Scott has Bob Murphy on the show to explain the Austrian School's view of the boom and bust cycle in the American economy. Murphy explains why the Keynesians are wrong to assert that booms and busts are simply an inherent feature of capitalism. In fact, it is...
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Physics and the Economic Calculation Problem
Throughout the nineteenth century, economic socialism was given its intellectual foundations by the Utopian Socialists such as Charles Fourier and Robert Owen, and by the ‘Scientific’ Socialists Karl Marx and Friedrich Engels. Austrian economics was only founded in...
Rich People Suck
Barack Obama: “If you’ve got a business -- you didn’t build that. Somebody else made that happen.” Bernie Sanders: “I don’t think that billionaires should exist.” AOC: “No one ever makes a billion dollars. You take a billion dollars. People become billionaires only by...
The Red Flag Flying Over the Second Amendment
The Second Amendment is the provision in the Bill of Rights that seems to scare people the most. Why? The Second Amendment lays down the groundwork for the right to keep and bear arms. Specifically, it asserts that the right of the people to keep and bear arms is the...
Healthcare Sharing Ministries Are a Godsend to More than a Million Patients
This may come as a surprise to many bureaucrats in Washington, D.C., but not all Americans want the same exact healthcare plan. In the wake of the Affordable Care Act (aka Obamacare), a growing tide of (mainly religious) Americans have turned to Healthcare Sharing...
Atlanta Police Make Monumental Move, Disband Entire Drug Unit to Focus on Actual Crime
Atlanta, GA — In one of the most revolutionary moves we’ve reported on to date, the Atlanta Police Department announced this week that they are disbanding their narcotics unit so they can fight actual violent crime. This move is both revolutionary and heartening and...
US to Send 3,500 More Troops After Killing Top Iranian General
On Thursday night, a US drone carried out an airstrike against the Baghdad International Airport, killing seven people, including top Iraqi officials and Iran’s top Gen. Qassem Soleimani. The Pentagon confirmed that the attack was carried out on orders of President...
The Christmas Truce of 1914: Proof that Peace Is Possible
As 1914 drew to a close, Europe had been at war for months. On the Western Front, opposing armies faced each other across a stalemated front line running from the North Sea to the Swiss border. On December 24, 100,000 soldiers from both sides of that line decided to...
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