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One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.
Original article: Subjective Valuation Versus Arbitrary Valuation
Those carrying out government directives are even less bound by law than they were a few years ago, and talk about new bureaucrats is beginning to resemble the Kremlinology of the Cold War.
Original article: “Personnel Is Policy” Means the Rule of Law Is Dying
Ralph Raico presents the fundamental political problem of the twentieth century, which remains our fundamental political problem today: How can war—given its appalling destruction—be avoided?
Original article: Ralph Raico: A Great Historian
In replying to a previous article by Frank Shostak, Douglas French writes that if an increase in the supply of gold ultimately leads to an expansion of bank credit, that is enough to start the boom-and-bust cycles, even if there is no central bank to accelerate the process.
Original article: A Reply to Shostak: Can Increases in the Gold Supply Cause a Business Cycle?
The shocked impotence with which liberals and Democrats have greeted the aggressive Trump moves on immigration is the key subject of today's discussion, along with efforts in the Senate to delay, pointlessly, Trump's cabinet nominees. Give a listen.
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What do the decisions Trump has made so far tell us about his strategy for his second term? And what strategic options do the Democrats have? Nate and Maria talk birthright citizenship, tech CEOs, memecoins, and pardons.
And, Nate and Maria answer a listener question about the status of their driver’s licenses.
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