Top News

In my industrial organization course, I discuss the economic theory of the firm. It is important in that there are many ways real world firms don’t correspond to the way they are presented in microeconomics models. When dealing with differences between

I was born on the lower East Side of New York and brought up on the lower West Side. (I bring in these facts as introduction to some ideas that may be of general interest, not as autobiography.) Of my

Murray Rothbard views the eighteenth-century French economist and administrator Anne-Robert-Jacques Turgot as a great and admirable figure, but David Graeber and David Wengrow do not agree. In their recently published The Dawn of Everything (Farrar, Straus and Giroux, 2021), they present

Larson's principal targets are Friedman and Hayek, but Mises and Rothbard are not spared. For Larson, promarket economists aren't just wrong. They're bad people. Original Article: "This Professor Hates the Austrian School. But He Clearly Doesn't Know Much about It." This Audio

Florida Governor Ron DeSantis last month signed new legislation largely banning the use of vaccine mandates by either private entities or local governments. The new legislation also reinforces the DeSantis administration’s overall efforts to prevent local governments from imposing mask

When prices fall as a result of rising wealth that's good news. But deflation is also good news when it follows the bursting of a financial bubble caused by money creation. Original Article: "We're All Talking about Inflation, but Deflation May

Until very recently, the hefty monetary and fiscal relaxation unleashed by governments to stimulate the economic recovery at the onset of the global financial crisis has not had major inflationary repercussions, in particular as the main benchmark has been the benign

The words freedom and liberty signified for the most eminent representatives of mankind one of the most precious and desirable goods. Today it is fashionable to sneer at them. They are, trumpets the modern sage, "slippery" notions and "bourgeois" prejudices. Freedom

For many, income inequality is a disease ravaging the fabric of capitalist societies. Therefore, curing this ailment, according to progressives, necessitates an injection of welfare benefits and higher taxes on the wealthy. Guided by a zero-sum outlook, critics believe that

Includes an introduction by Tom Woods. Recorded in Lake Jackson, Texas, on December 4, 2021. Ron Paul's two campaigns for president (2008 and 2012) were watershed moments for liberty-minded people around the world. The "Ron Paul Revolution"—centered around his undiluted message