While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of civilization. The outcome of the American war of secession proved that point eloquently.
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their…
In August, the money supply grew at the fastest rate in 23 months.
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France’s…
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we…
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle.…
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare…
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition.…
In this review of Scott Horton’s new book, Enough Already, we see that the wars the US has raged…
Does bad money drive out good money? Mark Thornton discusses one of the most impactful principles of modern society.