How Praxeology Helps Us Understand the Real World
"Praxeology … does not deal in vague terms with human action in general, but with concrete action which a definite man has performed at a definite date and at a definite place."
"Praxeology … does not deal in vague terms with human action in general, but with concrete action which a definite man has performed at a definite date and at a definite place."
While the US was able to give the Soviets a bloody nose by pouring billions into the mujahideen, it’s undeniable the US created a Frankenstein's monster that ended up turning on its creator.
Overestimating foreign "threats" is a threat in itself. It invites wasteful spending while provoking "enemies" who would not have been rivals otherwise. John Mueller explains in his new book.
The current surge in inflation is not due to a shortage of supply as central banks want us to believe. It is primarily due to soaring consumer demand fueled by monetary creation.
The Soviet military invasion was in no sense an arrogant drive for the conquest of all of southwest Asia. It was an act, not of strength, but of profound weakness.
Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.
Cultural disparities between national, linguistic, or cultural groups can prevent the spread of trade and hamper the adoption of useful economic strategies.
If fairness is a concern, there’s an easy way to achieve fairness on this issue: abolish the Selective Service for everybody. It’s as easy as that. It wouldn’t even cost a dime of taxpayer money.
With default we restore trillions to the private sector and permanently reduce government’s ability to hog the resources we need to maintain prosperity.
The fact a politician may have prior experience as a "savvy businessman" is irrelevant to the business of the state. States are nothing like private sector businesses, and business skills mean little.