One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins,
No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its
Republicans today are decrying the “lawfare” that Democrats are using against them, and rightly so. However, had Republicans not vastly expanded federal
Does bad money drive out good money? Mark Thornton discusses one of the most impactful principles of modern society.