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Economics is the youngest of all sciences. But it opened to human science a domain previously inaccessible and never thought of — the regularity in the sequence and interdependence of market phenomena.
Economic scientific inquiry is based on the uniformity and immutability of the logical structure of the human mind. It therefore can achieve results valid for all eras, races, and social classes.
After last week’s explosive congressional hearing, the Senate and the Trump administration agreed to reopen the FBI background check into Supreme Court nominee Brett Kavanaugh. Former FBI chief James Comey wrote Sunday that “the F.B.I. is up for this” because it is “full” of “people who just want to figure out what’s true.”
But truth has often been a scarce commodity in FBI investigations. Consider these cases stretching back decades:
We Austrian economists frequently cross swords with our Keynesian foes on all manner of economic analysis and government policy recommendations. Yet the standard Austrian analysis of the business cycle is also sharply at odds with that of the “Market Monetarists,” a new school of thought coming out of the Chicago school tradition and now gaining traction at places like the Mercatus Center.
I am a long-time critic of NYT columnist and Nobel laureate Paul Krugman. In addition to my podcast “Contra Krugman” (co-hosted with Tom Woods), over the years I’ve also written dozens of online articles pushing back against our era’s most influential disciple of Keynes.
When the evolution of presidential power in early American history is discussed, it is sometimes alleged that the Louisiana Purchase was a particularly unconstitutional act and an example of presidential malfeasance.
It was great to be able to spend this past weekend with so many friends in Auburn at this year’s Supporters Summit!
Photos from the event are available here.
Nicolás Maduro’s recent visit to China has been highly criticized because it was done in the worst of the Venezuela’s crisis. Almost 4 million people have left this country in recent years — a country that is ranked on the 2018 Misery Index as the most miserable country of the world. Hyperinflation is destroying the hope of millions of Venezuelans that for many reasons continue living there and suffering the misery that socialism has achieved.
Another name for the neo-Marxism of increasing popularity in the United States is cultural Marxism.” This theory says that the driving force behind the socialist revolution is not the proletariat — but the intellectuals. While Marxism has largely disappeared from the workers’ movement, Marxist theory flourishes today in cultural institutions, in the academic world, and in the mass media.
