The best way to think about tradition is to view it like capital accumulation. Knowledge is accumulated through countless centuries of trial and error. The state seeks to destroy historical consciousness and old ways of life to secure power.
Lockdowns, protests, decimated economy, unemployment, and raw animosity. What does it all mean for you, for freedom, and for the future of America—economic and otherwise?
Bob explains some of the highlights of his newly released chapter for the Mises Institute book on “Understanding Money Mechanics.”
The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.
Bob asks Tom about his early career in economics, and then they discuss the various ways in which Abe Lincoln was actually a horrible president.
As Ronald Hamowy put it, Cato's Letters is “unmatched for its breadth and vigor in the literature of the period.”
Debt and recession in the United States are big problems. But in both cases, metrics show a better situation in the US than in the eurozone.
Arguments over the gold standard are not merely technical disagreements. Rather, the gold standard often serves as a proxy for “sound money,” which was a central element in the classical liberal tradition of limiting government’s ability to wreak havoc on society.
The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.
Nock despised plutocratic conservatism, and rightly saw Herbert Hoover as the embodiment of this point of view. Above all, Albert Jay Nock hated militarism and intervention in foreign wars.
