U.S. Economy

Jefferson believed that peaceful coercion was the perfect republican solution to the worsening commercial crisis.

It doesn't make the country richer when politicians spend money they don't have.

The United States imposes import quotas that substantially raise domestic sugar prices, harming domestic consumers to benefit politically powerful domestic sugar producers.

The Depression is supposed to be Exhibit A of the alleged instability of the free market left to its own devices, while the New Deal represents the indispensable corrective power of the state.

"Within the Misesian-Hayekian framework, the only permanent solution to existing malinvestment is to allow its liquidation and the readaptation of the structure of production."

Looks at causes of the 1929 crash and ensuing depression, with lessons for today. Recorded at Mises University 2010.

"Even mainstream economists recognize the role that price discrimination can play in allowing producers and consumers to exploit potential gains from trade."

The exercise of arbitrary or dictatorial power is, of course, the whole purpose and function of all those agencies, commissions, and czars.

Tom Kowitz and Michele Gaudin of WGSO 990AM, New Orleans, interview Professor Walter Block, 17 July 2010.

I cannot agree with Professor Krugman's statement that the Austrian business-cycle theory is not "worthy of serious study."