Fear of Persecution is Not an Excuse for Christian Statism

Back at the end of May, New York Post opinion editor Sohrab Ahmari wrote the essay that launched a thousand debates when the religious journal First Things published his anti-liberal polemic entitled “ Against David French-ism”. While David French is certainly no libertarian, Ahmari identified him as the poster-boy for […]

Per Bylund: Big Data versus Big Ideas

Predictive analytics can’t predict! That was Dr. Per Bylund’s provocative introduction to our discussion of the uses and drawbacks of big data in the context of the entrepreneurial mission. Key Takeaways and Actionable Insights The claims made on behalf of the analytical powers of big data may be exaggerated, and […]

Rothbard Lectures on American History: Lost and Found

As Jerome Tuccille famously wrote: “It usually begins with Ayn Rand.” For me, it began in my senior year of high school. I took a year-long “Advanced Placement” course (for college credit) that offered an in-depth survey of American history, from the colonial period to the modern era. My early […]

Joey Rothbard

By: David Gordon Today would have been Joey Rothbard’s 91st birthday. She was Murray Rothbard’s “indispensable framework. ” She was a scholar in her own right, but she devoted her life to helping Murray. She was a wonderful friend, and I miss her very much. Powered by WPeMatico

The History of Sin

[Excerpt from “The Fall and Rise of Puritanical Policy in America,” Journal of Libertarian Studies 12, no. 1 (1996): 143–60] America was colonized by Europeans seeking economic and religious liberty, with many of the colonies founded explicitly along theocratic lines. The most notorious of these groups, the Puritans, founded the […]

More Money Pumping Won’t Make Us Richer

Whenever a central bank introduces easy monetary policy, as a rule this leads to an economic boom — or economic prosperity. At least this is what most commentators hold. If this is however the case then it means that an easy monetary policy can grow an economy. But loose monetary […]

The Nationalist Case for Free Trade, in the Words of Classical Economists

The founders of classical economics, namely David Hume (1711-1776), Adam Smith (1723-17790), and David Ricardo (1772-1823) and their British followers were fervent advocates of the principle of free trade between nations. Even more so were J.-B. Say (1767-1832), Frederic Bastiat (1801-1850) and their Continental disciples of the liberal school (who […]

Why Government Plans for Fixing Recessions Ultimately Fail

An essential element of the “unorthodox” doctrines, advanced both by all socialists and by all interventionists, is that the recurrence of depressions is a phenomenon inherent in the very operation, of the market economy. But while the socialists contend that only the substitution of socialism for capitalism can eradicate the […]

Recessions Can Theoretically Happen in a Free Market. But Central Banks Only Make Things Worse.

Given the nature of the modern global economic system, it is only natural to focus on the role of government-created money and central banks when discussing recessions and the ever-expanding credit structure. However, it is important to remember that theoretically, boom-bust cycles and other downturns are not impossible in a […]

Not all PIIGS are Created Equal: A Comparison of Portugal and Ireland

The eurozone crisis was highlighted by five countries: Portugal, Ireland, Italy, Spain, and Greece. These peripheral nations were deemed to be the culprits behind the eurozone crisis due to their overspending. Namely, they had caused excessive deficits, coupled with large debt levels. They were dubbed by the media as the […]

Power over Nature vs. Power over Man

[From Power and Market.] It is quite common and even fashionable to discuss market phenomena in terms of “power”—that is, in terms appropriate only to the battlefield. We have seen the fallacy of the “back-to-the-jungle” criticism of the market and we have seen how the fallacious “economic-power” concept has been […]

El Banco Central Europeo duplica su apuesta por el dinero barato

By: Ryan McMaken No es que la mejora de la calidad haya desaparecido realmente, pero el Banco Central Europeo está subiendo el listón con el recorte de los tipos de interés de hoy. Según el Wall Street Journal de hoy: El Banco Central Europeo redujo su tipo de interés clave […]

“This Is Basically Clown World,” Jeff Deist Talks Negative Interest Rates on RT

By: Jeff Deist Jeff Deist joins Rick Sanchez to weigh in on the European Central Bank’s introduction of negative interest rates and why it signals a global recession. Powered by WPeMatico

There’s Nothing Natural About Socialism

The socialist idea has many forms and flavors; however, one can observe three main paths toward socialism. They are the socialization of the means of production, wealth redistribution, and collectivization of consciousness. Different socialist movements use these three approaches to varying degrees. Orthodox Marxists and Marxist-Leninists consider outright expropriation of […]

De-Dollarization: Europe Joins the Party

The ongoing “World War of Currencies”, as the German journalist Daniel D. Eckert called it, the battle for the future of the world monetary system is not a shallow action film but more like Game of Thrones – a complex series with hundreds of actors and locations, stretching over decades […]

European Central Bank Doubles Down on Ultra-Easy Money

By: Ryan McMaken Not that QE ever really went away, but the European Central Bank is taking it up a notch with today’s rate cut. According to the Wall Street Journal today : The European Central Bank cut its key interest rate and launched a sweeping package of bond purchases […]

Unsound Money, Unsound Economy

Most people who have undertaken a formal study of economics end up accepting such things as the necessity of a central bank to prevent or at least ameliorate recessions. They take as a given the need for government intervention in the economy, or if not as a given, as explained […]

Using World War I to Prove the Incompetence of State Militaries

Bob Murphy uses some samples from Dan Carlin’s amazing podcast, Hardcore History, to illustrate the flaws with state-provided military services. Bob concludes that minarchists have nothing to fear, and they should embrace the full vision of a voluntary society with no institutional coercion. Mentioned in the episode: Dan Carlin’s Hardcore […]

Like Most Government Central-Planning Schemes, Zoning Laws Raise the Cost of Living

In the classic video game Sim City, players acting as the mayor of a simulated city begin by allocating space by industrial, residential, and commercial zones. There is no option in the game to have overlapping districts, where a department store might sit next to a middle-class home. The very […]

Negative Interest Rates and Financial Repression

We are repeatedly told that the unprecedented monetary stimulus by the Federal Reserve and other central banks is necessary to stimulate the economy, create jobs, and generate economic growth. The truth is that this scheme is designed to stealthily steal from the productive classes in order to enrich the unproductive […]