JOIN OR RENEW TODAY
Bureaucracy and Regulation
Government anti-trust policy often results in destroying cost-saving measures adopted by larger firms, thus driving up prices for ordinary consumers.
Philosophy and Methodology
If governments do anything more than protect property rights, then they're too big.
Austrian Economics OverviewInterventionism
Money and BanksMoney and Banking
Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.
Today is the birthday of Hans Hoppe, an outstanding libertarian theorist.
U.S. EconomyU.S. History
Defenders of slavery so vehemently opposed free labor, they claimed the "wage slavery" system was even worse than slave labor. The idea being that slavery is morally superior to wage labor.
History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology
The General Theory is not a book explaining economics to his followers at all, but a propaganda tool to lead them to his vision of a non-Marxist socialist nirvana.