To quote the last paragraph of this 2008 article by Robert Murphy, when asked why Austrian school economics should be studied, the best answer is: “the Austrian theory of capital is the best one you can find if you really want to grasp how the economy actually works—beyond sterile mathematics and static timeless analysis.”
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Since at least as early as the mid-1990s, the term “militia” has been increasingly used by journalists and scholars on the left in connection with alleged “right-wing extremists.”1
The view of the day is that the “greedy rich” are sitting on stacks of cash hidden away in Swiss bank accounts or the Cayman Islands that are doing nothing but fueling their acquisitive vanity while actively preventing the emancipation of their fellow man. With a little redistribution, those stacks of cash could eradicate poverty from the face of the earth and fund social programs that would help the many. After all, who really needs a billion dollars, let alone several billion?
Once a year, one of the most important central banking conferences in the world takes place, in Jackson Hole, Wyoming. Per the Federal Reserve Bank of Kansas City, the purpose of the two-day event is to “discuss long-term policy issues of mutual concern:”
The event brings together economists, financial market participants, academics, U.S. government representatives and news media…
CNN Business reports that Exxon, which was the world’s largest company in 2013, is today being kicked out of the Dow. As CNN Business puts it, “Exxon is now a shell of its former self.” The company is losing money and its “market value has crumbled by a staggering $267 billion from the peak.”
Misguided lockdowns have destroyed the global economy and the impact is likely to last for years. The fallacy of the “lives or the economy” argument is evident now that we see that countries like Taiwan, South Korea, Austria, Sweden, and Holland have been able to preserve the business fabric and the economy while doing a much better job managing the pandemic than countries with severe lockdowns.
