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Big GovernmentMedia and CultureWar and Foreign PolicyWorld History
The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace.
Bureaucracy and RegulationWorld HistoryAustrian Economics OverviewPhilosophy and Methodology
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.
Book ReviewsInflationUnemploymentCapital and Interest Theory
Biden administration cheerleaders such as Paul Krugman claim that inflation is under control and that unemployment is falling. The numbers tell a very different story.
There are so many parts of the Revolution, so many stages, and so many protagonists, that we are sometimes confused as to how to interpret it. Historians tend to explain the Revolution according to their predilections, or even their heroes.
Austrian Economics OverviewEntrepreneurshipSubjectivism
Even something that seems as objective as software development falls under the Austrian view of subjective utility.
Austrian Economics OverviewPhilosophy and MethodologyPraxeologySubjectivism
Subjective valuation, which is at the heart of Austrian economic thinking, is not the same thing as someone's opinion.
Booms and BustsAustrian Economics OverviewPraxeology
Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.
Economic FreedomEconomic PolicyInterventionism
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.