The Fed has given up on "normalizing" monetary policy, and it's going to keep on with its ultra-low-interest-rate policy which has led to growing inequality while also failing to drive much growth.
Although Australia follows the same homicide trend as the US, Canada, and much of Europe, gun control advocates try to credit the improvement in Australia almost solely to a 1996 gun control law.
Things like forks and washing machines start out as "luxury" items for the rich. But thanks to markets, these goods, over time, become more and more accessible to everyone.
The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.
Murray Rothbard was a genius. One aspect of this was his writing as an American historian. He was every bit as significant a scholar here as he was as an economist and philosopher.
