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.

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.

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.

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:

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).

In a recent Springer publication, Marcos Falcone proposed “Bringing the Austrian School into the 21st century” by embracing existing international institutions as a means of maximizing global liberty.

It was not long ago when signs for “Help Wanted” seemed to be in every store window. That is starting to be replaced in 2024 and 2025 with “Store Closing” signs. This switcheroo tells us volumes about how people and the economy are adjusting to the Fed’s money printing business. While the government and the wealthy elite benefit from the money printing, consumers and workers only seem to suffer.