This month is the 100th anniversary of the birth of one of the most important and prolific authors of the Austrian School. This author wrote about practically every possible topic: economics, history, philosophy, etc.
I first heard of Roger Garrison from Murray Rothbard. At a social gathering in 1973 of Rothbard and a few younger Austrian scholars and grad students in the New York City area, Rothbard excitedly recounted to the group the contents of a brilliant term paper he had just read involving a graphical comparison of Austrian and Keynesian macroeconomics. The paper was titled “Austrian Macroeconomics: A Diagrammatical Exposition” and its author was Roger Garrison, then an MA student. A week or two later, I received a copy of the paper in the mail.
As Mark Thornton has detailed in his brilliant book, The Skyscraper Curse, Austrian School economists’ unique theory of the business cycle has given them a distinct advantage in foreseeing oncoming economic crises: from Ludwig von Mises’s 1920s predictions of looming bank failures, to Thornton’s own 2004 warnings of the hous
After 43 air strikes this year, AFRICOM is still on track to break its annual record for total US airstrikes in Somalia, which it set at 124 strikes last year.
IEA members are advanced economies in Europe, North America and Northeast Asia. Japan said earlier it will release oil stockpiles as early as next week.
President Trump downplayed the risks to the energy markets as a short-term concern. This was clearly wishful thinking.
With the passage of NDAA expected this week, a sweeping change to the Selective Service will attempt to ‘automatically’ sign American males up to serve.
In contemporary political discourse, fiscal adjustment is often celebrated as a moral achievement rather than recognized as what it fundamentally is: an institutional obligation. In economies marked by chronic deficits, inflationary pressures, and bureaucratic expansion, the mere restoration of budgetary discipline frequently appears heroic. From an Austrian perspective, however, fiscal responsibility is not an extraordinary accomplishment, it is the minimal condition for preserving economic calculation and social coordination.
After Trump ordered this major joint US-Israeli air campaign on Iran a week and a half ago, several politicians, political commentators, and public figures heaped praise on the president for the “remarkable courage” he showed to finally take on the Iranian regime.
