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Covid was a litmus test for libertarians, not merely of whether they opposed lockdowns or vaccine mandates, but of whether they understood the Austrian and libertarian analysis underlying their skepticism of state power. Too many failed.
Mainstream economists insist that recessions can only be cured by increasing government spending, a doctrine popularized by Keynes and his followers and defended even by prominent economists who have only half-jokingly suggested manufacturing crises
Ludwig von Mises was a strict classical liberal who viewed the state as a necessary, albeit dangerous, instrument for protecting social cooperation.
Politicians always want to "improve" our economy. But again and again, they make things worse.
By popular thinking, increases in demand cause economic growth. According to such thought, whenever the economy falls into a recession what is required is to strengthen demand.
Eighty years ago, on May 20, 1946, Austrian economist Friedrich A. Hayek delivered at Princeton University what, in my opinion, was one of his most important and insightful lectures, "The Meaning of Competition," which was published two years lat
In a free market, the interest rate does one essential job: it tells the truth about time. When households save more, they express a preference for consuming later rather than now.
But economists Friedrich Hayek and Ludwig von Mises pointed out how government "fixes" lead to bigger problems.
It is often observed that Rothbard's political opinions were controversial, especially in his later years when he forged an alliance with paleo-conservatives.
One criticism of the Austrian School's theory of recessions is that it doesn't account for the expectations of entrepreneurs, who can anticipate central bank actions which precipitate economic busts.
In many emerging and tropical economies, the Austrian business cycle does not appear as a temporary deviation from equilibrium, it becomes a permanent condition.
The history of human progress is not written by government decrees, but by freedom of choice and the protection of property.
Historians often view the Panic of 1857 as being caused, not by economic events, but political ones.
Keynesian vs Austrian Economics
President Trump has recently endorsed a policy that is arguably as socialist as anything proposed by New York mayoral candidate Zohran Mamdani or Sen. Bernie Sanders - partial government ownership of private corporations.
Will the 'Dollar Milkshake' hold or is Trump fighting inevitable Austrian forces?
"Argentina is making incredible progress despite cutting government spending", ... they are making incredible progress because they cut government spending.
Mises Institute Jedi Bob "Anakin" Murphy finally faced his nemesis: George Mason University's David Beckworth, deemed the "Count Dooku" of Austrian Economics by Bob for Beckworth's apprenticeship under Misesian scholars and subsequent dri
Macro Analyst Luke Gromen
His election was something of world historic importance. Never before has anybody been elected on a platform of abolishing the State and turning the country into a capitalist haven.
Austrian Economists Make Up The Superhero Needed To Save Civilization From Economic and Zionist Myths
The Nobel Prize-winning economist says the Iron Triangle of Politics must be defeated to cut down the government for good.
The Austrian economist's principled thought once served as a check on the intellectual right.
Founder of the Austrian School of economics, Carl Menger, some of his most famous intellectual descendants like Ludwig von Mises, 1974 Nobel Laureate in Economics F.A. Hayek, and author of the best-selling Economics in One Lesson Henry Hazlitt could
When analyzing the errors of policymakers, politicians, and pundits, it's useful to trace their misunderstandings to the source– debunked and fallacious economic theories, such as Keynesianism and Protectionism.
The Austrian School of Economics is responsible for developing and popularizing the keystone theories of the business cycle and of the origin of money. 50 years have elapsed since the Austrian F.A. Hayek won the Nobel Prize in economics, and it's w
...for the first time in 123 years. Lessons learned?
Roger Ver's story is a reminder of what happens when you dare to challenge the system. Here's a man who has spent his life advocating for financial freedom, yet he now faces 109 years in prison.
In post-election America, tariffs still occupy much of the policy debate surrounding the incoming Trump administration. With leftists arguing in bad faith on one side of the issue and economic populists on the other, we can turn to the Austrian schoo
Lex Fridman Podcast #453. Javier Milei is the President of Argentina. This episode is available in both English and Spanish.
