Austrian Business Cycle Theory

Here is the essential reason I rail against the Federal Reserve on a regular basis. If you want to understand the seminal foundation for Austrian economics, here is your chance. Ron Paul published a basic version of Austrian Business Cycle Theory (ABCT) today in the Wall Street Journal, which is a theory that very capably…

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An Amalgamation of Market Healthcare Apology

A recent L.A. Times column was unusual in several respects. For one, it made a case for free market healthcare – an argument that even the most “conservative” politicians today are reluctant or remiss to do. A second strike against it was quoting Murray Rothbard, an intellectual who has been blackballed in all but the…

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Can I Get a "Hell Yeah!"?

Or, Why Government Spending Is Bad for the Economy. Behold: Though President Barack Obama has spent trillions of dollars, the U.S. economy is stagnant, fewer people are employed than when he became president, the percentage of people unemployed for over a year has doubled since then, the poverty rate is the worst in two decades,…

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