Forty years ago, on October 9, 1974, the Nobel Prize committee announced that the co-recipient of that year’s award for economics was the Austrian economist, Friedrich A. Hayek. Never was there a more deserving recognition for one of the truly great free market thinkers of modern times.
Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important? Because the economists of the Austrian School have developed the most persuasive understanding of why only economic freedom can give mankind both liberty and prosperity.
Budgets/Taxes · Economics · Featured
Instead of deregulation to reduce unnecessary, stifling regulatory burdens and barriers, as both Carter and Reagan did to such fully documented success, Obama regulates mercilessly as if regulation is cost free to the economy, as the most interventionist President in American history.
Seventy-eight years ago, on February 4, 1936, the British economist John Maynard Keynes (1883–1946) published what soon became his most famous work, “The General Theory of Employment, Interest, and Money.”[…]
Budgets/Taxes · Economics · Featured · FIRE
The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
Achieving and sustaining such economic growth should be the central focus of national economic policy, for it would solve every problem that plagues and threatens us today.
A truly free market economy is one that tends to have the “good deflation,” and we should look forward to it.
Budgets/Taxes · Economics · Featured · Health Care · Politics
Earlier this month, President Obama tried to change the subject from Obamacare by pitching some rhetoric on “equality” to rally his Far Left base. Not much thoughtful or helpful is[…]
Budgets/Taxes · Economics · Featured · Government
As a longtime book reviewer, I have read a growing stack of books warning about a financial collapse, but Holland’s book is not only based in the actual debt, but is written in a manner that even a person who has no knowledge of this issue can understand.
Economics · Featured · Liberty · Regulation
Inequality is his middle name.
Economics · Featured · Government · Regulation
A common fallacy is that the Great Depression was ended by the explosive spending of World War II. But World War II actually institutionalized the sharp decline in the standard of living caused by the Depression.
Budgets/Taxes · Economics · Featured · FIRE
A general optimism prevails in the United States and Europe that the economies have finally turned the corner and growth is resuming. Don’t get too excited.
Budgets/Taxes · Economics · Featured · Random · Uncategorized
I cringe every time I hear a politician or pundit talk about how a certain policy will create or destroy jobs. Yes, I get why it’s done; the unemployment rate[…]
Budgets/Taxes · Economics · Featured · Politics · Taxes
In “Paul Krugman and Detroit, Part 1” I discussed the New York Times columnist’s failure to understand why Detroit currently resembles the United States in Atlas Shrugged. But Krugman’s error[…]
Economics · Featured · FIRE · Liberty
The other day I came across a good review of Edmund Contoski’s latest book, The Impending Monetary Revolution, The Dollar and Gold, at Feathered Quill Book Reviews. An excerpt from that[…]
Budgets/Taxes · Economics · Featured · Politics
Ongoing effective economic experiments among the 50 states are sharpening, and definitive results will pour out in the real world, editorial and opinion fallacies to the contrary notwithstanding. That sharpening[…]
Budgets/Taxes · Economics · Education · Environment/Energy · Featured
President Barack Obama released his 2014 budget proposal, which would spend $3.8 trillion. The budget contains a tax hike of some $800 billion, including a requirement that “millionaires” pay at[…]
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