Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries.
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
Hazlitt popularized sound economic thinking, was a critic of Keynes, and contributed to ethical moral philosophy. Not bad for a poor fatherless boy and college dropout.
Unless you are living under a rock, you know by now that current times are nowhere near economic stability.
The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.
Trying to interpret the actions of Vladimir Putin or politics in Russia using Western narratives is likely to end in failure.
Much is heard these days of the distinction between human rights and property rights. But far from being in conflict, property rights are the most basic of all human rights.
The presence of American companies in foreign nations was once seen as a sign of American superiority and an instrument of American cultural power. Not anymore.
Sound money is now more portable than ever!
The absence of market discipline in medicine cannot last. Governments and the medical cartel have successfully used fear to maintain control. Fear has kept the masses from rising up. Until now.
