The Nature of the State
Government rests on violence and force; it is sustained by soldiers, policemen, and courts.
Tribute to the Mises Store
Almost everyone will tell you that the Mises Institute sells great books at a great price, but too few people really understand the implications.
How to Think Like a Good Economist
The basic principles of Austrian economics are easy to learn.
Out, Out Damn Depression: FDR in 1938
Despite the billions and the debt, the depression was back. And it was not a new depression. It was the old one, which had not been driven away but merely hidden behind a curtain of 15 billion dollars of new government debt.
Saved by a Trillion-Dollar Coin?
Now that the debt “crisis” is over, we can explore two of the wackier proposals that emerged during the panic.
Human Action Is Purposeful Action
The knowledge that human action is purposeful action has nothing to do with psychology.
Rethinking Depression Economics
One criticism of Austrian business-cycle theory is that it gives little insight as to what should be done to push an economy out of recession. Even accepting the premise that monetary overexpansion leads to a misallocation of capital goods, detractors claim that this says little in regards to the nature of the depression period.
Ethical Economists?
Sewer workers have a code of conduct.
Economists are in the gutter.
The Austrians Were Right, Yet Again
After three-plus years of floundering around, a consensus has finally arrived that we are back in recession. Growth is not happening. The meager statistical growth of the past few years — no one dared claim it amounted to full recovery — was probably illusory.
The Latest Black Swan: Caylee’s Law
Never trust a law named after a person. It is most likely a politician’s act of self-aggrandizement or the result of public frenzy. Caylee’s law is the latter. It is a bad law that rests on the positive obligation to report to the government.
