When I Toured East Berlin with Murray Rothbard
The year 1982 was life changing for me. It also was the year that I met Murray Rothbard and toured what then was East Berlin with him and his wife—and a host of others. And thanks to Rothbard and others
What We’ve Learned from Israel’s Covid Vaccine Program
The New England Journal of Medicine (NEJM) recently reported the results of a large-scale nationwide trial in Israel of the Pfizer covid vaccine, BNT162b2. The study concludes that the vaccine has high effectiveness against covid. The NEJM has a reputation
The EU’s Woes Are a Political Problem, Not an Economic One
The European Union, at least in theory, is designed to allow residents to avail themselves of what are traditionally known as the “Four Fundamental Freedoms.” These are usually defined as the freedom of movement of goods, labor, services, and capital within
The True Cost of Taxation Is Much Higher Than Your Tax Bill
Taxes have a long reign near the top of discussion topics. But it can be striking how much nonsense and confusion is both advanced and accepted about taxation. A good way to understand some of the basics of taxation better is
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
The Great Reset, Part V: Woke Ideology
How would a reset of the mass mind come to pass that would allow for the many elements of the Great Reset to be put into place—without mass rebellion, that is? This is the function of ideology. Original Article: "The Great
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,
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