Other Schools of Thought

What we really have to combat is all statism, and not just the Communist brand.

One popular charge against anarchism is that it "means chaos." This is certainly debatable, and no anarchist ever deliberately wanted to bring about chaos. 

Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.

Although they never actually accomplished it, one of the worst things the Keynesians did was convince some people that they had refuted Say's law of markets.

One of the most controversial areas in Austrian economics, and one where even long-established Austrian theorists differ sharply, is monopoly theory.

Krugman’s recent NYT column on Russia features commentary on trade surpluses that is at best very misleading.

Economic growth is not something that just happens. It requires saving. It requires investment and capital accumulation. And it requires the real market process. 

Spanish mercantilism meant the Crown picked which industries flourished and which withered. This led to a multitude of malinvestments including booms for southern Spain and busts in the Low Countries.  

The average standard of living in this country is higher than in any other country of the world. This is because the per head quota of capital invested is in America higher than in other countries.

History is only a tiresome repetition of one story. Persons and classes have sought to win possession of the power of the state in order to live luxuriously out of the earnings of others.