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While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.

"In order to succeed, human action must comply not only with what are called the laws of nature, but also with specific laws of human action."

The optics of the event were likely the idea of a proud Biden staffer leaning into the “Dark Brandon” aesthetic that has become popular among regime loyalists on Twitter. To Americans outside of this Very Online echo chamber, the imagery drew connotations of sinister authoritarian regimes.

Biden has declared that the USA has "zero inflation" at present. Austrian economists say, "Not so fast."

Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation.

Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.

Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.

Sometime after the turn of the century, a change began to take place. You cannot mark it precisely.

Monarchs created Europe's modern states but lost the ability to control them. Then, having grown beyond the tools that helped monarchs turn themselves into absolute rulers, "the state acquired a life of its own."

Powell isn't a villain for pulling his foot off the money-creation accelerator a little. No, Powell's villainy stems from his role in helping create the boom in the first place.