People claim to support “equal opportunity” over the idea of equal outcomes, but when one examines both concepts, it becomes obvious that neither is possible or even desirable. Murray Rothbard understood more than most that equality of opportunity is a chimera.
This is a rendition of Leonard Read‘s famous, “I, Pencil,” but with a new twist: tariffs now restrict the importation of producers‘ goods needed to make the pencil, which means there will be fewer of them for us to use.
Why do mainstream economists suddenly think clearly when it comes to tariffs—but abandon logic elsewhere? Mark Thornton unpacks why even Krugman and Marx agree with Austrians on free trade.
It is often asserted without challenge that “life is like a race” and it wouldn‘t be a fair race without the same “starting-line.” While this analogy has some truth, it is largely fallacious and more than implies an ever-present state to provide “equal opportunity.”
Dr. Gordon reviews Quinn Slobodian‘s latest book trashing the Austrians, especially Murray Rothbard. Not surprisingly, Slobodian shows little understanding of the Austrians and economic history.
While focusing on the Holocaust, people often forget the economic fallacies of the Third Reich. Hitler‘s policies were based upon socialism and state control, a no regime can prosper under those condition.
Trump has tried to claim that he favors “Main Street over Wall Street.” Unfortunately, by pushing aggressive low-interest-rate monetary policy, Trump has put himself squarely in the camp of “Wall Street over Main Street.”
As Trump challenges Powell and the Fed’s authority, Dr. Joe Salerno joins Bob to dive into whether “central bank independence” really protects the economy—or just shields elite power.
James Bovard joins host Ryan McMaken to talk about how the White House went from targeting illegal aliens to seizing legal residents guilty of the “crime” of criticizing the government of the State of Israel.
Dr. Gordon reviews Quinn Slobodian‘s latest book trashing the Austrians, especially Murray Rothbard. Not surprisingly, Slobodian shows little understanding of the Austrians and economic history.