Other Schools of Thought

Dr. Jonathan Newman exposes the economic myths taught in government schools and shows what students are never told about markets, socialism, and the debates that shaped economics.

Using Randall Wray's classroom "buckaroo" currency, Bob shows how MMT thinks about money, and the claim that a fiat currency's natural rate of interest is zero.

While mainstream economists add an “inflation premium” to interest rates, Murray Rothbard looked at the complete picture, knowing that the real rate of interest dealt with many factors within the structure of production.

Months ago, the administration said the war's goals were regime change and the removal of all uranium from Iran. We never hear about that anymore because the war has failed to produce either goal. Instead, Trump calls for opening the Strait of Hormuz, which had been open before the war.

In 1871, Carl Menger gave what still is the best explanation of diminishing marginal utility. What was true in 1871 is true today.

Not a novelty but an inheritance: Jeffersonian, Jacksonian, and hard-money.

Issuing receipts for gold that does not exist is not banking. It is fraud.

Statistics can be interesting and informative, but only if one can properly understand them through sound economic theory.

Statistics can be interesting and informative, but only if one can properly understand them through sound economic theory.

With advances in the Austrian theory of the business cycle, Rothbard finally completed the monumental task of deducing the entire corpus of economic theory using the praxeological method.