Argentina is better than it was before Milei’s victory. Argentina is better than it would be if either of the other two options had triumphed. The public spending cuts at the beginning of the Milei administration were larger than any other in history under similar circumstances. A crisis of unknowable magnitude was averted. Argentina is now on a path of growth.
Over the last year, the precious metal markets have seen historic increases and then decreases in price. This, of course, is the result of the workings of supply and demand, but there have also been cries of market manipulation.
I have laid out the supply and demand conditions both in the pure free market and under current conditions in the real world on this podcast and in several interviews reproduced here.
The policy change is partly in response to Israels aggression against Lebanese women and children, including Christians, in recent days.
President Trump was presented with a great opportunity on Saturday to take the off-ramp from his war on Iran. After threatening Iran that “a whole civilization will die tonight,” Trump managed to get a two week pause in the war with the intervention of the Pakistani government.
A window opened to end this illegal war. Vice President Vance traveled to Pakistan to negotiate with a high-level Iranian delegation and from press reporting progress was made on many issues.
Ford’s plutocrat CEO says the US regime should make sure that US consumers aren’t allowed to buy Chinese cares. Many ersatz “capitalists” like him oppose market competition.
The Iran war and its consequences dominate the headlines in the press and financial media: oil and energy price shock, inflation, recessionary effect on the world economy, new potential for conflict between states. Above all, the uncertainty about what happens next is high: When can the final end of the war be expected? And how long will it take until the energy markets normalize?
We have long normalized the idea that economics is the use of scarce resources. The problem is that, if resources are scarce, the only option left is to decide how to allocate them, leading to a real struggle—sometimes violent—between the parties to see who gets what little there is.
[This article is one of the winners of the annual Kenneth Garschina Undergraduate Student Essay Contest. In March 2026, in celebration of Murray Rothbard’s 100th birthday, students submitted essays on his iconic Austro-libertarian text, For a New Liberty: A Libertarian Manifesto. The top three contestants presented their essays at the Austrian Economics Research Conference.]
