Other Schools of Thought

Robert Lucas misses two important reasons why government/Keynesian stimulus schemes fail miserably.

Mises and Hayek are widely considered the most eminent liberal thinkers of the twentieth century. But, there are differences in their two legacies.

It's important to spell out exactly why she's wrong, because her viewpoint is gaining traction among the progressive Left.

The Chinese economic miracle is nothing but a redder version of Keynesianism.

Chartier amasses point after point in his relentless case against the state.

When Khrushchev said, "We will bury you," he meant it. Communists buried 85 million people in the 20th century.

The main weapon applied by both the right- and the left-wing antiliberals is calling their adversaries names.

It's no mystery that Bernanke's incredible dollar pumping would send worried investors into safe-haven currencies (gold and silver) that cannot be debased. We don't need to draw up fancy models to get inside investors' heads; these people are screaming their motivations at us every day.
 

I say to Judge Posner, look to Hayek on the business cycle, the way you did on law and economics.

The Austrian School has always had a rich conception of the structure of production.