Government officials like to claim they are doing something about reducing poverty. The trouble is, of course, that what they are doing makes things worse. Here on Income Tax Day, we recommend that next time, they should do nothing.
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Two new books, The Lords of Easy Money and The Price of Time, while not specifically Austrian, present readers with financial scenarios that mesh well with the Austrian business cycle theory.
While “colorblind equality” has a better ring to it than the DEI regime, nonetheless, the concept is unworkable and actually contributes to worsening racial outcomes.
The concept of an “equilibrium interest rate” is of limited, if any, aid to our economic understanding. Never mind the persistent popularity which it has enjoyed under fiat money regimes.
While politicians and bureaucrats always claim to work in the "public interest," the rewards they gain for making bad economic decisions are more important to them than any satisfaction they get from supposedly "serving the people."
Free markets in agriculture undermined communist governments' attempts to collectivize farming. You can strike a blow against state control by simply gardening.
Like so many other places where politicians promise something for nothing, Argentina has imposed rent controls in the name of “affordable housing.” President Milei is doing what he can to repeal these policies.
For more than a century, elite progressives have imposed draconian measures to curb population growth, which they said would destroy the earth. The population has grown, but the earth seems to be doing quite well, thank you.
While Ludwig von Mises wrote in favor of democracy, his support for it was utilitarian at best, and he certainly did not have a near-religious affinity for it. Mises saw democracy as a means to peacefully transfer political power, period.
