Decline of the Great Tradition
Our institutions have conducted among themselves a grand competition for numbers — on ruinous terms.
Our institutions have conducted among themselves a grand competition for numbers — on ruinous terms.
Jefferson was disillusioned by the public debt, high taxation, government spending, flood of paper money, and bank monopolies that accompanied the war.
Why is it that men become less thankful as their blessings increase? Marginal-utility theory helps us understand.
Presented by Tom DiLorenzo at the Mises Circle in New Orleans, 5 November 2011.
Education can regulate what intelligence one has, but it cannot give one any more.
Americans will never reclaim the dream if presidents like Lincoln and Roosevelt are held up as examples of "great" presidents.
Austrians have a different way of understanding history. For Rothbard, for example, a particular price datum is, no less than the Spanish-American War, a historical event, and its causes must be traced back to the subjective aims governing human plans and choices.
We now see, thanks to Rothbard's insights, that the Hoover-Roosevelt period was really a continuum.