Other Schools of Thought

In an unhampered economy, monopoly is not a framework distinguishable from “pure” competition. In fact, inefficient monopolies arise only in case of government interventionism.

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

It is ideas that determine what people consider as their interests. Free men do not act in accordance with their interests. They act in accordance with what they believe furthers their interests.

It is theoretically conceivable but scarcely likely that the ruling class will rush to embrace a philosophy and a political economy that will end their power and put them, in effect, out of business.

Spencer was warning of the coming slavery in 1884, and George Orwell, in our time, has predicted that the full consummation of this slavery will be reached in 1984, exactly one century later.

Dr. Walter Block joins the show to discuss Rothbard's breakthroughs on monopolies and cartels, and to draw downward-sloping demand diagrams for us!

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

"Unfortunately, I have lived long enough to know that history is often not what actually happened but what is recorded as such."

In every country that has moved toward socialism, the phase of the development in which socialism becomes a determining influence on politics has been preceded by a period during which socialist ideals governed the thinking of the more active intellectuals.

Proponents of modern monetary theory have come up with their own idiosyncratic definition of savings in support of their theory. But the common usage of the term shows MMT doesn't work the way its supporters think it does.