Will Aliens Trigger the Next Financial Crisis?
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
US bombs Somalia for 43rd time this year
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.
Largest ever release of oil from IEA stockpile. Oil price only slightly falls.
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.
It’s clear that Trump miscalculated Iran’s response to US attacks
President Trump downplayed the risks to the energy markets as a short-term concern. This was clearly wishful thinking.
Congress quietly moves US closer to military draft
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.
Fiscal Responsibility, Formalization, and the Modern Fiscal State
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.
Launching a War on Iran Was No Act of Courage
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.
White House tells House Republicans to stop talking about mass deportations
Trump had betrayed his base on everything else. Why not also mass deportations?
Who Owns the Middle East?
Tucker Carlson’s February 18 interview of the US Ambassador to the State of Israel, Mike Huckabee, aroused a storm of controversy over Huckabee’s endorsement of a maximalist Israeli claim to a biblically-defined territory between the Euphrates River (
