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Marx was wrong about the basics of value and exchange — and thus was wrong about the relationship between owners and laborers.
History of the Austrian School of Economics
I am sorry to report that Leland Yeager passed away on April 23, at the venerable age of 93.
Money and BanksMoney and Banking
An overheating economy emerges once expenditure rises without being backed up by production, a situation that emerges when the money stock is increasing.
The EntrepreneurEntrepreneurshipMoney and Banking
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.
Protectionism and Free TradeU.S. HistoryPolitical Theory
So long as he uses a "national security" ploy, a president can raise taxes without so much as a debate in Congress.
War and Foreign PolicyWorld History
Liberalism, freedom, and free markets were far less important in Latin American independence movements than in the fledgling United States.
Legal SystemTaxes and Spending
We're told that we pay taxes in return for government "services." But what happens when the state doesn't keep up its end of the bargain?