The Corrupt Bargain and the Jacksonian Revolution
The election of 1824 pits the Old Republicans against the entrenched interests of one-party rule in America. In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop discuss the collapse of the first party system of the
Making Money Myths
Twice now, on this forum back in 2013, and on Twitter more recently (see here and here), I've taken Yale economics professor Gary Gorton's publications to task for misrepresenting the historical record of private currency systems. In particular, I've criticized him
The Growing Pile of Public Debt Shows that Inflation Is Here to Stay
After more than a decade of subdued consumer price inflation despite gigantic monetary and fiscal stimuli, last year’s surge in consumer prices took most central banks by surprise. First, they tried to dismiss it as “transitory” and caused by pandemic-related
Melting off our survival: Global water crisis
There is nothing more important to living beings today than air and water. Nonetheless, every country, from the United States to Africa, Europe to Australia, is having difficulty obtaining water for its daily needs. We’ve reached a point when identifying
The Canadian Truckers’ Battle against Covid Tyranny
The tinpot dictator Justin Trudeau thought he could extend his regime of covid tyranny, but a massive number of Canadian truckers have defied him. They have a good chance of forcing him to back down and maybe toppling his government
Why Employment Is Not the Key to Economic Growth
In December 2021, the US unemployment rate fell to 3.9 percent from 4.2 percent in the month before. The number of unemployed individuals fell by 500,000 to 6.3 million. Many commentators have expressed satisfaction with the decline in unemployment. According to
Yousif Almoayyed: How Austrian Economics Helps Me Make Best Use of All My Business Knowledge
Business success is a function of knowledge — the right knowledge at the right time applied in the right way. But knowledge is always scarce and incomplete and sometimes wrong. It is best to regard knowledge as a process: continually
The White House Now Says It Never Really Wanted Lockdowns
Last Friday, a reporter asked White House press secretary Jen Psaki to respond to the Johns Hopkins covid study showing lockdown provided no real benefit in terms of disease prevention. In response, Psaki dodged addressing the study directly, but then pivoted
What the Next American Civil War May Look Like
The Next Civil War: Dispatches from the American Futureby Stephen MarcheAvid Readers Press, 2022; 238 pp. In this important book, Stephen Marche has disquieting news for us. America may be headed toward a civil war. We are no longer a united
Innovation and the State
[Should the state back science or even plan its progress? In this excerpt from a longer and previously unpublished study written in 1959—two years after Russia's launch of Sputnik and two years before the first manned space flight—Murray Rothbard (1926–95)