of The Austrian Conservatism, Michael Malice famously remarks, is progressivism driving the speed limit. […]

  • GDP Growth Isn't the Same Thing as Economic Growth
    by Frank Shostak on August 12, 2019 at 4:00 pm

    To gain insight into the state of an economy, most financial experts and commentators rely on a statistic called the Gross Domestic Product (GDP). The GDP framework looks at the value of final goods and services produced during a particular time interval, usually a quarter or a year. This statistic […]

  • Why Mises Opposed a Global Government for...
    by Viraj Bhide on August 12, 2019 at 11:00 am

    A recent episode of the Human Action Podcast dealt with Mises’ Omnipotent Government, written between 1939 and 1943 and first published in 1944. Besides its treatment of German national socialism, Mises’ Omnipotent Government also contains an analysis of the various suggestions for […]

  • The Social Philosophy of the Austrian Economists
    by Ralph Raico on August 10, 2019 at 7:00 pm

    [A selection from Austrian Economics and Classical Liberalism. See source for full list of citations and notes.] Erich Streissler (1987, p. 1) has maintained that what united the Austrian economists into a "school" was never any theoretical concept, such as marginal utility, but simply their […]

  • No One Has a Right to a Good Reputation
    by Lee Friday on August 10, 2019 at 11:00 am

    Irving Shipbuilding Inc. (headquartered in Halifax, Nova Scotia) has multi-billion-dollar contracts (see here and here ) to supply various ships to the Canadian government. Major news outlets (Postmedia, Globe and Mail) have posed questions to the government about, and raised concerns about, […]

  • The Feds Move Closer to a $15 Minimum Wage
    by José Niño on August 9, 2019 at 7:00 pm

    Democratic presidential candidates from centrists like former Colorado Governor John Hickenlooper to progressive champion Bernie Sanders have come to a consensus on the issue of a $15 minimum wage. Meanwhile, Alexandria Ocasio-Cortez has declared, “Any job that pays $2.13 an hour is not a […]

  • In Brazil, Social Democracy Breeds Corruption
    by Jean Vilbert on August 9, 2019 at 4:00 pm

    Brazilians were told the way to reducing poverty and curbing social inequality was enlarging the government’s role in the economy through the expansion of public services and public works. And the voters believed it. Social democrats were elected with the hope that they would bring a more […]

  • Give Guantanamo Back to Cuba
    by Jacob G. Hornberger on August 9, 2019 at 11:00 am

    The U.S. Empire, which controls much of the world through hundreds of military bases in foreign countries, through foreign regimes run by domestic U.S. puppets, and through foreign dependency on U.S. foreign aid, got its start in 1898 during the Spanish American War. It was that war that enabled […]

  • Richard von Strigl on Subjective Value
    by Richard von Strigl on August 8, 2019 at 7:00 pm

    [This is an excerpt from Richard von Strigl's 1937 textbook Einführung in die Grundlagen der Nationalökonomie, as found in chapter 3, part 5: "Die Lehre vom wirtschaftlichen Werte." It is here presented in the English language for the first time. The translator, Pedro Almeida Jorge, from […]

  • Federal Judges Are Waging War on the Fourth...
    by Chris Calton on August 8, 2019 at 4:00 pm

    In 1984, as part of Ronald Reagan’s renewed war on drugs, the Drug Enforcement Administration launched Operation Pipeline. This program was inspired by the strategies employed by state troopers in New Mexico who, after pulling somebody over, asked specific questions designed to determine […]

  • Bob Explains the Highlights of His New QJAE...
    by Robert P. Murphy on August 8, 2019 at 2:45 pm

    Bob Murphy explains some of the most important points in his new QJAE article on the fractional reserve banking debate. Bob shows why Mises thought any issuance of fiduciary media caused the boom-bust cycle, and he points out a major flaw in George Selgin’s defense of fractional reserve […]

  • The Alleged Joys of the Pre-Capitalist Economy
    by Murray N. Rothbard on August 7, 2019 at 7:00 pm

    [From "Alleged Joys of the Society of Status" in Power and Market, Chapter 6.] One common related criticism of the free market and free society (particularly among intellectuals who are conspicuously not craftsmen or peasants) is that, in contrast to the Happy Craftsmen and Happy Peasants of the […]

  • 2020 Candidates Offer New Government Ponzi Schemes
    by Gary Galles on August 7, 2019 at 4:00 pm

    Seeing the Democrat debates has reminded Americans just how much of campaigning is promising something-for-next-to-nothing in attempts to buy electoral support. But when you think about historic Democrat bragging points, like Social Security and Medicare, that is not surprising. They have long been […]

  • Wars and Domestic Massacres
    by Llewellyn H. Rockwell Jr. on August 7, 2019 at 11:00 am

    This past weekend, 22 people were killed in El Paso, Texas and 9 in Dayton, Ohio. There have been a number of other mass shootings in the past two decades or so; the largest was in Las Vegas in 2017, with 58 killed. This is sad, but it is a drop in the bucket compared to the real perpetrators of […]

  • Economist Ben Powell Reports on His Worldwide...
    by Robert P. Murphy, Benjamin Powell on August 6, 2019 at 6:30 pm

    Ben Powell, head of the Free Market Institute at Texas Tech, discusses his newly-released book Socialism Sucks (co-authored with Robert Lawson). Powell and Lawson toured countries around the world to observe firsthand life under ACTUAL socialism—in places like North Korea and […]

  • Peter Klein on Organization
    by Hunter Hastings, Peter G. Klein on August 6, 2019 at 2:30 pm

    Austrian economics has valuable and important things to say about organizing entrepreneurial firms. Key Takeaways And Actionable Insights Organization can make a crucial difference to entrepreneurial success. Ideas alone are not enough — execution is needed and the details of execution are […]

  • The Dirty Secret about Gun Control in Latin...
    by José Niño on August 6, 2019 at 11:00 am

    Univision anchor Jorge Ramos wants an America filled with gun control. During a segment of Real America with Jorge Ramos, the journalist played a number of clips featuring 2020 presidential hopeful Cory Booker’s plan to tackle America’s alleged gun violence “epidemic.” In […]

  • Mexicans Are Safer in El Paso than in Mexico
    by Ryan McMaken on August 5, 2019 at 10:15 pm

    The Mexican government, which has contributed heavily to Mexico having one of the world's worst homicide rates, has announced it may seek legal action against the United States "for failing to protect its citizens after this weekend's mass shooting in the border city of El Paso." In a statement […]

  • The Stupidity of the American Healthcare Consumer?
    by Michel Accad, Anish Koka on August 5, 2019 at 8:15 pm

    The Affordable Care Act was allegedly passed thanks to “the stupidity of the American voter.” The economist who made that claim—and who is also considered to be one of the architects of the law—has recently published a working paper that examines whether better-informed […]

  • The Failure of Global Liberal Hegemony
    by David Gordon on August 5, 2019 at 7:00 pm

      The Hell o Good Intentions: America's Foreign Policy Elite and the Decline of U.S. Primacyby Stephen M. WaltFarrar, Straus, and Giroux, 2018xii + 384 pages Stephen Walt has put himself in a difficult position. He is a Professor of International Affairs at the Kennedy School of Government at […]

  • Price Stability Is Overrated
    by Frank Shostak on August 5, 2019 at 4:00 pm

    The idea of price stability originates from the view that volatile changes in the price level prevent individuals from clearly seeing market signals as conveyed by changes in the relative prices of goods and services. For instance, because of an increase in the demand for apples, the prices of […]

 

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Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum

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Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

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