Other Schools of Thought

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John P. Cochran

While the policy may appear to work ─ the effect is temporary. One can achieve a short term lower unemployment rate but only at the cost of higher unemployment long term and increased instability.

Mark Thornton

Here is an interesting table comparing 9 schools of economic thought.

Murray N. Rothbard

Knowing that money or gold cannot be used to provide a fixed measure of value, David Ricardo turned to the value of labor instead. But his labor theory of value has led to many errors including Marxism, land taxes, and much more.

Ralph Raico

New Individualist Review 1, no. 4 (Winter 1962)

Matthew McCaffrey

There’s a long history of comparing market competition to warfare.

Mateusz Machaj

Tom Woods and Mateusz Machaj discuss the problem with John Taylor's rule for monetary policy.