Much of the failure of American schools is due to the adherence to a flawed system of teaching students how to read. Homeschoolers often don‘t seem to have that problem, and there is a good reason why.
Bitcoin is many things to people and it certainly has developed into a valuable asset. It also has been used as a medium of exchange. But is it money? According to Austrian economics, the answer is “no.” At least not yet.
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.
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.
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?
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.
A freshly re-inaugurated President Trump is reportedly considering making his first moves on tariffs: a 10% tariff on Chinese imports and a 25% tariff on imports from Canada and Mexico, both of which he says could start as early as next week.
If the U.S. slaps tariffs on foreign products, U.S companies that import foreign goods, and their customers, will bear the cost. But, before any of that happens, businesses can also face a less tangible cost—uncertainty.
Today on the show, we hear from a couple business owners who experienced Trump's first trade war. And we'll learn how the uncertainty from tariffs, or just the threat of them, can have ripple effects throughout the economy.
US Presidents past and present have abused the constitutional pardon power, but the abuses of that power in just the last week by Presidents Biden and Trump should get special scrutiny. Clark Neily explains.