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Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics
Bureaucracy and RegulationThe Police StatePolitical Theory
The likely election of Ferdinand Marcos Jr. as the next president of the Philippines might create nostalgia for the martial law his father declared as president. Martial law, however, holds no promise for a thriving economy.
Money and Banks
Saving is not about never consuming things. Rather, saving enables us to devote more resources to growing wealth now for the purpose of consuming more in the future.
In the cold light of economic reasoning, we can see that the Marshall Plan was in essence a scheme for postponing the bankruptcy of socialism and the welfare state.
In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars.
Any discussion of money and banking in the United States post-1945 starts with introducing its two central features: the Bretton Woods System and the New Deal.
Bureaucracy and RegulationLabor and Wages
Workers should have the freedom to take their time off when they need it most. Official government holidays don't actually mean more time off. They just mean less flexibility.
U.S. HistoryWar and Foreign Policy
The antiwar movement had been comatose for five years, ever since Obama ascended into the White House. But the potential of a new war in Syria revived moribund activists.