No graphs, no data, no experiments—just logic. David Gordon on how Austrian economists reason from a single starting point: humans act.
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Category Archive: 6b) Austrian Economics
The Birth of the Austrian School
Why is water nearly free while diamonds cost millions, when you'd die in three days without one and never miss the other? In 1871, Carl Menger finally solved it.
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Alan Greenspan’s Deceitful Legacy
Willie Sutton was a famous bank robber. The late Alan Greenspan used banks and the monetary system to take infinitely more money from Americans than Sutton ever stole.
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Banking
Your bank says the money in your checking account is yours, available in full, any time. Its own balance sheet says it's holding a fraction of it. Jonathan Newman on what banks actually do with your deposits.
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Money
Try paying for a roof in moonwalk lessons. That's the problem money solves. Sandy Klein on why barter fails and how gold became money.
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The Quiet Rise of Chinese Innovation
The US government continues to drag down the economy with its reckless wars and massive debt accumulation. On the other side of the globe, China is pursuing a different path.
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Entrepreneurship
Take the entrepreneur out of the picture, Mises said, and the entire market economy grinds to a halt. Peter Klein on why bearing uncertainty is the most fundamental act in economics.
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The Division of Labor and Social Order
Shawn Ritenour shows how the division of labor turns our inequalities into the glue of society, and why the only way to profit in a market is to serve someone else first.
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Why Mises University Matters
Opening the 40th Mises University, Professor Hülsmann tells how the Austrian school came back from near-extinction—and why Mises U was central to its revival.
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Major Party Realignment
Mark Thornton examines the rise of democratic socialism, the political realignment it may trigger, and why young Americans are embracing bad solutions to real problems.
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Sanctuary Cities: Leave Your Ambition and Entrepreneurial Skills at the Border
While many immigrants bring entrepreneurial skills, they often settle in US cities governed by leftists who are hostile to private enterprise.
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Constant, Tocqueville, and Acton on the Enlightenment, Liberalism, and Religion
The growing power of the centralized state loomed as the central problem for liberalism in the early nineteenth century, and the works of these three writers are a response to it.
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Keith Knight’s Top Ten Problems with Democratic Socialism
Bob sits down with the managing editor of the Libertarian Institute, Keith Knight, to sample arguments from his recent four-hour video cataloguing sixty-four problems with democratic socialism.
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NTD News: Dr. Mark Thornton on why Socialism Doesn’t Work
There has been growing interest in democratic socialism, particularly among younger voters and progressive politicians in the United States. NTD discussed this trend with Mark Thornton, a senior fellow at the Mises Institute.
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Small America First
In this week’s Friday Philosophy, Dr. David Gordon revisits the argument that the American republic has grown far too big, and that a smaller America would also be a freer America.
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Economic Foundations and Christianity Are Compatible
Joshua Mawhorter reviews Dr. Shawn Ritenour’s Foundations of Economics: A Christian View.
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On Swiss National Bank
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SNB Sight Deposits: decreased by 1.9 billion francs compared to the previous week
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Household wealth in 2025
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Heads up for NZD and CHF traders, RBNZ Gov Breman and SNB Chair Schlegel to speak
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Swiss franc appreciation has led to tighter monetary conditions – SNB minutes
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
Main SNB Background Info
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