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One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such...
The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—fail to comprehend that it even...
For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and...
Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black...
While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need...
The standard line from US political elites is that failure to aid Ukraine would mean Russia’s destruction of what is left of the country. However,...
[This essay was originally published as “Die Legende von Versagen des Kapitalismus” in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf (1932)1...
One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses)...