Aristotelian-Thomistic realist philosophy may be the strongest foundation for disciplines such as praxeology. As David Gordon notes in his book The Philosophical Origins of Austrian Economics, the Austrian School and realist philosophy seem made for each other. The Austrian School defends methodological individualism, a view of individual human action that Aristotle had already articulated in the Nicomachean Ethics.
In emerging democracies, infrastructure is rarely treated as a means. It becomes a promise, a symbol, sometimes a substitute for progress itself. Metro systems, highways, ports, and monumental public works are announced as proof that the state is moving history forward. Yet years pass, costs multiply, and delivery remains modest. What is lost in the process is not only money, but time, the most irreplaceable of all resources.
Early Saturday morning, after months of military buildup, strikes on boats, and verbal threats, US forces entered Venezuela on President Trump’s orders and captured President Nicolás Maduro.
A few dozen Venezuelan soldiers and civilians were reportedly killed in the bombings carried out to cover the American soldiers who flew in to grab the Venezuelan leader.
The Mises Wire had just barely published my article criticizing the National Security Strategy when hours later the news broke that the Pentagon had escalated Trump’s undeclared war against Venezuela by attacking the Fuerte Tiuna military base and various air defense installations in and around Caracas, killing 40 Venezuelans and abducting President Nicolás Maduro and hi
Bari Weiss gate-keeps the right against antiwar conservatives. Sound familiar?
Japan’s 10-year bond yield is now the highest its been since the 1990s. Inflation has run above above the BOJ’s 2% target for 44 straight months.
