A Brief History of Tariffs and Stock Market Crises
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
The darling of America‘s political elites, Ukrainian President Volodymyr Zelensky, now touts a “Five-Point Plan” that surely will extend the war and ultimately make his country even worse off. It is time to end this farce.
Originally published in the Mises Institute’s Studies in Classical Liberalism series in 1999.
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.
The outcry from establishment media figures following the decision by the Washington Post and Los Angeles Times to not endorse a presidential candidate shows how out of touch they have become about how much we rely on them.
Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services.
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.
While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The US state is no exception.
Supporters of intellectual property laws claim that people will not innovate unless they are protected by such legislation. In reality, people are more likely to be innovative when they encounter real free markets, not markets characterized by artificial scarcity.
Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services.
Bob reacts to Bryan Caplan's current views, arguing that the history of economic thought is indeed important, and the Misesian approach to praxeology is crucial.
In What Has Government Done to Our Money? Murray Rothbard changes your whole view of the world—not just money.
In this episode, Ryan McMaken takes a look at how the domestic and commercial rituals of the Thanksgiving holiday are things that communists really don‘t like.
It is unlikely many of the Department of Government Efficiency’s recommendations will ever be implemented. The value of the DOGE lies in how it exposes government waste.
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.
So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don't need government-based rules because markets effectively regulate themselves.
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics.
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained by the voters and cannot be “reformed.”
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.” But at least even Bryan favored silver money. Today‘s political candidates will crucify us on a cross of paper.