To Understand Economics, First Understand Private Property
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Dr. Philipp Bagus on the Political Economy of Mass Hysteria
Why Europe’s Left Wants a European Financial Superstate
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Antal Fekete, Gold, and Central Banks
[Editor’s note: Fekete was an advocate of the “real bills” doctrine, a theory that has been discredited by Austrian School economists. For more on the real bills doctrine, see Philipp Bagus’s book Full Reserve Banking versus the Real Bills Doctrine.]
Hormetics: A Principle of Health and Fitness, with Charlie Deist
Property Rights and the Pollution Problem
Murray Rothbard and other libertarians support self-ownership. Part of being a self-owner is that no one may physically harm your body without your consent, unless you first violate someone else’s rights. David Friedman raised a famous objection to this principle, and the problem has also been discussed by Walter Block.
The Fed Sets the Tone for 2021
The Federal Reserve set the tone for 2021 with the release of the year’s first Federal Open Market Committee (FOMC) meeting minutes last Wednesday. With the national debt approaching $28 trillion and covid still not eradicated, there appears to be no intention of ending accommodative policies any time soon. However, the Fed still has a way of never disappointing when it comes to what is discussed behind closed doors. As the minutes reveal, they found:
Rothbard’s Underappreciated Contributions to Public Goods Analysis
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Could Gold Discoveries Cause the Austrian Boom-Bust Cycle?
This Is What the Progressives Want To Do to Us
For all of the campaign and inauguration talk about “unity” and moderation, President Joe Biden is governing like a progressive on all fronts, from cultural issues to the armed forces to the economy. Biden’s unprecedented thirty-two executive orders his first week in office provide evidence he and his party intend to expand executive governance well beyond anything this country has seen in its long history. Furthermore, all his political appointments are people who fall well to the left of any kind of recognizable political center and who share the president’s progressive ideology.
