Long-term interest rates are on the rise and there is no shortage of explanations from the usual suspects. One thing the pundits miss, however, is the role of time preference in determining interest. The Austrians do not make that error.
Third World economies rarely operate on trust, which inhibits capital development and other important ingredients for economic growth. Is that a case of personal morality or do the monetary systems play a role?
Help us invest in the future by helping the next generation of Austrian economists.
Join us in celebrating Murray with copies of Economic Depressions: Their Cause and Cure, originally published in 1969, and Nations by Consent, originally published in 1994. Everyone who donates $26 or more today will receive these two Rothbard classics.
When governments subsidize low productivity and penalize high productivity with enormous taxes, the economy suffers. This is why Europe is stagnating.
Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.
If President Trump is looking for a federal agency to abolish, he needs to look no further than the misnamed Consumer Financial Protection Bureau.
Bob analyzes President Trump's recent remarks praising the revenue capacity of tariffs.
In this week‘s Friday Philosophy, Dr. David Gordon looks at Allen Wood‘s attempts to salvage Marx‘s theory of exploitation. While Dr. Gordon acknowledges Allen‘s expertise in 19th-century philosophy, he notes that Allen truly misunderstands economics.
President Donald Trump has openly called for the US to annex Greenland. However, Greenland‘s residents don‘t want to be part of the US empire. Unfortunately, this is another chapter in the sorry history of US acquisitions.
