The bankruptcy of governments
byThe following is a transcript of the “Adam Smith Lecture” I gave at a private gathering in London on 19 February. For a long…
Keynes
Masterly inactivity
byBefore we really get into the detail this week, let us just deal with one simple canard: this idea that if the US Congress…
The errors of Keynes
byThe Austrian School of economics has provided the world with devastating critics of Keynes’s magnum opus The General Theory of Employment, Interest and Money (TGT) for…
So, what is wrong with Keynesianism?
byRecently, someone left a comment on a post here along the lines of: “What’s your problem with Keynes?” One of the replies mentioned Hazlitt’s…
Deck the halls with macro follies
byIn case you missed it, here’s another gem from EconStories.tv … In an article reprinted at Mises.org, John Papola explains: Each year, our attention turns to…
Guido Hülsmann on Mises’s invaluable legacy
byDownload audio file: Guido Hülsmann on Mises’ invaluable legacy (29:45 min) Episode 63: 2012 marks the centennial of the publication of one of the Austrian School of economics’…
The loss of trust and the Great Disorder
byAt its most fundamental level, economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between…
Boom
by“Giarre, a town in eastern Sicily, sits above the sea on the slopes of Mount Etna. It was once a collection point for the…
Why gold is my favourite asset
byI hate to give personal investment advice. So please do me a favour and do not treat the following as investment advice. I am…
What the classical economists knew and the moderns have forgotten – part 4
byHazlitt referred to the great economist Benjamin M. Anderson in the same breath as Mises when saying that both of them had already penned…