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Murray Rothbard properly noted that the predatory state needs its “court intellectuals” to legitimize its predations. American higher education is happy to provide them.
What we cannot do, legitimately, is have the US government go abroad in search of the Venezuelan monster to destroy.
Gold is up, bitcoin is cooling, the yield curve turning. 2026 could un-invert the story.
Instead of market competition, inflation forces young and old into rivalrous competition for housing.
Bob Murphy and Jonathan Newman walk through his claim that real‑world exchanges clear markets—even with supposedly “sticky” prices—and what that implies for money, contracts,...
As Americans celebrate the destructive wars that helped shape this country, we also remember that free markets promote peace and individual liberty.
A few hours studying the lessons of history can prevent heaps of grave-digging in the coming years. None of the veterans we celebrate on...
Total mortgage debt will increase as actual ownership in equity will go down. If homeownership does increase, it will be “ownership” of the sort...