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…

Details

Story Time!

Not as much of a story, but the concept, physics, and engineering in Larry Niven’s Bigger than Worlds brings out ideas that most of us have only thought about for a few seconds, if at all. A synopsis of how a man-made structure could exist in a way to accompany humanity, the essay has a…

Details

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…

Details