The collapse of the monetary order in 1971 reflected the massive dislocations and malinvestment of resources that ultimately turned the decade into one crisis after another. Keynesians are doing something similar today.
"The state cannot intervene in the economic affairs of society without building up its coercive machinery, and that, after all, is militarism. Power is the correlative of politics." ~Frank Chodorov
While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship.
Faced with countless demographic, economic, and strategic problems, China is more likely to collapse than take over the world.
Hoppe lays out the nature and role of private property in human relations and the flawed concept of public property.
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange.
Creating a functioning and sustainable local economy is much more time consuming and complicated than sprucing up a few buildings to look good on a TV show.
The anchor of all valuation is the usefulness of a good for the well-being of an individual human being.
We should be extremely concerned about the short and diminishing impact of monster stimulus plans.
If people are to demand things in the market, people must first produce things. This production allows for savings, and ultimately, for economic growth.
