Oops, Trump Just Bankrolled the Protesters He Intended to Silence
I’ve been thrilled with much of what Donald Trump has done as president.
Cuts to Foreign Aid Are a Good Start
On January 20th, the Trump administration indicated it would pause foreign aid to most countries for 90 days. Newly-confirmed Secretary of State, “Little” Marco Rubio, confirmed this and paused “all new obligations of funding, pending a review, for (U.S.) foreign assistance programs funded by or through the Department and USAID.”
Ralph Raico’s Master Class on the History of Political Thought
[This article is the introduction to The Struggle for Liberty: A Libertarian History of Political Thought, by Ralph Raico, now available in the Mises Book Store, online at mises.org, and at Amazon.com.]
Thomas Aquinas and the Subjective Theory of Value
Thomas Aquinas is, without doubt, the greatest Roman Catholic philosopher and theologian when it comes to the depth of his thought and the degree of his influence. Although this is the case, it might seem strange at first to see him mentioned in relation to the history of the subjective theory of value. It was Rothbard nonetheless who first pointed out that the direct ancestor of the Austrian School is the Salamanca School, a Roman Catholic school of Scholastic philosophy and theology, rooted in and deeply indebted to Aquinas.
Dismantling the Department of Education?
President Trump’s proposal to dismantle the Department of Education is one step closer to an open, market-based system of education. The ultimate goal is a free-market system of education in which parents, teachers, and students are able to make their own choices about education, rather than being dictated by federal mandates.
The New Higher Education “Arms Race”
Forty years ago, collegiate institutions competed to attract the last big surge of baby-boomer 18-year-olds, offering campus amenities—fancy dormitories, swanky recreation centers with climbing walls, upgraded athletic facilities, palatial dining halls—that were, at the time, derisively described as an “arms race” among schools.
The Precarious State of the American Economy
Free Markets Promote Peaceful Cooperation and Racial Harmony
In Human Action, Ludwig von Mises highlights the importance of human cooperation as a prerequisite for the division of labor and free exchange. Without this, humanity remains mired in poverty:
Richard Murphy, The Bank of England, And MMT Confusion
Professor Richard Murphy is a public supporter of Keynesian fallacies and MMT. He recently provided a glimpse into this increasingly popular perspective by alleging that the Bank of England is deliberately crashing the economy by reducing its Asset Purchase Facility (APF).
