What Can Carl Menger Teach Us about Falafel Sandwiches?
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
Congress claims to have targeted TikTok because China's government allegedly uses it to spy on Americans. Besides dealing with a nonexistent threat, the bill gives the federal government vast new powers to misuse.
Progressive historians, journalists, and politicians claim that the Industrial Revolution and the growth of industry brought poverty and exploitation to American workers. The truth is much different, even if it is rarely heard.
Somalia is a country invented by European intervention. The region known as Somaliland ought to be free to secede from this imperialist creation.
Despite the accusations that Javier Milei is a fascist in libertarian clothes, many of his reforms have been successful in reversing some of the damage done to Argentina's economy by real fascists.
In publicly opposing apartheid, William H. Hutt saw how legal segregation kept black South Africans from pursuing legitimate economic goals. To Hutt, apartheid deprived people of equality of economic opportunity, which kept them in poverty.
While Austrian and feminist critiques of neoclassical economics have some similarities, they also differ strongly on important points. Feminist critiques are based upon what Mises called polylogism, while Austrian critiques are based upon praxeology.
Government officials like to claim they are doing something about reducing poverty. The trouble is, of course, that what they are doing makes things worse. Here on Income Tax Day, we recommend that next time, they should do nothing.
F.A. Hayek coined the term spontaneous order to point out that the prosperous societies are also societies where people are free to pursue their own goals. The result is, ironically, harmony that cannot come about through central state planning.
States know that treason and sedition laws are about much more than matters of law and order. They are essential components of enhancing state power.