Living Free in an Unfree World
2024-02-21
The State knows no limits when it comes to intervening in the economy and our lives. From the value of our hard-earned income to the flow of water in our showerheads, nothing is out of reach for meddling bureaucrats.
Ludwig von Mises explained, "The ultimate basis of an all around bureaucratic system is violence." Yet we advocate and hope for a world of peaceful cooperation and flourishing markets.
It’s doubtful that politics holds all the answers. We cannot just sit and wait for the government to restrain itself. Politicians come and go, but the administrative state is entrenched.
What are the avenues for sidestepping the State? How can we live our lives according to the principles of free markets and liberty despite government encroachment?
Join us in Albuquerque, New Mexico to tackle
Austrian Economics Research Conference 2024
2024-02-17
The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. 2024 marks the 50th anniversary of the South Royalton Austrian Economics Conference.
Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
2023-11-21
Econometric model building attempts to produce a laboratory with controlled variables. By means of mathematical and statistical methods, an economist establishes functional relationships between various economic variables.
For example, personal consumer outlays are related to personal disposable income and interest rates, while fixed capital investments are explained by the past stock of capital, interest rates, and economic activity. A group of such estimated relations constitutes an econometric model.
A comparison of the goodness of fit of the dynamic simulation versus the actual data is an important criterion in assessing the reliability of a model. (In a static simulation, the model is solved using actual lagged variables. In a dynamic simulation, the solution is obtained by employing
The Legacy of Legacy Admissions Is Not What the Critics Claim
2023-11-17
In the aftermath of Students for Fair Admissions v. Harvard and its companion case, race-based affirmative action is, for the most part, dead. While there are legitimate criticisms of this decision from the Right, the Left has taken the near opposite approach.
Rather than simply lamenting, the Left is using this as an opportunity for taking further action against what they perceive to be racial discrimination. Alexandria Ocasio-Cortez (AOC) states in a tweet, “If SCOTUS was serious about their ludicrous ‘colorblindness’ claims, they would have abolished legacy admissions, aka affirmative action for the privileged. 70 percent of Harvard’s legacy applicants are white. SCOTUS didn’t touch that—which would have impacted them and their patrons.”
Beside the fact that by AOC’s own admission white