Central Banks Do Not Prevent Financial Crises or Control Inflation
Recent crises have highlighted that central banks do not prevent systemic disruption. Often, their interventions have only delayed the reckoning but made crises worse.
Recent crises have highlighted that central banks do not prevent systemic disruption. Often, their interventions have only delayed the reckoning but made crises worse.
Americans wrongly believe that the best way to take care of our scenic lands is through government ownership and administration. The reality is that bureaucrats are not good land managers, and certainly not as good as private owners.
When the legal scholar Richard Posner labeled Critical Race Theory as having a “lunatic core,” he was echoing what Ludwig von Mises years before had written about polylogism. Unfortunately, CRT now dominates the nation‘s law school curriculum.
Should we regard morality as objective or subjective? In today‘s Friday Philosophy, Dr. David Gordon looks at the writings of Timothy Williamson, who argues that we can see morality in an objective light. On that point, he would agree with Murray Rothbard.
A new July report shows Trump and the GOP Congress have joined forces to drive up federal spending to the highest levels since covid. The federal debt also just passed $37 trillion.
According to the neo-conservative war hawks, every so-called enemy is the Next Hitler and every year is 1939. The failure to seek new conflicts abroad is equated to the failure of Great Britain and France to stand up to Hitler before World War II broke out.
Hayek for the 21st Century is a primer for the layperson, introducing a new generation of readers to Hayek’s writings and hopefully avoiding the 20th century’s mistakes in the 21st century. Get a free copy today.
The hackneyed argument for government regulation of speech—yelling "fire!" in a crowded theater—has always been a red herring. As Murray Rothbard wrote, private property rights should be front-and-center when dealing with free speech issues.
Werner’s experiment is dubious at best. He strawmaned the alternative theories and set up the experiment in such a way that only his preferred theory would be confirmed.
Bob breaks down the mechanics behind how commercial banks create money out of thin air—and why that power fuels economic booms and busts.