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Abstract: The conventional wisdom has it that US Democrats and those on the American left support incremental steps in the direction of socialism, if not an all-out endorsement of the concept. However, in at least one area—regulation—Republicans and the American

Last week, the media again tried to ratchet up the public’s fear over covid-19 by labeling it more deadly than the 1918 flu epidemic. “COVID-19 Is Now the Deadliest Disease in U.S. History,” reads one headline from an NBC TV

There is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal budgetary expenditure and taxing increases in the trillions of dollars: a fantasy land of financial irrationality. The

We continue our look at Murray Rothbard's two volume An Austrian Perspective on the History of Economic Thought with a show focused on Adam Smith. Rothbard attacked him mercilessly as a plagiarist who set economic theory back decades with his

Critics of praxeology often claim that it is isn’t really one of the sciences. It isn’t about the empirical world but is mere idle play with words. In this week’s column, I’d like to look at some remarks that the

After completing a controversial withdrawal from Afghanistan in late August, the United States is facing valid questions about the legitimacy of its foreign escapades launched in the last twenty years under the banner of fighting terrorism. It would be wishful thinking

[Column written by Murray Rothbard for the New Libertarian 4, no. 7 (April-June 1980): 13–15.] The Iran/Afghanistan crises have been a god-send to Jimmy Carter. From being lowest in the polls of any President in American history, Carter has vaulted to

For central bankers and mainstream analysts the recent inflation outburst is only a transitory phenomenon which has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded

The Stupidity of War: American Foreign Policy and the Case for Complacencyby John MuellerCambridge University Press, 2021, 332 pp. The subtitle of John Mueller’s excellent new book suggests that something unusual is in store for the reader. If someone is called

[Economic Freedom and Interventionism (1980)]  Animals are driven by instinctive urges. They yield to the impulse that prevails at the moment and peremptorily asks for satisfaction. They are the puppets of their appetites. Man's eminence is to be seen in the fact