John O’Donnell: Austrian Economics Applied
People accuse Austrian economics of being overly theoretical—but our guest John O’Donnell proves them wrong.
U.S. Economy
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It’s Called “Recovery”, but Where’s the Beef?
Arguably the best single, currently available measure of the entire public's payoff from economic activity is real disposable income per capita.
Why Economic Dependence on Others Is a Good Thing
Political dependence and economic dependence are two very different things. Political dependence is fostered by coercion and monopoly power, but economic dependence is simply a choice we make when we especially like one thing more than the alternatives.
U.S. Government Debt Is Now at a Once-Unimaginable Level
Now that the gross federal debt has surpassed $18 billion—six times the amount that troubled us back in 1990—we can clearly answer the two questions posed by the symposium's organizers: yes, a large and growing federal debt does matter; and no, we can do nothing about it.
The Folly of 1845: Texas and the Evils of Annexation
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory.
The Folly of 1845: Texas and the Evils of Annexation
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory. Just as secession naturally limits the power of states, annexation extends it, and should be opposed.
If the Economy’s So Strong, Why Is the Fed Keeping Rates So Low?
Mark Thornton Discusses the Fed's Non-Plan.
How Much Longer Can the U.S. Economy Bear the Burdens?
Ordinary people, and sometimes experts as well, tend to overreact to short-term economic changes.
Investing in Cash: The First Step toward 100 Percent-Reserve Banking
A new survey by American Express reveals that 29 percent of Americans keep at least some of their "savings" in cash.
