If one looks at the catastrophic consequences of the great paper-money inflations, one must admit that the cost of making and holding gold is the minor evil. It would be futile to retort that these catastrophes were brought about because the regime merely used fiat money improperly.
The Rothbard Graduate Seminar (RGS) provides an opportunity to learn about Austrian economics at a high level.
Tyler Cowen joins Bob to discuss his latest book on who is the Greatest of All Time in Economics.
While upholding the radical ideal, Rothbard happily cooperated with anyone who wanted to limit government power, no matter how gradually. The perfect was never the enemy of the good in his mind; the good was always an improvement. He combined idealism with realism, scholarship with accessibility, and boundless curiosity with commitment to truth.
Socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would, after centuries of gains in prosperity, rediscover the meaning of hunger on a massive scale.
Professor Salerno tells his personal story of how he discovered Austrian economics.
Peter Lewin joins Bob to discuss his work on uniting Austrian capital theory with mainstream finance.
Despite the many illustrious forerunners in its six-hundred-year prehistory, Carl Menger was the true and sole founder of the Austrian School of ec
Austrian economics is defined by its adherence to the a priori methodology, not empiricism. That places it at odds with mainstream economics, which stresses the methodology of positivism.
Austrian economics is defined by its adherence to the a priori methodology, not empiricism. That places it at odds with mainstream economics, which stresses the methodology of positivism.
