From the Editor ...
The Quarterly Journal of Austrian Economics publishes articles dealing with a wide range of issues in the broad Austrian tradition that is exemplified in the works of Ludwig von Mises, F.A. Hayek, Murray Rothbard, and Israel Kirzner. The primary purpose of the journal is to advance the frontiers of Austrian economic theory.
The Trump assassination attempt exposes the establishment’s deceitfulness
On Saturday evening, former president and 2024 frontrunner Donald Trump survived an attempted assassination at a campaign rally in Butler, Pennsylvania. The attack was utterly shocking, not only because a would-be assassin was able to get so close to Trump with a rifle but because of how close he was to success.
Why we’ll never know what really happened in Butler, Pa.
Just days after the attempted assassination of former President Donald Trump, theories are flying from all directions. Many who ridiculed the “conspiracy theories” of conservatives are now suggesting the whole event was a set-up to boost Trump in the polls ahead of the election. Others suggest it was the “deep state” or even foreign actors who organized it.
Argentina’s Inflation Fight
Inflation from the government and the banking system is usually aided unconsciously by the people, who generally believe that some moderate periodic rise in prices is normal. If prices could decrease due to economic growth (price deflation as an outcome of increased productivity), people would be able to keep more of their income to plan further ahead and save more without having to worry about decreases in its value. And if the social demand for money increases, any increase in prices could be proportionally less than the increase in the quantity of money.
Fear is the mind killer: America’s dangerous obsession with ‘safety’
In modern America, an obsessive fixation on “safety” has given rise to a culture of fear, paralyzing action and warping decision-making across all levels of society. The conditioning begins early, with children trained to be fearful rather than competent in facing challenges or unfamiliar situations. In their formative years, children are inundated with rules and guidelines, ostensibly designed to maintain safety.
The hope for national unity in the shadow of a failing state
For the second time in three weeks, a political event actually mattered. The attempted assassination of Donald Trump, evaded only by a short turn of the head, has created a rare moment of national reflection about the current state of American politics. Whether or not it is a moment that has true historical relevance beyond simply influencing a single election or canonizing a new iconic photo in future school textbooks will be decided by how seriously its lessons are internalized by the public.
Group interests and the ‘good of the whole’
The libertarian argument against civil rights laws strikes many progressives as fundamentally wrong because they view civil rights as the best way to promote liberal values including individual liberty. But any so-called values that lead inexorably to the destruction of society are not “liberal” in the true sense. In “Liberalism,” Ludwig von Mises explains the importance of pursuing what is good for society as a whole, rather than what seems good for one particular group.
DiLorenzo Unbound
Propaganda: How the media handles Biden’s rapid decline and the Trump shooting
In a much younger life, I was a newspaper reporter. A journalism-school graduate, I was going to help change the world, proclaiming truth and justice under my byline. The job didn’t pay much, but with overtime we got by, and it was a heady experience for this young general assignment reporter to rub shoulders with politicians and celebrities and even have some of them return his phone calls.