Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.
The Supreme Court has told Maryland parents their children do not have to sit through militant LGBTQ+ indoctrination classes, violating their religious values. Previous courts had forbidden parents from “opting out” of such sessions. This is a blow against government tyranny.
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.
Creating a hit movie series, television show, or video game is a phenomenon that not only strikes without warning, but can also strike in unexpected places—or fail to strike where it is intended. Austrian economics provides some key insights.
Historically, slavery has always been held together by violence, including slavery in the US. However, the actual history of slavery here is much more complex than what modern academics want to admit.
Western Civilization has brought great advances in culture and economics, yet no one is more relentless in trying to destroy this civilization than western intellectuals. Ricardo Duchesne lays it out in his book, Greatness and Ruin.
Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.
Unfortunately, central bankers can‘t wave a magic wand and make price inflation disappear while the same central bankers also push easy money to force down interest rates.
America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through greater decentralization, lower taxation, and more expansive freedoms.
For millennia prior to the dawn of the Industrial Revolution, the vast majority of men, women, and children toiled from dusk to dawn and beyond just to keep body and soul together.
