Capital and Interest Theory

In 1958, John Kenneth Galbraith assailed American spending patterns. Consumers, he told us in The Affluent Society, spend too much on such fripperies as large tailfins on cars. 

The free economy has liberated the human spirit to produce a level of prosperity unknown in the history of the world. (Opinion column by Llewellyn H. Rockwell, Jr.)

A scheme heralded by the political elite turns out to be an economic fiasco everywhere it has been tried, argues Jeffrey Tucker.

An Austrian perspective on what the film and the phenomenon can teach us about entrepreneurship. (An interview with Joseph T. Salerno). 

It's traduced in normal times and blamed for every economic crisis, but speculation has an important role to play in the market economy. (Article by Christopher Mayer)  

Another day, another politician blasts economics as a discipline and political issue. (Column by Llewellyn H. Rockwell, Jr.)

So long as the Fed has the power to print, the boom-bust cycle is here to stay. (Paper by Frank Shostak)

MCI WorldCom and Sprint should be permitted to merge, regardless of what Washington regulators say. 

Do natural disasters really produce a boost in production? (Column by Llewellyn H. Rockwell, Jr.)

Workers are fine, but it was the discovery of capital that made possible the standards of living of today.