Mark Thornton reviews Thomas Piketty's A Brief History of Equality. The book is the siren song of communism: “economic justice” without any cost or noteworthy harm to society. In reality Piketty's solutions are implicitly violent and destructive.
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Category Archive: 6b) Austrian Economics
Book Review: Capitalism: The Story Behind the Word
Chris Calton reviews Michael Sonenscher's Capitalism: The Story Behind the Word. The book meanders through abstract associations to claim that the division of labor is “worse” than capitalism without providing context or engaging with real historical developments.
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Book Review: The Emergence of Arthur Laffer: The Foundations of Supply-Side Economics in Chicago and Washington, 1966–1976
Greg Kaza reviews Brian Domitrovic's The Emergence of Arthur Laffer. Alienated from academia during the stagflation era, Laffer was able to reach policymakers by presenting his ideas in a simple way, such as with his famous napkin Laffer curve.
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Book Review: The Economics of Prosperity: Rethinking Economic Growth and Development
David Gordon reviews Shawn Ritenour's The Economics of Prosperity. The book shows how economic growth stems from entrepreneurship, the division of labor, and investments in capital and technology. These factors, Ritenour argues, are the key to prosperity in underdeveloped countries.
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Book Review: Cronyism: Liberty Versus Power in Early America, 1607–1849
Tom DiLorenzo reviews Patrick Newman's Cronyism: Liberty Versus Power in Early America, 1607–1849. The book posits that early American history is best understood as a struggle between mercantilist elites seeking to plunder the people and libertarians advocating economic freedom.
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Book Review: Money and the Rule of Law: Generality and Predictability in Monetary Institutions
Peter Earle reviews Money and the Rule of Law: Generality and Predictability in Monetary Institutions. This edited volume delivers a timely critique of the Federal Reserve's discretionary monetary policy, arguing that a binding legal structure is needed to check its mission creep.
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LLEGAN LAS MONEDAS DIGITALES DEL GOBIERNO ¿FIN DE TU LIBERTAD FINANCIERA?
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It’s the Root That’s Killing Us
For all of the talk about the need for “limited government,” we should always remember that the government has a legal monopoly on violence, and it uses that legal privilege often.
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QJAE: The Incompleteness of Central Planning
Even if all the practical challenges could be overcome, social economic calculation and planning are still impossible from a computation-theoretic point of view.
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Full text of Jerome Powell’s Jackson Hole speech
Rate cut to "stimulate" jobs? Powell: "while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers."
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JLS: “Some Necessary Iconoclasm”: Contesting Liberty in the Progressive Era
Though progressive reformers were met with mixed success, the theoretical shift away from natural rights left a lasting legacy in the American political landscape.
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Israel’s Man Inside the CIA Betrayed the US, New Files Show
The files provide a fresh and often disturbing look at a spy described by historian Jefferson Morley as “a leading architect of America’s strategic relationship with Israel.”
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The Fed Is To Blame For The Dollar’s Recent Weakness. Still, There Is No Fiat Alternative.
Reports of “dollar death” are greatly exaggerated and fail to answer a simple question: What is the alternative?
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Does a Government Budget Surplus Contribute to National Savings?
Keynesian economists claim government budget surpluses are national savings, but real savings drive capital development. A surplus just means more revenue to the government, not the private economy.
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LA VERDAD DETRÁS DEL GLOBALISMO
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Go Ahead and Rage at Boomers, But the Problem Is the Entire Economic Order
Our corrupt economic system was created by people born decades before the Boomers were adults. The boomers just got lucky in a system that created vast wealth inequality.
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Trump White House takes a $10B stake in Intel
The very definition of socialism: government ownership of the means of production. The US federal government now owns 10% of intel.
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New-Home Sales Dip in July as Homebuilders Struggle To Entice Reluctant Buyers
The median sales price of new houses sold in July was $403,800, down 5.9% from a year earlier and the lowest price since November 2024.
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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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