While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening.
What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. The illusion lasts only for so long before economic reality prevails.
Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.
Instead of the usual statist candidates, Argentine voters have elected a self-proclaimed Rothbardian who is calling for radical free-market changes in the nation's economy.
Free-market intellectuals, activists, and columnists must never tire of endlessly recapitulating the truth about freedom, free markets, and peace. So long as a sizable portion of the Argentine public thinks the Peronists "get it right," no free-market reformer can succeed.
Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever.
A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality.
As President Biden mulls mandating commercial passengers to have Covid vaccinations, perhaps he should remember that his move would increase the death rate from traffic accidents as more people eschew flying and take to the open road.
Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity.
Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains.
