When chickens become a weapon of woke politics

Girchi is a libertarian party from the country of Georgia and by electoral success, could be considered to be one of the most successful libertarian parties in the world. Girchi is famous for its internet presence and popularity all over social media. In the chaotic digital realm of Facebook, Girchi’s private group has long stood as a beacon of civilised discourse, having 25k members and still growing.

CBDC currency: Creating shortages with full shelves

Of all the areas that economics students need to master, counterfactual reasoning is near the top of the list. Counterfactual reasoning is outlining and comparing the differences and similarities between two alternatives. While everyone uses counterfactual reasoning, such as choosing what to have for lunch, economists look at deeper and more remote consequences. A typical example that students are asked to examine is the effects of price controls — what happens when a price ceiling is imposed below the equilibrium price versus what happens in a free market?

Our graduates need books

With your support, the Mises Institute can send Mises University students home with a stack of Austrian classics such as “Human Action”; “Man, Economy, and State”; and “The Case for Gold” (see full list at the bottom of this email). After a week of destroying every preconceived, state-curriculum notion of how the world works, Mises U grads will have another month before returning to college in the fall.

Choose one: Law enforcement at Trump shooting was either incompetent or complicit

Within minutes of the July 13 attempted assassination of Donald Trump, observers were asking how the assassin managed to gain a clear shot of Donald Trump at the Butler Farm Show Grounds near Butler, Pennsylvania. Since then, the question remains unanswered, but many allegations about the shooting have emerged. For example, multiple sources plausibly contend that both local police and the Secret Service had spotted the armed shooter—on a nearby roof with a rangefinder and a gun—several minutes before the shooting occurred. Law enforcement officers and agents chose to do nothing. 

Though popular, nationalizations ruin economies

In a world full of hatred for the free market, the people calling for the nationalization of industry aren’t scarce. Despite their political popularity, nationalizations are terrible for economies and represent a stepping stone on the path to destitution and collapse. In exchange for the temporary gain achieved by expropriating the property of others, countries sacrifice the confidence of doing business in their nation.

From the Editor ...

Joseph SalernoThe Quarterly Journal of Austrian Economics publishes articles dealing with a wide range of issues in the broad Austrian tradition that is exemplified in the works of Ludwig von Mises, F.A. Hayek, Murray Rothbard, and Israel Kirzner. The primary purpose of the journal is to advance the frontiers of Austrian economic theory.