Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.
The Keynesian obsession with avoiding deflation and pushing consumer spending has led to a serious decline in savings and capital accumulation.
It is troubling that after a decade of an economic expansion, the US government is still spending money as it does during and immediately following a recession. It is as if the economy is now in a state of permanent "stimulus."
Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.
"If the self is the real property of the individual, force may be employed to repel the force that would take from an individual this special bit of property in himself."
"The biggest problem, not only economically but also politically, is the debt problem. It is unimaginable, how this madness of creating more and more debt and just pushing the economy by inflating the money supply will end."
The gun-control lobby is saying guns won't actually help fight against tyrannical government. The pro-gun side hasn't offered much of a rebuttal.
Mises states, quite rightly, that anyone who advocates governmental dictation over one area of individual consumption must logically come to advocate complete dictation over all choices.
Shannon O'Toole's memoir on working for the FDIC helps us understand why some have taken to calling federal employment "white collar welfare."
Private prisons are private in name only. They are merely adjuncts of the state, and the real problem is these prisons warehouse many people the state should not have put in prison in the first place.
