John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.
So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don't need government-based rules because markets effectively regulate themselves.
Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails.
John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.
Throughout the Trump years, many of the worst war hawks have abandoned the GOP. However, others are trying to rebrand the same old neoconservative interventionism as part of a new “America First” agenda. Don’t fall for it.
Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails.
Many “mainstream” economists are bothered by the popularity of economically-flawed policy proposals like tariffs and price controls. It’s their own fault.
California's 2014 ban on “single-use” plastic bags was supposed to lead to less waste of plastic, which hasn't happened. Now environmentalists are demanding the state ban the same plastic bags mandated by the original legislation. One intervention begets another and another.
What Murray Rothbard used to call the "Old Right" stood for liberty, freedom of speech, and a free economy. Most importantly, they stood for peace, all in contrast to the "liberals" of their day and ours.
There is an attack on the customer by its anti-market enemies.
