While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property.
Do governments make “rational” decisions involving interaction with other governments? As David Gordon points out, rationality involves individual decision-making, not collective action.
Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.
Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match donations received through December 11. He's ready to match your gift today!
Get ready to see George W. Bush, Michelle Obama, Mitch McConnell, and Hillary Clinton all mourn together at Kissinger's funeral as they hail one of the regime's most devoted apologists.
In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government.
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.
