The Federal Reserve and so-called government stabilizers exist ostensibly to balance a market economy that supposedly is fundamentally unstable. But what if government intervention itself causes the instability?
Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.
The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment.
Libertarians generally agree that slavery violates libertarian principles, but how does one deal with the aftermath of abolition? How best to justly compensate former slaves for what was taken from them by slaveowners? Wanjiru Njoya examines some libertarian alternatives.
The focus is on individual human action makes Austrian economics unique, as well as logically valid and compelling. It is a system of economic analysis based upon praxeology and causal-realism.
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.
Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.
A common refrain among college fans is, "The Transfer Portal and NIL are ruining college sports." But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.
