Herbert Spencer is best known for the term, “Social Darwinism,” but his writings on free markets and law remain brilliantly relevant today. While not included in the Pantheon of Austrian economists, nonetheless his work influenced Austrian scholars.
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Category Archive: 6b) Austrian Economics
Impressed at Vicksburg
Mark Thornton discusses a lesser-known factor in the American Civil War: the Confederate “impressment” policy and its impact at Vicksburg.
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MUSK SE RETIRA: ¿DECEPCIONADO CON EL GASTO?
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The Tobacco Standard in Colonial America
MMT and chartalism claims that money is a creature of the state and is valued because of state action. The fact that tobacco acted as colonial money independently of the state demonstrates this to be false.
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Comrade Aristotle?
In today‘s Friday Philosophy, Dr. David Gordon looks back upon the ethical views of the late Alasdair MacIntyre. While praising MacIntyre‘s work, Dr. Gordon points out that he never abandoned his Marxist views of economics, making much of his philosophical thinking crucially deficient.
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DOGE Disappointment, Keynesian Degeneracy, and Cutting Off Harvard
On Power & Market, the group looks at the political legacy of Elon Musk, the moral costs of Keynesianism, and the absurdity of Harvard and NPR as public goods.
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The Crucial Principle and Data At Stake in the SoHo Immigration Debate
Bob breaks down the recent Soho Forum immigration debate between Dave Smith and Alex Nowrasteh, clarifying the critical libertarian questions around property rights, open borders, and government authority.
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The Economics of Obamacare—Next Round
Enrollment in government-subsidized “Obamacare” health insurance programs is expanding—and that is not a good thing. As more people place demands on the medical system, that system is increasingly unable to handle the growing demand.
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“ARANCELES ILEGALES” ¿CIERTO O FALSO? LO QUE NO TE DICEN
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Did the Fed Achieve Independence During the Korean War?
Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates conclusively that the Fed bowed to Harry Truman‘s wishes to do what it has done for a century: finance America‘s wars.
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The One Bloated Brobdingnagian Bill
President Trump's so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.
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The Immorality of Keynesian Economics
Keynesian “economics” is not just wrong; its precepts are not just based upon fallacies but also on lies. Since Keynes self-described as an “immoralist,” we shouldn‘t be surprised that his economics is immoral, too.
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Ludwig von Mises on Peace and Social Cooperation
The free market replaces the struggle for survival found in the animal world with social cooperation in which everybody benefits. Capitalism is a system of peace, not war.
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The “Magic Coin” and Renewing Interest in Monetary Policy
David Brady, Jr. reviews Jonathan Newman's latest children‘s book that explains money in a way that even modern adults can understand.
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The “Magic Coin” and Renewing Interest in Monetary Policy
David Brady, Jr. reviews The Magic Coin by Dr. Jonathan Newman, a children‘s book that explains money in a way that even modern adults can understand.
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COVID ZIRP Triggers ABCT in LV Industrial RE
The Zero Interest Rate Policy (ZIRP) implemented by central banks during covid continues to provide real world examples of the Austrian Business Cycle Theory (ABCT).
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Take the Deal, President Trump
Deal-making is said to be President Trump’s specialty, yet after five rounds of indirect talks with Iran – most recently just days ago – we seem as far away from an agreement as ever.
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The Cultural Consequences of Inflation
It is easy to think of inflation as just being economic in scope. Yet, as inflation becomes an expected part of the body politic, it affects the culture as well, encouraging everyone to try to live beyond their means.
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Demand is rising for credit default swaps on US govt debt
As debt piles up, the cost of insuring exposure to U.S. government debt has been rising steadily.
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On Swiss National Bank
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SNB Sight Deposits: decreased by 15 billion francs compared to the previous four weeks
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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2025-06-25 – Quarterly Bulletin 2/2025
Main SNB Background Info
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