The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories
The Nobel Prize in economics for 2022 was awarded to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig for their research on the role of banks in economic growth and on how banks can set in motion a
Why We Need True History and Good Historians
[This article is adapted from the introduction to the Historical Revisionism panel at the 2022 Supporters Summit at the Arizona Biltmore.] In his novel 1984, George Orwell noted the role of the regime in controlling information about the past. After being “re-educated” by
To a Great Man
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022. Sponsored by Sheri and Thomas Yengst.
How to Think about Production and Entrepreneurship
[Chapter 5 of Per Bylund's new book How to Think about the Economy: A Primer.] Why do we produce? For the simple reason that nature doesn’t automatically satisfy all of our needs and wants. Wild animals, grains, and berries are not enough to
Thanks to the Fed, You’ll Work More This Year to Keep Last Year’s Standard of Living
This is the "American dream" the Fed has given us: work more jobs and longer hours to keep paying those bills that are now growing at 8 percent per year. Original Article: "Thanks to the Fed, You'll Work More This Year
The Bank of England Made Liz Truss a Scapegoat
We live in strange times. The same people that vehemently defended massive deficit spending and money printing as the solution to the global economy now blame the turmoil of the UK bond and currency markets on a deficit-increasing budget. I find
The Perils of Higher Education: Institutional Failure
I have recently written about the cultural, political, and ideological problems that contribute to the decline in higher education, but colleges also suffer from long-standing institutional shortcomings. Simply put, the term “higher education” is, in many ways, a misnomer, as the
Mises and Rothbard versus the Progressives
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.
Mark McGrath on Orientation and the Adaptive Entrepreneurial Method
When firms apply the principles of Austrian economics to business management, we call the result the Adaptive Entrepreneurial Method. It’s adaptive in that it is a continuous learning process, and it’s entrepreneurial in elevating customer value realization as the most
The Alex Jones Verdict Shows the Danger of Defamation Laws
The idea of defamation as a punishable legal matter is based on the notion that people do not have free will and are not responsible for their own actions. Original Article: "The Alex Jones Verdict Shows the Danger of Defamation Laws" This