Mainstream economists often look at the numbers first and then use data to construct their theories. As Austrian Economists know, such thinking is backward. We can only correctly interpret data after applying a correct theoretical framework.
Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics.
Formula 1 week has finally arrived this week in Las Vegas.
CPI inflation has slowed down, but real wages have gone nowhere, and half a dozen indicators point to recession.
Sen. Joe Manchin says he is retiring because of legislative divisions that keep Congress from finding political “solutions” to the nation’s problems. In truth, Congress is more united than the people they supposedly represent.
Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less.
One lesson learned should be that fiat paper money won’t work.
Resettling Gazans in America—at taxpayer expense—will be sold as a "humanitarian" effort, but anyone who sees through the propaganda will see that it's really all a cynical effort to please Israeli politicians.
Today, wars rage in the Ukraine and Middle East. What attitude should libertarians adopt toward these wars?
