Category Archive: 6b) Austrian Economics

How the Soviets Replaced Christmas with a Socialist Winter Holiday

Father Frost (the Soviet Santa Claus) asks: "To whom do we owe all the good things in our socialist society?,” to which, it is said, the children chorus the reply, "Stalin."

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Can I Get Some Coffee?

President Trump announced the tariffs aiming at two goals: protecting American producers and the relocation of foreign companies to the US. People have been “protected” by being disallowed peaceful, mutually-beneficial trades with others.

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The Brutality of the US Empire Is on Display in Venezuela

What we cannot do, legitimately, is have the US government go abroad in search of the Venezuelan monster to destroy.

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Unmasking Academia: The State’s Ministry of Opinion

Murray Rothbard properly noted that the predatory state needs its “court intellectuals” to legitimize its predations. American higher education is happy to provide them.

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Looking Back and Forth

Gold is up, bitcoin is cooling, the yield curve turning. 2026 could un-invert the story.

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Inflation and the Intergenerational Housing Rivalry

Instead of market competition, inflation forces young and old into rivalrous competition for housing.

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Combating Wokeness: An Interview with Paul Gottfried

Richard McDaniel interviews Paul Gottfried, getting his perspective on wokeness and other shenanigans and hijinks that are coming from modern American higher education.

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The Illusion of Democracy: The “Iron Law of Oligarchy”

“Political globalism” bears the unmistakable signature of an oligarchized democracy. No matter how we vote, a small elite manages to get its way on its central issues.

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Home Prices and Sales Fall. Can Sellers Count on Lower Interest Rates?

With employment fundamentals so weak, the real way to increase home sales is to cut prices further. That, of course, is not what sellers want to hear.

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Inflation as a moral hazard 

As I have argued many times in the past, the corruption of money itself and its purposeful devaluation is by far the most important problem facing not just investors and savers, but virtually every single citizen on the face of the planet. Taxation, especially the extremely predatory and aggressive kind that most governments enforce today, might indeed be theft, but inflation is even worse. This is because taxation might be robbery, but at least it...

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Nagel on Reason

This week, Dr. Gordon explores some of the thought of Thomas Nagel on reason and how subjectivists who deny objective reason are inviting us not to believe them through their arguments.

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Why We Hate Thomas Hobbes

Ryan and Josh Mawhorter talk about how Thomas Hobbes, even nearly 400 years later, remains a popular spokesman for almost limitless state power. In fact, by Hobbes's logic, the world should by ruled by a single global dictatorship.

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Protecting a Societal Cancer with a Web of Lies

The modern western society is built upon the welfare state, yet it is that very welfare state that is undermining the social fabric. It is time to recognize the damage the welfare state is doing and put a stop to it.

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Party Over Principle: A Lesson from the Bloody Shirt Era



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Inflation and the Intergenerational Housing Rivalry

Instead of market competition, inflation forces young and old into rivalrous competition for housing.

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QJAE: Ulysses S. Grant and the Panic of 1873



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November’s Weak Jobs Report Pushes the Fed Toward More Monetary Stimulus

If employment reports continue to show growing economic stagnation, calls for more monetary inflation and government spending will only grow.

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JLS: What Is The Libertarian Theory of Parental Obligations?



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We Cannot Build an Economy on Lies

American journalists and academics have invented a fairy tale in which “free market orthodoxy” has dominated political thinking in America for the past forty years. This is not even slightly true, but pundits repeat the lie again and again.

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The Evil of the Welfare State



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