Mainstream economists often base their analysis upon assumptions that do not square with reality. Austrian economics, on the other hand, is built
Modern American culture is statist to the core. The typical school curriculum tells students that capitalism is evil and socialism is good,
On this day 106 years ago, the warring parties of World War I agreed to an armistice, ending more than four years
A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs.
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless
With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to revitalize liberalism.
John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless