The Chainsaw Revolution: Javier Milei’s Rothbardian Assault on Argentine Collectivism

[This article is one of the winners of the annual Kenneth Garschina Undergraduate Student Essay Contest. In March 2026, in celebration of Murray Rothbard’s 100th birthday, students submitted essays on his iconic Austro-libertarian text, For a New Liberty: A Libertarian Manifesto. The top three contestants presented their essays at the Austrian Economics Research Conference.]

The Danger of Allowing Good Intentions to Override the Constitution

Walter E. Williams often made the point that a policy should be judged by whether it works, not by its good intentions. This warning is especially important because politicians are experts at declaring good intentions. If we judge them by their stated intentions alone, when their schemes end in disaster they could simply remind us that they meant well. Unfortunately, Professor Williams’s warnings went unheeded.

Will Higher Interest Rates Counter Inflation?

There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services. It is also held that to counter general increases in prices, as depicted by the consumer price index the CPI, the central bank should raise interest rates. A tighter interest rate stance by the central bank will “cool off” the demand for goods and services. This, in turn, is likely to weaken the growth rate of the consumer price index (CPI).