Mainstream economists are united against deflation, which they claim is the cause of recessions. Austrians know better, as they understand that deflation raises living standards and prevents destructive asset bubbles.
The American conservative movement has changed with the advent of MAGA and the economic nationalism associated with it. However, there never was a “golden age” of conservatism, as the William F. Buckley brand was terribly flawed from the beginning.
One of the unique features of Austrian economics is a coherent and consistent theory of business cycles. To understand business cycles, one must understand the role that interest rates play in the economy.
We're told that tariffs are going to do all sorts of great things. Mark Thornton sets the record straight.
Everyone wants to protect children and what better way to do that than having labor laws that keep young children out of the workplace. But the benefits to children are not as cut-and-dried as labor law supporters would have us believe.
The technocracy of total surveillance is coming. It will be wrapped in an American flag and proclaiming “America first.”
Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.
Auron MacIntyre has amassed a following in conservative circles, and David Gordon notes that while MacIntyre makes some good points on governance, he has much to learn about how free markets work.
As reality tells us that federal spending needs to be cut drastically, that means that local projects will need to be funded by states and localities, which means deficit spending is not an option.
US entry into WWI assured a decisive Allied victory, but it also assured a victory for politically-connected US bankers who used the new Federal Reserve System to send newly-printed money to the Allies.
