On Being an Economist
The economist’s lot is to study a field in which, almost more than any other, human folly displays itself.
The economist’s lot is to study a field in which, almost more than any other, human folly displays itself.
The academic scholar, along with the great teacher, is vanishing from the universities and being replaced by one-dimensional specialists.
Austrian scholars should not shy away from engaging mainstream law and economics scholars.
It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending.
Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.
The real value of saving is found in how much it supports and sustains the individuals who are engaged in various stages of production.
The Gilets Jaunes are a crisis for the French state, and it remains to be seen if the French leviathan will use it to expand their powers.
Wealth creation and savings are a far better indicator for economic prosperity than the "job creation" sought by politicians who use tax incentive programs for political purposes.
Many Americans now believe in a version of "freedom" which is nothing of the sort — because it requires more violent coercion exercised by government agents.
Not everything needs to turn into a nationwide systemic problem when the federal government is a political mess. We ought to decentralize now to limit the damage the feds can do.