There Is No Reprieve in the Fed’s War on Savings
By Attila Rebak There is a particular kind of financial wisdom that used to be passed down at kitchen tables. A grandparent, someone who…
A Schumpeterian Analysis of the Eurobond Scandal through Rothbard’s Cui Bono
By George Omondi Ojwang’ Joseph Schumpeter, in Capitalism, Socialism and Democracy (1942), offered a starkly realistic definition of democracy: it is not the rule of the…
Price Inflation Accelerates as Wars and Deficits Expand
By Ryan McMaken Fears over price inflation returned in a big way this week as bond yields rose in the wake of recent government…
Today’s AIs Show the Marginal Revolution’s Unfinished Business
By Joakim Book For a brief moment starting in the 1870s, economics was close to becoming a genuine science of human action. Carl Menger…
Fortune Through Labour
“Tu fortunam laboribus indages”, what a Tuscan city can teach us about the cultural roots of capitalism and the challenges they face today. By…
Freedom Upsets Patterns: The Deregulation Argument Westminster Will Not Have
The UK does not have an energy problem. It has a freedom problem. By Elias Sanchez The United Kingdom’s economic deceleration is conventionally attributed…
The Theory of the Bottom 99 Percent: The Cantillon Effect
By Mark Thornton I want to dispel the claim in the minds of the establishment media that depicts free market Austrian economists as heartless…
But this is the very point of tariffs
The point of tariffs is not to make those things made by evil Johnny Foreigner more expensive. It is to enable the domestic capitalists…
The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods
By Ali Hashemifara You have probably heard of the widely believed myth that Napoleon was very short. Evidence proved after his death, however, that he had…
The Economics of Uneven Intelligence
How AI’s patchy intelligence reshapes firms, risk and entrepreneurship By Elias Sanchez The AI boom seems unstoppable, but its long-term sustainability is uncertain. AI…