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The Federal Reserve Bank (the Fed) and the Biden administration are systematically undermining the stability of the American economy with a variety of unwise and destructive policies. The Fed and the administration defend these policies by denying obvious economic truths, which include their own inflation data. Treasury Secretary Janet Yellen

[Editors note: Mr. Luddy will be giving the Henry Hazlitt lecture at this year’s Austrian Economics Research Conference.  Click here to learn more. ] The most important issue facing America today is the national debt and increasing federal deficits. Our national debt now exceeds yearly gross domestic product (GDP). The U.S is the wealthiest

The following article is based on my recent lecture at the Mises Institute in Auburn, Alabama, entitled: “Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence.” ( Click here for video .) Here I will explore morality as Hazlitt’s foundational theme in economics. Henry Hazlitt is considered to be one of the best

THE AUSTRIAN: How did you first become acquainted with Austrian economics and the Mises Institute? ROBERT LUDDY: I was first introduced to Austrian economics by Dr. Bill Peterson, a student of Ludwig von Mises. We met when he was the Lundy Chair of the Philosophy of Business at Campbell University. Dr. Bill and I became lifelong friends and I was

America has two democracies, one political and the other free market. The concept of a political democracy dates back to Plato and his “Republic.” Ludwig von Mises and my mentor Dr. Bill Peterson (a student and colleague of Mises) wrote extensively about our market democracy. Both of these great men are now just a memory but their legacy defines