In 1925, Winston Churchill, in spite of massive wartime inflation of the pound sterling, restored the gold standard at the old pre-war exchange rate. This set off a chain of events that led to the 1929 crash in America, and the rise of Keynesianism.
One of the trickiest needles for libertarians to thread in public policy discussions is what I call the rudeness
Both the left wing and right wing in the United States today use nullification as a tactic against federal law, even though nullification is clearly illegal according to modern legal interpretations. Nullification isn’t a legal tactic, though. It’s a political one.
The Colorado Appeals Court ruled that the owners of a bakery do not have any right to control their property, and that they shall be forced to provide bakery services to a couple that the owner would rather not do business with. In other words, they have no property rights.
The European Monetary Union has failed to bring economic stability, and it has also increased nationalistic tensions among member nations. Some taxpayers, such as German taxpayers, view themselves as working to subsidize foreigners. Meanwhile, central banks continue to distort the economy.
The Austrian features new articles on a variety of topics from the war on cash to superhero movies.
Per Bylund, winner of the 2015 Lawrence Fertig Prize, and as
Asset-price inflation is being ignored as pundits focus on consumer goods. But if we look at asset prices, the carry trade, and commodities, we have reason to believe that the current boom is entering a stage similar to what we saw in 2007.
