It is not a criticism of reason to acknowledge that no reasoning person or group can have a synoptic view of the world or of society that would enable him or it to rationally plan everything. The faculty of reason is packaged within individual human beings, and no...
Hayek
Why Do Climate Alarmists Dislike Climate Realist-Optimists So Much?
F. A. Hayek, the Nobel-Prize-winning economist of the Austrian tradition, provided a possible answer to the question posed in the title. Although Hayek (1899-1992) to my knowledge had nothing to say about the climate controversy, his views on macroeconomics met with a...
The State is the Health of War, and War is the Health of the State. Chris Coyne & Keith Knight
https://youtu.be/Od-djgYHnqM Lacking the direct test of success or failure, the voter tends to turn, not to those politicians whose policies have the best chance of success, but to those who can best “sell” their propaganda ability. Without grasping logical chains of...
TGIF: How Science Becomes Religion
The popular slogan today is "Believe in science." It's often used as a weapon against people who reject not science in principle but rather one or another prominent scientific proposition, whether it be about the COVID-19 vaccine, climate change, nutrition (low-fat...
Austrian Economics – An Introduction. Steven Horwitz and Keith Knight
https://www.youtube.com/watch?v=rFtlXIfwfQ0 ...the Austrian theory of the trade cycle reveals that only the inflationary bank credit expansion that enters the market through new business loans (or through purchase of business bonds) generates the over-investment in...
F.A. Hayek, the Progressive’s Devil
There is the ideologically captured mind that squeezes all the complexities, diversities, uncertainties, and serendipities of life into one limited dimension of cause and explanation. One such mind is that of Wellesley College historian, Quinn Slobodian, who sees...
Stimulus Is Not the Answer to Your Economic Woes
Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the...
The Cult of Keynes and Its Origins
The British Austrian economist W.H. Hutt was a great critic of Keynes’s economic theories. However, his speculations on why the New Economics revolution happened are even more fascinating. Hutt shows it to be a fundamentally dishonest undertaking. Keynes held a...
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