Both Murray Rothbard and Harry Jaffa began as men of the Right. However, Rothbard turned toward the view that individuals possess rights outside of the state; Jaffa turned toward conservatism.
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
This is bad news for the administration, which has repeatedly attempted to downplay the relentless increases to the cost of living being inflicted on Americans after years of deficit spending, fueling inflationary monetary policy.
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.
While African nations often are famous for corruption, poverty, and inflation, there is a way to bring dramatic changes to African economies: a gold-based currency.
What has happened here, and elsewhere, is that Mises has strayed off his great stomping ground, praxeology, and into ethics, where he is, Rothbard believes, tragically wrong.
It could be a coincidence, but probably not, that Joseph Stiglitz commented on corpo
While capitalism gives rise to prosperity and freedom, the state thrives on an economically ignorant public.
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
