Interventionism

Thanks to taxpayer funding, scientific research has become utterly and hopelessly politicized. It’s time to pull the plug on this funding for good.

Politicians in the US and elsewhere appeal to envy as they demand destructive wealth taxes to be levied on billionaire business owners.

The editors of this important new philosophy book are young Polish professors and researchers who remember the horrors of Soviet communism and are fully inoculated against anticapitalism.

Young Americans and young right-wingers are correct to reject the awful status quo. But to really reject it, you first have to understand it. It would be a major mistake for the Right to delegate their understanding of what’s gone wrong under the current system to their ideological opponents.

What should the younger generation do about their economic difficulties? First, learn economics—real economics. Learn logic and, math. Unlike other disciplines, correct economics does not change with trends. It helps you understand the world, predict outcomes, and make better decisions.

Mainstream economics and finance theories hold that markets immediately adjust to new information. While market prices do reflect available information, the Efficient Market Hypothesis (EMH) fails to explain the boom-bust cycle as well as Austrian analysis.

The boom-and-bust cycle isn’t limited just to so-called advanced economies. It also has become a way of life in the economies of tropical countries and other emerging economies.

New scholarly work is appearing regularly in the Quarterly Journal of Austrian Economics. Here are some articles from the latest issue.

The modern state doesn’t get its power from the consent of the governed. Instead, it creates crises and then uses coercion to demand obedience.

The modern state doesn’t get its power from the consent of the governed. Instead, it creates crises and then uses coercion to demand obedience.