The Accelerator and Say’s Law
Say's law not only points to the fallacy of the accelerator but to its corollary, "derived demand."
Other Schools of Thought
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The Idea of a Third System
Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen, writes Ludwig von Mise
Defending the Austrian Explanation of the Great Depression from an Internet Attack
Scott Sumner will have to go back to the drawing board in his attempt to deny that there was any type of inflation during the 1920s.
Economic Law vs. Occupy Wall Street
The protestors probably should have stayed in class, because their open letter to the professor betrays a formidable level of economic ignorance.
Keynes Was No Liberal
Is the Obama administration working to create a totalitarian state where Keynesian economics has a better chance of success?
Who Was the Better Monetary Economist? Rothbard and Friedman Compared
Presented by Joe Salerno at the Mises Circle in New Orleans, 5 November 2011.
Liberty and Shakespeare
What if, instead of Marxist or quasi-Marxist paradigms, literary critics adopted the theories of free-market economics?
Is Debt Necessary for Recovery?
Contrary to the assertions of these pundits, an economy does not need mountains of debt — whether government or private — in order to grow. Corporations can still raise needed financing through issuing equity. There are pros and cons to debt financing, but it isn't necessary for a strong economy.
I Don’t Know
These students of liberty have not yet learned to answer honestly, “I don’t know; I never will know; no one will ever know.”
Are Government Jobs Productive?
The government creates a demand for these services out of thin air: the existence of ambassadors is what leads to the work done by ambassadors. They do not take their services to market to sell them to anyone who happens to be a willing buyer.
