These tell-tale signs of a dictatorship all reinforce Mises's observation: the regime can only last if it maintains the illusion that it is beneficial to the masses. Mere physical strength is not sufficient, because it is ultimately ideas that determine which way the soldiers and police point their guns.
The Austrian School of economics, also called the Viennese School of economics, was founded by Carl Menger in Vienna during the last third of the 19th century. Today, the tradition is larger and more vibrant than ever before.
Union defenders have justified their position based on little more than the assertion that some union benefited them or some member of their family.
The problem with government budget deficits is not merely that they (typically) lead to higher interest rates and thus reduce private-sector investment and consumption spending.
ome bozo tried to patent a species in 1889, but the patent commissioner rejected it as "unreasonable and impossible." Exactly. But this changed in stages, and only fairly recently. The current regime dates from the late 1980s. These patents handed the Left their best arguments.
When the Civil War closed, the revenue acts that had been hastily passed during its course constituted a chaotic mass.
