Assumptions in Economics and in the Real World
November 11, 2024
Mainstream economists often base their analysis upon assumptions that do not square with reality. Austrian economics, on the other hand, is built
Your Kids Are Already Communist, and College Will Make It Worse
November 11, 2024
Modern American culture is statist to the core. The typical school curriculum tells students that capitalism is evil and socialism is good,
Mises on the Human and Financial Disaster that Was World War I.
November 11, 2024
On this day 106 years ago, the warring parties of World War I agreed to an armistice, ending more than four years
The Constitution’s Negative Effects on Free Trade
November 11, 2024
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it
How the Bankers Outfoxed the Politicians
November 11, 2024
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs.
Does the Central Bank Determine Interest Rates?
November 11, 2024
A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there
The Perils of Lawfare
November 11, 2024
One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use
The Manifestation of Economic Laws Across Societies and Epochs
November 11, 2024
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless