What Is Money?

By Christopher Powers STATESMAN SENTINEL July 5, 2011 I will be writing a regular column for the Statesman Sentinel on the economy from the Austrian perspective.   I thought the perfect way to begin, considering the country’s newfound interest in the Federal Reserve, would be to approach the question of what money is. Carl Menger founded [...]

The Silver Giant Awakens: The Empire Will Never Be The Same

By A.J. Arias STATESMAN SENTINEL April 13, 2011 With the roar of a mighty colossus, silver has finally awoken from its deep and artificial slumber ― and it’s been a long time coming for this precious metal. Silver is currently at $40 per ounce ― yet this is only the beginning of amazing things to [...]

Robert Murphy’s Debate Challenge to Paul Krugman

By Robert Murphy As many readers already know, last week I launched a campaign to pressure Paul Krugman into debating me. In just the first week, this sophomoric 7-minute YouTube video has generated $35,000 in pledges. At this point, I don’t see how Krugman will ever live this down until he debates me on Austrian [...]

Tax Cuts Won’t Cut It

By Peter Schiff Congressional Republicans and Democrats are engaged in a heated debate over which Americans deserve not to have their taxes raised, with both claiming that some form of tax cut will stimulate the economy. The primary point of divergence is what type of cuts will be most likely to get Americans spending, and [...]

Revisiting Enron: Failure of the Market or Government?

By William Anderson When Enron executives Ken Lay and Jeffrey Skilling were convicted in federal court four years ago, the typical media response was that justice had been done. Bethany McLean wrote in Fortune: Guilty! . . . Guilty! . . . Guilty! Judge Sim Lake’s reading of the jury’s findings had a staccato rhythm [...]

Bursting the Myths of the Great Depression

By George C. Leef The Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy (Regnery, 2009); 272 pages. Government of all kind depends on elaborate mythologies to keep the people complacent in the face of constant attacks on their liberty, their property, and even their lives. Kings used to [...]

Minimum Wage Protects the Rich

By Jacob Hornberger In the past week, I have written two articles (here and here) detailing how one of the favorite economic interventions of liberals (i.e., “liberals” in the corrupted, big-government meaning of the term), falls disproportionately on poor, inner-city black teenagers, people whom liberals purport to be concerned about. As I pointed out in [...]

Was Keynes a Liberal?

By Ralph Raico Keynes and Neomercantilism It is now common practice to rank John Maynard Keynes as one of modern history’s outstanding liberals, perhaps the most recent “great” in the tradition of John Locke, Adam Smith, and Thomas Jefferson.[1] Like these men, it is generally held, Keynes was a sincere — indeed, exemplary — believer [...]

Should the Government Control Wall Street?

By William Anderson One of the questions coming out of the current drive to change the regulatory structure of banks and financial institutions has been what do about the ratings agencies, such as Moody’s and Standard & Poors. In Sunday’s New York Times column, Paul Krugman pointed out something that, frankly, is shocking: “[O]f AAA-rated [...]

Socialism vs. Corporatism: Where does Obama stand?

By Ron Paul Lately many have characterized this administration as socialist, or having strong socialist leanings. I differ with this characterization. This is not to say Mr. Obama believes in free-markets by any means. On the contrary, he has done and said much that demonstrates his fundamental misunderstanding and hostility towards the truly free market. [...]

« Previous Page — Next Page »