With two consecutive quarters of negative GDP growth recorded for the first half of this year, most agree that our economy has slipped into recession. But few will agree on its cause. Given the Biden administration and others’ attempts to blame skyrocketing price inflation on multiple factors besides its true cause, opponents of a free-market economy will attempt...
RALEIGH — Some people believe the recent economic collapse should lead to increased government regulation. They say unfettered free markets caused the problems that continue to plague the American economy. Robert Murphy, adjunct scholar at the Ludwig von Mises Institute, offers a different perspective. The author of both The Politically Incorrect Guide to Capitalism and The Politically Incorrect Guide to the Great Depression and the New Deal discussed the economy with Mitch Kokai for Carolina Journal Radio.
American capitalism has had a good record of giving people a rising standard of living, so why have many intellectuals and even economists become skeptical about, or even hostile to capitalism? Nobel laureate F.A. Hayek discussed economic policy's intellectual attraction — an economy that you can (presumably) deliberately control — back in 1975 on Meet the Press ...
The cumulative effects of the play-off between political advantage and economic necessity is the theme of Hayek's [1941] critique of Keynesianism. It has been described as having 'a tiger by the tail.' The value of what the Federal Reserve tries to do, and how it carries out its mission, must be judged against the expected long-run consequences of credit expansion and not just a short term easing of interest rates.
There’s a connection between Strauss, the Waltz, Austrian economics, and the proper role of government leaders. Or perhaps it's just an excuse to mention dancing. . .
The John Locke Foundation celebrates the 60th anniversary of The Road to Serfdom on the evil economics of socialism.
Gene Callahan has written a highly readable book for people wanting to learn the basics of Austrian economics.
Targeted tax breaks, government subsidies, and other incentive policies are flawed. But one idea expected to get a hearing during the upcoming special session is a good one.
What "The Lord of the Rings," "Harry Potter," and other works of fantasy have to say about war, economics, and political philosophy.
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