Power & Market

One reason Congress keeps throwing money at the F-35: There are 1,400 subcontractors for the F-35 program, spread out over 307 congressional districts in 45 States.

Last week, the Business Roundtable launched a major attack on property rights, the bedrock of capitalism.

Attempts by modern "free bankers" to explain away the myriad examples of government privilege and intervention in the Scottish case is starting to sound like a no true Scotsman fallacy.

I am quoted in the Washington Post in 

"In Mises we find a tension that prevents him from unequivocally advocating for unrestricted migration." Nation, language, and culture exist independent of government, an obvious point Mises took pains to allow for.

Economics today is mostly a jobs program for economists.

The trade dispute with China may be the event that pushes the US economy into a major recession or even a depression, but it's not the root cause.

Late South African economist Ludwig Lachmann once wrote, “The future is unknowable, though not unimaginable.”

There is a lot of misunderstanding and bad economics being taught to business students, forcing many into courses claiming that theory in economics is useless, and that ‘data’ solves it all. In such programs, we are in desperate need for an Austrian revolution.

The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed