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Booms and BustsThe FedBusiness Cycles
Rental prices are falling as the markets adjust to new realities. The Austrian business cycle theory explains why this is happening.
After 1820, growing numbers of propertyless squatters were voters, and this was an opportunity for politicians to offer cheap land in exchange for loyalty to the Democratic Party.
Media and CultureU.S. History
In the preindustrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that.
Booms and BustsEconomic PolicyInflation
The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.
Booms and BustsKeynesMonetary PolicyU.S. EconomyBusiness Cycles
With the US economy facing a severe downturn, we should remember that two recessions ended quickly because the government didn't intervene at all.
Economic FreedomThe EntrepreneurLabor and WagesEntrepreneurship
Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe.
U.S. HistoryWorld History
While the horrors of the transatlantic slave trade have been well documented, people other than slave traders and slaveholders benefitted from it, with some surprising results.
Money and Banks
The dollar became the dominant global currency not so much because of its own merits, but because of the self-destruction of the pound sterling caused by the British state and central bank.