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...
Introduction Marijuana. Xanax. LSD. 2CE/2CI. Methamphetamine. A literal galaxy of wines, liquors, and beers. MDMA. OxyContin. Cocaine. Psilocybin mushrooms. Adderall. Heroin. Crack. Klonopin. Trazodone. etc, etc, ad infinitum... To most everyone, that list represents...
Immigration is claimed to be the root of a myriad of problems in the United States. It is declared to be the reason our culture will become unrecognizable. The reason our welfare system will be overloaded. The reason Democrats will take over the whole of government....
The notion that Americans will always be free is part of the catechism that is force-fed to public school students. For hundreds of years, philosophers, politicians, and reformers have touted a law of history that assures the ultimate triumph of freedom. “Oppressed...
Has the definition of “liberal” changed over time? One of the more compelling debates in American intellectual circles concerns classical liberalism vs modern liberalism. In American parlance, the word liberal is used reflexively, often without much deep thought about...
The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing state interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less than pure in many areas. However, one area where Hayek is...
Free-market capitalism is the most successful economic system in history, as it has brought unprecedented prosperity and powered vast improvements in all aspects of human well-being. However, in spite of capitalism’s success, the application of economic ideas to...
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