7. Monetary and Banking Thought, III: The Struggle Over the Currency School (continued 2)
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
Other Schools of Thought
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Hayek’s Road to Serfdom: Despotism Then and Now
We must revisit and strengthen these arguments if we are to choose capitalism and freedom over socialism and serfdom.
5. Determination and Its Critics
From Theory and History, Part Two, “Determination and Materialism”. Narrated by John Pruden.
6. Materialism
From Theory and History, Part Two, “Determination and Materialism”. Narrated by John Pruden.
The Brilliant but Confused Radicalism of George Orwell
One doesn't have to read far into the works of George Orwell to discover that he had no understanding of economics whatsoever and was not personally a libertarian in the sense we have in mind when we use that word today.
Bashing BP — When We Should Be Bashing the Corporatist State
"Congress and big oil companies colluded to reward risky behavior and lost their bet."
The Distinction between Theory and History
The economist who knows no history understands far less than his opposite number in the historical profession; but his claims are far greater. Therefore, he is much wider off the mark.
Carter’s Energy Fascism
"Oil was supposed to disappear by 1900. But the automatic conserving and incentive workings of the price system have repeatedly given the lie to these absurd projections."
The Writing on the Wall
Decades before the socialists gained power, Eugen Richter saw the writing on the wall. The great tragedy of the 20th century is that the world had to learn about totalitarian socialism from bitter experience, instead of Richter's inspired novel. Many failed to see the truth until the Berlin Wall went up. By then, alas, it was too late.
The New State Cookshops
"All the portions served out are of the same size. One insatiable fellow today who asked for more was rightly served by being heartily laughed at. For what more deadly blow could be leveled at one of the fundamental principles of equality?"
