I have long argued that Austrian economics should be developed not as an alternative to the current academic discipline of economics but as a replacement for it.  We will know that this goal has been achieved when the modifier “Austrian” is no longer used to designate the economics of Mises and Rothbard and it is called simply “economics.” In the meantime, however, a significant and gratifying movement toward this long-term goal of establishing Austrian economics as the 

Earlier this week, Donald Trump signed a new executive order which attempts to end so-called “birthright citizenship” in the United States. During the signing ceremony, Trump declared that the United States is “the only country in the world that does this with birthright…”

This is untrue and the Washington Post, among other publications, was quick to declare that Trump “falsely claimed” that the US is the only country with birthright citizenship, also known as the legal principle of unrestricted—or “pure”—jus soli.

Admittedly, it is not easy to recognize a turning point in history when it is unfolding right before your eyes, when you are a contemporary witness of events. It is far easier to label affairs as turning points in hindsight. And that is why what is happening around the world right now—I call it the “Great Awakening,” or “The New Enlightenment”—is likely difficult for many of us to fully grasp and comprehend in its consequences.

[Was Lee a Traitor? by Walter D. Kennedy. Shotwell Publishing LLC, 2024; 72 pp.]

It is safe to say that no one could accuse either Murray Rothbard or Ralph Raico of not being critical of Keynes, especially when he deserved it.