In the early hours of Monday, July 29, the announcement of the election results in Venezuela echoed. Nicolas Maduro, is declared the winner in Venezuela’s presidential election by the electoral authority, setting up a high-stakes showdown that will determine whether the South American nation transitions away from one-party rule.
Just about every so-called business periodical touts an increase in consumer spending as “good for the economy.” But is this really so? Can we really spend our way out of a recession? Lord John Maynard Keynes thought so, and his teachings have become the standard narrative just about everywhere in the world.
From roughly 2020 to 2022, “syndicators” took over the apartment investment market. During that time, this group of dimwitted rent seekers used bridge loans to finance their apartment acquisitions.
Javier Milei, economist and president of Argentina, is a complicated character whose background and views have deserved heated discussion. This article will look briefly at Milei as an Austrian economist — the question of his libertarianism was settled elsewhere. One further point before starting: This is an article about economic thought.
A sizable advantage Murray Rothbard’s approach to libertarianism – that is, one based in private property – has over other approaches, such as those based in vague notions of “freedom,” is its pursuit of non-contradiction. A frequent problem in modern liberal democracy is the desire to declare a number of things to be “rights,” that end up contradicting previously pronounced “rights.” One can readily see the problems in the American jurisprudence surrounding the “right to privacy” and what that supposedly entails.
