Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompanying recession.
Christopher Westley reports from this year's National Association of Business Economists Convention. He finds that the mainstream's intellectual blinders are firmly in place, and that the “fatal conceit” Friedrich Hayek wrote about in 1988 is alive and well in 2014.
Orders in capital goods have been going up since 2009. Normally, capital goods purchases suggest economic growth, but if the orders are a result of easy money, the purchases point not to wealth creation, but to a bubble.
How much is Obama's war on ISIS Going to Cost you? You don't want to know.
Contrary to the claims of many advocates for expanding the already-huge war apparatus of the United States, Libertarians in general — and Murray Rothbard in particular — are not pacifists, but reject the killing of innocents and other unjustified forms of military aggression.
Data alone doesn't tell you the whole story, which is a core proposition of the Austrian approach. Instead, you need to start with good theory that tells you which data you need and where to look next.
Dan Sanchez examines Irwin Schiff's timeless comic book on how savings, innovation, and risk are the building blocks of productivity, progress, and wealth.
Lew Rockwell and Tom Woods discuss Muray Rothbard, his life, writings, students, and career.
The occasional eruptions of anti-war positions from conservatives and progressives are more a function of what political party controls the White House than of any principled ideological stance. Don't expect sustained opposition to war to come from either side.
