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.
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.
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.
