The Market — Not Government Planning — Brings Relief from Natural Disasters
Expropriating private property or mandating price controls might feel like "doing something," but only market action brings real relief to disaster-prone areas.
Expropriating private property or mandating price controls might feel like "doing something," but only market action brings real relief to disaster-prone areas.
Price inflation isn't a simple function of increases in the money supply. Rather, it depends on many other factors such as public expectations of future inflation.
Virtually all of the specific economic policies advocated by the Italian and German fascists of the 1930s have also been adopted in the United States in some form, and continue to be adopted to this day.
Robert Murphy's interview with Jordan Peterson featured a fast and exciting conversation with lots of references to books, articles, and other Austrian scholarship. This study guide offers citations and explanations for that may have gone by too quickly for the audience.
To the extent that Cass Sunstein's "nudge" policy relies on behavioral economics, it relies upon a fallacy.
Many scholars employ excessively narrow notions of homesteading which wrongly suggest that virtually all Indian hunting grounds and food sources were "unowned."
China is a rapidly aging, inefficient, conflict-ridden, and relatively poor country that simply is not on the road to seriously challenging the US’s hegemony.
Trump shares some of the blame. He wanted to get out years ago, but never had the courage to stand up to the incompetent generals and “experts” he foolishly hired to advise him.
Central banks are faced with the devil’s alternative created by their own policy. Either let inflation run and create a stagflation problem or scare the markets by tapering.
While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."