JOIN OR RENEW TODAY
Money-supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession.
Bureaucracy and RegulationThe Police State
Money laundering is illegal in the USA, but like so many other federal crimes, it is difficult to identify and define. That is the perfect recipe for government abuse of innocent people.
Corporate WelfareCronyism and Corporatism
As "decarbonize agriculture" becomes the watchword, powerful multinational agriculture firms have embraced the 2030 UN agenda. Their actions will result in widespread hunger.
When communism fell with the USSR, Murray Rothbard realized that the greater threat to liberty was social democracy. Events of the past few years have proven him correct.
After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful.
Austrian economists often are labeled ideologues for advocating for free markets, yet socialism requires the ideological blinders.
Money and Banks
Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt.
Austrian Economics OverviewProduction Theory
While Austrian economists criticize the neoclassicals for their models' use of untrue assumptions, critics have turned the same criticism against the Austrians for their use of the evenly rotating economy.