Money and BanksGold StandardMoney and Banking
The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.
The EntrepreneurCapital and Interest TheoryEntrepreneurship
European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.
Austrian Economics OverviewSubjectivismValue and Exchange
The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.
Corporate WelfareMedia and CultureSocialism
Quite simply, there should be no public policy box marked “broadcasting.”
Tweeting about poverty and wealth is quite instructive. It's obvious that many feel very strongly about it yet know so little.
Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want.
Money and BanksMoney and Banking
Central banks' economic models repeatedly and incessantly over-estimate economic growth. We can only speculate as to their motivation.