When the current panic and crisis began, we were already in the late stages of a long asset price bubble. The crisis has exposed the fragility of the current system and we won't be going back to where we were before.
If current political and economic trends continue, the 2020s will usher in a new period of drastically increased government activity and regulation of the economy.
Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.
George W. Bush has resurfaced to pander to the Left and the media in hopes of getting some attention. Apparently, Bush's brutal history of lies, wars, and torture is all fine now since he said some nice things condemning racism.
Thanks to the COVID-19 panic this year, graduates at America's institutions of higher education missed the "opportunity" to be lectured by some celebrity or politician about the importance of "giving back" to the community, or being yourself, or following your dreams.
In the 1960s, politicians and bureaucrats had nearly unbounded faith in the ability to plan a nearly perfect society. Things didn't turn out as they had planned.
Patrick Newman presented this talk at the Mises Meetup at Avondale Brewing Company in Birmingham, Alabama, on June 6, 2020.
George W. Bush has resurfaced to pander to the Left and the media in hopes of getting some attention. Apparently, Bush's brutal history of lies, wars, and torture is all fine now since he said some nice things condemning racism.
Governments often demand that you "ask what you can do for your country," but those governments never guarantee us anything in return for our sacrifice.
Published here for the first time is Rothbard's note on the economics of antebellum slavery. Mark Thornton comments on the paper, which criticizes the method of the New Economic History.
