Thomas J. DiLorenzo is the author of The Real Lincoln and How Capitalism Saved America. A professor of economics at Loyola College in Maryland and a senior fellow at the Ludwig von Mises Institute, he has written for the Wall Street Journal, USA Today, the Washington Post, Reader’s Digest, Barron’s, and many other publications. He lives in Baltimore, Maryland.

If you weren’t a scholar, what do you think you would be doing for a career now? Do you have any hobbies?

Malinvestment. Picture it in your mind. Or take a look out the window. Below right is a photo taken of unused lumber hauling rail cars now parked on a closed railroad spur in Eastern Oregon, part of 20 miles* of empty rail cars dedicated to hauling lumber to market. Most of these lumber hauling rail cars have been in mothballs since 2008 ….

From the Atlas Foundation:

LIBERALISM AND CHRISTIANITY, BY Leonard P. Liggio

[Excerpted from The Economics and Ethics of Private Property.]

There is a YouTube video entitled “A Critique of Austrian Economics“, made by an anonymous YouTuber, which has had over twenty thousand views. The reader is dripping with insipid condescension; he reads the whole thing in this pedantic sing-song voice that is quite emetic in effect. So that you don’t have to listen to that, and so as to thus spare whatever upholstery may be around you, I’ve transcribed the last half or so below and added comments.

Some folks strain to find their agenda in every event. For Georgie Anne Geyer, state-mandated population control provides the only hope for her agenda: saving the environment, whatever that means. So she sees the heat, drought and fires this summer in Russia as proof that Malthus was right, all along. Yet …

[Originally published in 2003 as “Cobden on Freedom, Peace, and Trade,” a prize-winning essay in the Independent Institute’s Olive W. Garvey Fellowship contest.]
 

[This 1801 essay is excerpted from Liberty and Order: The First American Party Struggle (Indianapolis: Liberty Fund, 2004). Pendleton first published it in the Richmond Examiner in October 1801, and it was subsequently reprinted in other newspapers before the first meeting of the Republican Congress in December of the same year.]

[Excerpted from Böhm-Bawerk, “The Austrian Economists,” Annals of the American Academy of Political and Social Science, volume 1 (1891).]