One of the main draws of the Austrian School of economics, at least for me, is that all its insights are grounded in real happenings; the school’s entire body of economic literature is meant to explain tangible things that actually happen. Whereas other schools of economics focus on some ethereal monolith known as “the economy”—a mystical being whose forces and wiles can only be divined through Cartesian coordinate planes—the Austrians study the discrete actions taken by living people that form the economy.

As US debt soars and foreign central banks stockpile gold, four members of Congress today introduced a bill to require the first comprehensive audit of America’s gold reserves in decades.

Public memorials, statues, and art play an important role in the popular understanding of history. Even those who may lack the time or inclination to study history in any depth may acquire a general understanding of history from what they see and hear around them as part of the general cultural expression. This explains why revolutionary movements often destroy or remove public art, such as the infamous case of the statues destroyed by the Taliban.

You hear about gas prices everyday. The President brags that per-gallon prices have dropped to $1.99 in some places. After paying over $4.00 here in Las Vegas, I wonder where he is talking about. He ran on bringing down prices at the pump, saying “drill baby drill” constantly at his rallies.