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History of the Austrian School of EconomicsOther Schools of Thought
Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.
Governments never have respected rights of free speech. Today, they restrict freedom of speech and of the press and promote falsehoods in the name of "protecting truth."
Economic PolicyThe EnvironmentTaxes and Spending
Standard neoclassical economics texts claim a Pigouvian tax will lead to the "optimal" price and production of a good. But "optimality" is a myth.
Central BanksThe FedInflation
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.
The Beltway is no place for loyalty.
The FedInflationU.S. EconomyBusiness Cycles
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.
Big GovernmentEconomic PolicyInflationU.S. Economy
Americans are looking at a grim energy future, thanks to government.
Money and Banking
When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say "we'll know when we get there."