Historically, slavery has always been held together by violence, including slavery in the US. However, the actual history of slavery here is much more complex than what modern academics want to admit.
They promised peace. What we got was another step toward global war and economic ruin. Mark Thornton isn’t buying the excuses.
Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.
Regardless of your view of the current conflicts, one fact is indisputable. President Trump’s actions violate our traditional non-interventionist foreign policy.
Contrary to the expectation of the Luddites, we have only become wealthier than before and workers today enjoy much higher standards of living than workers in the past.
On this episode of Power and Market, the roundtable responds to Zohran Mamdani winning his primary in New York City, the rising MAGA attacks on the Fed, and the ceasefire in the Middle East.
Some non-economic arguments made by pronatalists are very good. But when it comes to economics, pronatalists often get it very wrong.
Although it may not have ultimately ended how they wished, the strikes on Iran demonstrated that neoconservatives are still a viable force within the GOP. But that shouldn’t discourage us. Ending endless wars isn’t easy, but it is worthwhile.
There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation.
Fiat is failing. Dr. Mark Thornton explains why sound money is the future.
No one seems concerned about the constant devaluation of the dollar. They blame high prices on whoever is president or corporate greed.
America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through greater decentralization, lower taxation, and more expansive freedoms.
Unfortunately, the only real long-term solution to this is genuine fiscal austerity and debt repudiation.
Mainstream economics is deterministic, holding that economic actors continue to move in one directions, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people engaged in purposeful action.
Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.
Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.
Economic sanctions, as a general principle, have a history of failure in the 20th and 21st centuries, which penalize everyday citizens in the sanctioned country.
With the Iran bombing, the US Government is once again embarking on yet another act of war in support of the US empire. The eternal quest to expand the empire will not end well for Americans. Opposing the government‘s wars is a worthy endeavor.
As US debt soars and foreign central banks stockpile gold, members of Congress introduce a bill to require a comprehensive audit of America’s gold reserves.
Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.
