Latest Articles
Does it matter whether assumptions in economics are arbitrary?
Various assumptions employed by mainstream economists appear to be of an arbitrary nature. The assumptions seem to be detached from the real world. For…
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Potato Chips vs. Microchips: A False Dichotomy
by Mary Lucia Darst It doesn’t make any difference whether a country makes computer chips or potato chips!” ~ attributed to Michael J. Boskin ~…
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The Heat Death of the Economic Universe
Physicists say that the universe is expanding. However, they hotly debate (pun intended) if the rate of expansion is sufficient to overcome gravity—called escape…
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Austrian Economics Centre Free Market Events
Last week I had the pleasure of chairing a panel on the future of free trade for the Free Market Roadshow run by the…
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Speech on Enlightenment Values
Tomorrow in Brussels I am giving a speech on the importance of enlightenment values. I believe this is the most important issue of our…
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The Worst Man In Modern History
It seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl Marx….
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Karl Marx and Marxism at Two Hundred
A specter continues to haunt the world, the specter of Karl Marx. Two hundred years ago, on May 5, 1818, the father of twentieth…
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Wealth-Destroying Zombies
The hot topic in monetary economics today (hah, if it’s not an oxymoron to say these terms together!) is whither interest rates. The Fed…
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Expectations and the Austrian Business Cycle Theory
According to the Austrian Business Cycle Theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
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Is the US exporting a recession?
The Federal Reserve continue to raise rates as S&P earnings beat estimates The ECB and BoJ maintain QE Globally, corporations rely on US$ financing,…
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Law of Comparative Advantage
The debates about Brexit and President Trump’s trade machinations have demonstrated the blindness of otherwise intelligent people to the Law of Comparative Advantage. Let…
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The Welfare State Has Failed
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
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Inflation or Employment
Inflationary fears are growing and US rates continue to rise Employment has become more flexible since the crisis of 2008/2009 Commodity prices have risen…
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If GDP Lags, Watch the Economy GO
The Bureau of Economic Analysis will release its preliminary first-quarter growth figure on Friday. According to the Atlanta Fed consensus tracker, economists are predicting…
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Latest Articles on Economics
Does it matter whether assumptions in economics are arbitrary?
Various assumptions employed by mainstream economists appear to be of an arbitrary nature. The assumptions seem to be detached from the real world. For…
The Heat Death of the Economic Universe
Physicists say that the universe is expanding. However, they hotly debate (pun intended) if the rate of expansion is sufficient to overcome gravity—called escape…
The Worst Man In Modern History
It seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl Marx….
Latest by Format
Latest Articles on Money
The Case for A Gold Currency Part 2: Wages and Growth: Higher Under Classical Gold Standard
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
The Case for A Gold Currency: Part 1
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Money out of “thin air” and economic cycles
According to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money…
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