Category Archive: 6b) Austrian Economics

So far, the White House has justified its unwavering support for Ukraine on lofty grounds such as defending democracy and freedom—both in Ukraine and in the West. However, with the American public—who bears the cost of the war in Ukraine—turning against it, several Republican lawmakers questioning its purpose and affordability, and elections approaching, the Biden administration has changed the messaging on the war. Its new line is that sending...

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There has been a radical change in the social and political landscape in this country, and any person who desires the victory of liberty and the defeat of Leviathan must adjust his strategy accordingly. New times require a rethinking of old and possibly obsolete strategies.–Murray N. Rothbard Murray Rothbard wasn't only a brilliant economist, historian, and political philosopher; he was a man driven to defend the cause of liberty against the...

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For the last few years, Jerome Powell has remained constant: the Fed was ready to do anything necessary until inflation returned to its 2% target.  Today, Powell blinked. While the Federal Reserve’s own optimistic projections place their preferred inflation measures staying above two percent until 2026, Powell used the December meeting to unravel the equivalent of a Mission Accomplished banner on the fight against inflation, potentially with the...

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With a large regional market and youthful population, Africa should be on the cusp of greatness. Yet instead, it remains the poorest continent on earth. Analysts are conceding that Africa’s outlook is gloomy because the region is on track to miss poverty reduction goals. Successive African administrations have consulted multiple strategies to tackle the scourge of poverty with varying degrees of success; however, the plague of poverty has been...

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For the last two weeks, delegates from the world’s governments have met in the United Arab Emirates for COP28, the United Nation’s annual climate change conference. Over one hundred thousand attendees, ranging from heads of state to climate bureaucrats, corporate leaders, nongovernmental organization representatives, and activists, descended on the lavish Dubai venue to hash out new policies for governments to force on their citizens in the name of...

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Contrary to popular assertions, Ancapistan is a real place and is conventionally referred to as prison. In all seriousness, I have been living in the US federal prison system for four years now, and in many ways, prison society actually is fairly anarchic. Considering these societies (plural because prison culture is heterogeneous across geography and across institutions’ security levels) seriously should dispel any notions of humanity that could...

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The statist is a complex creature, composed of many parts, some of which are more obvious than others. No two statists are exactly the same, but many of them share a set of common elements. Studying these elements can shed light on why the statist is so wedded to their statism, and it can also shed light on what can be done to transform them into a civilized human being. The following list of elements is by no means accurate or complete. This is,...

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How big is the federal government? Two measures are the number of civilian employees (nearly two million) and the number of agencies (now exceeding 440). These numbers barely hint at their massive meddling into business activities and the personal lives of Americans. While government was relatively small and less intrusive during its first hundred years, the Constitution held defects. In part, they resulted from the unavoidable compromises of...

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