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Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.
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The Federal Reserve might be experiencing a change of leadership, but the process of currency debasement that began more than a century ago continues.
Politics
Mainstream economists believe that if government increases spending and injects new money into the economy, then productive wealth will follow. Austrian economists would like...
Politics
Remembering Murray Rothbard on our imperialistic wars: “The true principle of isolationism is that the government should be isolated and people who trade, interchange,...
Politics
Even the federal government’s official data shows that price growth is well above the Federal Reserve’s two-percent target. In fact, price inflation is now...
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Walter Olson President Donald Trump’s attempt to engineer a $1.8 billion taxpayer-funded slush fund for those in legal trouble for promoting his interests, as...
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David J. Bier The Department of Homeland Security (DHS) announced Friday that it will cease granting green card applications except in extraordinary circumstances. In...
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Thomas A. Berry and Alexander Xenos The government must be neutral when it sets rules for what private citizens may say, but the government...
Politics
Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.
Politics
Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.
Editor's Pick
Jeffrey Miron The current national debt is almost $39 trillion—and rising. The 2025 One, Big, Beautiful Bill Act has only made matters worse. New...
Politics
“There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are...
Politics
The latest rupture of the global energy map came Tuesday, when the United Arab Emirates said it would leave the Saudi-led OPEC.
Politics
I recently joined Lena Petrova on the World Affairs in Context podcast to discuss the Austrian Money Supply measure, and how easy money drives...