Argentina and the Watching World
For close to eighty years, Argentina has been the world's poster child for reckless and spendthrift government. Today, the world watches it for a very different reason: Rothbardian reforms.
For close to eighty years, Argentina has been the world's poster child for reckless and spendthrift government. Today, the world watches it for a very different reason: Rothbardian reforms.
Richard Cantillon, whom Austrians consider to be the real father of modern economics, noted that new money creation has uneven effects. Jonathan Newman demonstrates how those effects take place.
Federal spending is not the only out-of-control government spending in the US. A number of states have been overspending and now face declining revenues. Will bankruptcies follow?
Understanding the scientific method is crucial when examining complex phenomena and related hypotheses like “man is the main cause of climate change.” Unfortunately, "political method" has replaced the scientific method.
The president wants to appear as a “scourge” of the ultrawealthy. But he has only been a scourge of the productive wealthy while remaining a dear ally of unproductive cronies.
Paul Krugman and other Keynesians believe that since workers are unemployed during a recession, government spending to employ them is costless. Instead of creating wealth, these make-work schemes destroy it.
While the ruling classes insist that money is whatever the government says it is, historically money has been gold. That has not changed even in the age of debased currency.
The founders of the United States warned against getting entangled in foreign wars. Unfortunately, political elites today seek to expand the US empire, leaving death and destruction in their path.
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.
Whenever governing elites create a new crisis, they insist that “we're all in this together.” It’s time to ignore their lies altogether.