Public High School Is A Failure
Over at Mises Canada, I address the question of why college tuition has increased by so much over the past few years. Turns out it might not have anything to do with the University system itself, but is the result of an increasingly failing public school system leaving its graduates with few options. Long story short, University degrees don’t cost so much because the
Employer-Provided Health Care: It’s Not About Religion
The fact that opponents of private property rights have managed to frame the debate over health care mandates as some sort of religious issue is one of the great public relations coups of our time.
Note below the top of a full page ad in the New York Times taken out by a group called the Freedom From Religion Foundation.
After approvingly quoting eugenicist and white supremacist Margaret Sanger, the ad goes on to claim that the S
After approvingly quoting eugenicist and white supremacist Margaret Sanger, the ad goes on to claim that the SRizzo on Cochrane
Several days ago I highlighted John H. Cochrane’s critique of modern macroeconomics.
In today’s Wall Street Journal Austrian Economist Mario J. Rizzo provides an excellent comment on Cochrane’s defense of modern modeling techniques.
Bubbles Everywhere: Krugman Wrong Again; Austrians and the BIS Are Correct
Paul Krugman is at it again – distorting or misinterpreting work by other economists to attack critics of today’s central bank driven low interest rate environment and to defend policy status quo or to push for even more stimulus. This time the economist is Knut Wicksell whose work in both monetary theory and capital theory was part of foundation for Mises’s development of Austrian business cycle theory (ABCT).
The Economics of Scottish Secession
Not all secessionist movements are created equal, because some secessionist regions are more economically independent than others. In the case of Venice and its region, secession in the medium- to long-term appears rather plausible because of Venice’s long history of economic success, political independence, and its current status as a wealthier region of Italy.
Liberty and Property
Left, Right, and the Prospects for Liberty
The Conservative has long been marked, whether he knows it or not, by long-run pessimism: by the belief that the long-run trend, and therefore Time itself, is against him, and hence the inevitable trend runs toward left-wing statism at home and Communism abroad. It is this long-run despair that accounts for the Conservative’s rather bizarre short-run optimism; for since the long run is given up as hopeless, the Conservative feels that his only hope of success rests in the current moment.
Left, Right, and the Prospects for Liberty
1. Introduction
The history of economic thought, like that of other disciplines, reveals a mixture of systems of thought that have been separated into particular schools of ideas. This method of categorizing the ideas of different thinkers concentrates on the likenesses of certain groups while overshadowing their differences. The French Physiocrats who rose to prominence during the second half of the eighteenth century represent the first modern school of economic thought. Classical economic thought, Marxism, and socialism subsequently followed.
