Capital and Interest in the Austrian Tradition, Part 1 of 3
Bob begins his three-part series devoted to Capital and Interest Theory in the tradition of the Austrian School.
Podcast
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Ocasio-Cortez’s Selective Memory on the New Deal
The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.
The Battle of Shiloh, Part 4: “Tell My Mother I Died Like A Soldier”
Chris Calton recounts the second and final day of the Battle of Shiloh, and the story of the Battle of Fallen Timbers.
Dear Mr. President, Security Does not Create Development
Even though security might be a necessary condition for development, it is not a sufficient one.
Elizabeth Warren’s New Antitrust Crusade: A New Progressive War on Wealth
Warren and her fellow progressives have the regulatory issue with respect to free markets and public utilities almost precisely backwards.
Discussing MMT Through the Eyes of a Socialist
Bob Murphy and C. Jay Engel discuss Doug Henwood’s recent critique of modern monetary theory in Jacobin magazine.
The Battle of Shiloh, Part 3: The Hornet’s Nest
Chris Calton details the intense fighting at The Battle of Shiloh, where thousands of Union and Confederate soldiers fought in a narrow portion of the battlefield nicknamed "The Hornet's Nest."
Will Democrats Rally Behind a Herman Cain Fed Nomination?
It will be interesting to see how Trump critics handle Mr. Cain. He has the one quality Elizabeth Warren and other Democrats have chosen to focus on when it comes to a Federal Reserve nominee: he isn’t a white guy.
Capital is a Mystery to Alexandria Ocasio-Cortez
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
It’s Not a Recession, It’s a “Global Economic Slowdown”
Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.
