Other Schools of Thought

In his short book The Anti-Capitalistic Mentality, Ludwig von Mises explains why Piketty's new anti-capitalist tome is popular among a certain class of people.

Many Christians call for legislation to regulate, control, and ban activities that they deem as social vices.

It is a great irony that visions of socialist harmony necessarily result in rancorous and destructive struggles among groups with contradictory visions of the good society. It is perhaps equally ironic that profit-driven competition in markets results in the highest attainable degree of social harmony. Yet, this is how the world really works.

In his new book, Capital In the Twenty-First Century, Piketty fails to understand how savings and investment work, writes George Reisman This audio

ECB’s Mario Draghi has taken over from Ben Bernanke as the world’s most enthusiastic money printer.

For 100 years, the Fed has served to protect the interests of powerful banks through inflationary monetary policy. The Dallas Fed opened an historical exhibit, the Kansas City Fed released a documentary, and the New York Fed even started a Facebook page, all to commemorate the date.

Many Americans, perhaps a substantial majority, still believe that labor unions are fundamental to the well-being of workers. In fact, labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages.

In socialist countries of old, it was easy to find cookies and candies in state-owned stores while fresh meat and bread was rare, writes Jim Fedako

Interviewed by host Redmond Weissenberger, Mark Thornton discusses markets, Keynes, Keynesians, and general economic craziness.