Other Schools of Thought

Unemployment, stagnant growth, and financial market convulsions can all be traced to a single decision.

David Graeber's new book allegedly destroys the standard account of the origin of money. If correct, Graeber's views would prove embarrassing to the Austrian School, because it was Carl Menger who developed the first systematic explanation for how people went from barter to a full-blown monetary economy.

Which goddess has the greatest sway over the doings of men?

Strangely, Canada finds itself at the most pro-market limit of the political spectrum.

The wall separating state and society is crumbling. Or, rather, the state is taking a jackhammer to it.

Did you ever have the feeling that we've been through this before?

The idea is this: in spite of the federal-government's spending at the annual rate of 11 percent of GDP more than it is taking in, there isn't enough stimulus to get our woeful economy going. So, the answer is more spending; indeed, much more spending. If a "shot in the arm" isn't enough, then break out the defibrillator!

Rand's heroes weren't generals or people in law enforcement; they were engineers, inventors, designers — people focused on what they could do with their lives.

Starting with President Bush, and continuing into President Obama’s term, the US government has paid out more than $11 trillion in stimulus money.

Forty years ago today, on the morning of Sunday, August 15, 1971, the US president, Richard Nixon, declared the inconvertibility of the dollar into gold. It was to be the great liberation that Keynesians and governments had dreamed of for decades. The results, however, have been catastrophic.