Fiscal Theory

Murray Rothbard, writing in 1971, blasted both the Nixon administration and the erstwhile "free-market" conservatives, basking in the seats of power, who betrayed whatever principles they may have had for the service of the state.

The 1970s were the turning point in the wrong direction. Under Keynesian guidance, gold was abandoned, prices increased, and the dollar rapidly depreciated.

Everyone seems to agree that Reagan slashed the size and scope of government. Murray N. Rothbard exposes the truth.

"The worst failures of money, the worst things done to money, were not done by criminals but by governments."

People do not save and accumulate capital because there is interest. Interest is neither the impetus to saving nor the reward or the compensation granted for abstaining from immediate consumption. It is the ratio in the mutual valuation of present goods as against future goods.

In the real world, it is impossible to separate economic analysis from an understanding of the effects of state intervention in the marketplace.

In this 42-minute talk, Canadian historian and political scientist Ronald Hamowy discusses the basics of how Canadian healthcare works, plus the many rarely-mentioned true costs of the system.

In this 28-minute talk, Peter Klein explains why governments employ so many economists, and what economists should really be doing.

Social Security was a revolution that shifted the responsibility for income maintenance from the private to the public sector.