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Lyndon Johnson's Terrible Legacy

U.S. History

Blog11/18/2017
Johnson's political philosophy is alive and well today. The US government spends freely on welfare programs at home, and on unwinnable wars abroad.

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Is Behavioral Economics Good Economics?

Austrian Economics OverviewOther Schools of Thought

Blog11/17/2017
Behavioral economists, while criticizing the mainstream economics for not being realistic, treats human beings as automatons.

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Austrian Student Scholars Conference, Feb. 16-17, 2018

Blog11/16/2017
Grove City College will host the fourteenth annual Austrian Student Scholars Conference, February 16-17, 2018.

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The Fed's Bubblenomics

The Fed

Blog11/15/2017
The Federal Reserve cannot achieve its goals. If it could, the US economy would not have had financial bubbles in the 1990s and early 2000s.

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The New Progressives

Political Theory

Blog11/16/2017
The "liberaltarian" ideology is just watered-down libertarianism.

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We Need More Tax Breaks for Education

EducationTaxes and Spending

Blog11/14/2017
Supporters of quality education must advance policies aimed at giving Americans control over their education dollars.

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Capitalism and Competition

Free Markets

Blog11/14/2017
Listening to the critics of capitalism, you would think that competition is one of the main sources of social evil in the world.

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Hayek on Good and Bad Unemployment Policies

Labor and WagesInterventionism

Blog11/16/2017
One of the obstacles to a successful employment policy is, paradoxically, that it is so easy to reduce unemployment, at least in the short term.

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Hey GOP, Want to Cut the Burden of Government? Cut Spending.

Taxes and Spending

Blog11/13/2017
It is not deficits per se, but total government spending that distorts the economy and starves the private sector of resources.

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The New York Times and the "Lost Cause" of Bolshevism

World HistoryPolitical Theory

Blog11/15/2017
According to the New York Times, we should be mourning the passing of the Soviet era and all of its promises of a better life for all.

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"Economic Development" Is a Corporate Welfare Scheme

Big GovernmentTaxes and Spending

Blog11/17/2017
Taxpayers are being ripped off to help companies that apparently can't turn a profit without some help from the government.

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Capital As a Form of Charity

Labor and WagesCapital and Interest Theory

Blog11/13/2017
Both fact and logic seem to support the view that savings invested in privately owned economic tools of production amount to an act of charity.

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Leftist Billionaires Virtue-Signal on Tax Cuts

Taxes and Spending

Blog11/17/2017
The right to the product of one’s own labor is not in conflict with compassion and charity.

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Mainstream Economists Whitewashed the Evils of Communism

SocialismWorld HistoryOther Schools of Thought

Blog11/10/2017
There’s no excuse for any sentient being – especially an economist – to have praised the decrepit communist economic model by the 1980's.

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We're Living in the Age of Capital Consumption

Money and BanksMoney and Banking

It remains to be seen how much longer this can continue. Once the stock of capital is depleted, the rude awakening will be unpleasant indeed.

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Why Populism Isn't Going Away

Money and BanksWorld HistoryMoney and Banking

An ailing foundation of the economy provides fertile soil for dissatisfaction with the status quo.

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The Daily Hell of Life in the Soviet Bloc

Blog2 hours ago
Any economic system that forces lions to go vegan should never be forgiven.

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