Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.
Neoclassical economists have a rigid view of monopoly producers. Austrians recognize that the only monopolies that create problems have been nurtured by government intervention.
The fact that Social Security's generational highjacking is politically well established doesn't make it ethical. We send private Ponzi scheme organizers to prison for good reason.
Those who don’t learn from the past, as the old adage goes, are doomed to repeat it.
Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."
Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.
While governments have been assaulting private property rights for many years, they now are ramping up the pressure. Nothing less than our civilization is at stake.
Forget Biden's claim that his government is "fighting inflation." His government is creating inflation, and in so doing robbing people of their savings and earnings.
As political divisions worsen in the United States, one remedy besides secession might be to create semiautonomous regional territories.
Socialism arose as an international working-class movement, but the nationalist has met more success: "Proletarians of all countries, don't come to my country and take my job away from me!"
