Price "stability" has never been a feature of a free marketplace. Stability is an obsession of central banks, and the day may come when central bankers intervene to "stabilize" crypto prices. That will be a bad thing.
Mises University offers students a radical alternative: a week where civilization and truth reassert themselves. In addition to Austrian economics, they receive a grounding in the foundations of a free society, from property and markets to social cooperation to peace.
Today, the political system really is in many ways what H.L. Mencken suggested when he described elections as a sort of "advance auction of stolen goods." The only answer lies in reducing the number of stolen goods available.
Many factors help explain the rise of the West, including both decentralization and the embrace of laissez-faire. But Europe's unusual pattern of family formation is also a likely and important factor.
Keynes's early critics repeatedly demolished Keynes's theories, pointing out countless fallacies behind the so-called "new economics." Yet Keynes and his theories only gained in popularity. Why?
Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy."
New York City subways are in deep financial trouble and the quality of service is in a downward spiral. Yet even talking about privatization is verboten.
Rothbard gives us the rough foundation of justice, but only common law juries—temporalized and local—can fill in the gaps.
Just as Canada had the right to secede from Britain, so too do the provinces and territories have a right to secede from Canada. Today, secession may be Alberta’s remedy against the Canadian regime's abuses.
The majority of economists, who assume recent historical trends will continue forever, forget that nonlinearity in economics means that cause-and-effect relationships can remain dormant for a long time, only to manifest themselves with unusual force later on.
