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Mainstream economists often base their analysis upon assumptions that do not square with reality. Austrian economics, on the other hand,...

Modern American culture is statist to the core. The typical school curriculum tells students that capitalism is evil and socialism...

On this day 106 years ago, the warring parties of World War I agreed to an armistice, ending more than...

While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each...

When the bankers called for a central bank in the US, they claimed to only want a way to stop...

A common belief among economists is that the central bank determines what interest rates should be. But is that accurate?...

One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying...

Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot...

John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he...

With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to...