The Dangers Lurking behind a Digital Euro
As soon as cash has been pushed back or stripped away entirely, monetary policymakers can implement an uninhibited negative interest rate policy to devalue debt. Customers can no longer get out of the “bank balance sheet”; the final escape door
How I Discovered Murray Rothbard
It was 1995, and I was a young scholar, an assistant professor of history of political thought at Roma Tre University. My professor encouraged me to study the American feminist movement of the nineteenth century. As young scholars usually do,
Price Rise in Ram’s India- A fractured dream of Utopia
By Ayushi Singh Source: New Indian Express “Pump prices of petrol and diesel have reached historical highs,” -Shaktikant Das (RBI Governor) noted in the Monetary Policy Committee. Remember when in 2012, Narendra Modi raised questions on the then incumbent regime on the hike of
Rothbard’s Underappreciated Contributions to Public Goods Analysis
One of the primary justifications given for state provision of a good or service is that it is a “public good,” meaning that it is sufficiently costly to exclude nonpayers from enjoying the good and that one person’s enjoyment of
The Economics and Ethics of Government Default, Part II
In the first installment of this series on government default, we examined the ethical status of the public debt and debt repudiation. Since the debt represents an unjust imposition on the taxpayers, we concluded that the moral thing to do
The Special Understanding of Entrepreneurship by Americans of the Austrian School
Austrian economics has always been on the leading edge of innovative thinking applicable to business. Back in the last century, there was a group of American economists of the Austrian school who greatly advanced theories related to subjectivism; that is, the
The Plague of Caste in Menstruation
“Pollution may be temporary or permanent, voluntary or involuntary and may fall on any member of the society. The first and the later menstruations as well as delivery are periods of specifically female pollution (even though women’s impurities may spread
THE IMBALANCE OF NUCLEAR POWER INSTIGATES SURVIVAL MODE
The Non-proliferation treaty (NPT), having 187 signatory countries, was created to prevent new nuclear states from emerging. Its objective is to promote cooperation in the peaceful use of nuclear energy and, to work towards nuclear disarmament. The Non-Proliferation Treaty has
The New Deal and Recovery, Part 11: The Roosevelt Recession, Continued
"Massive jolts of New Deal spending had stopped the economic slide, [but the economy crashed again when] over two years, FDR slashed government spending 17 percent." (From a 2011 NPR presentation.) In the last installment of this series, I discussed
American Households Made Economic Gains before Covid, but This Progress Can Be Lost
Before 2020, there were growing signs of increasing economic prosperity for a wide variety of income groups in America. Whether or not this prosperity survives covid lockdowns and ever higher levels of government regulations remains to be seen. Original Article: "American