Power & Market

In the following diagram, Jesús Huerta de Soto has summarized the actions people take to recover from a disaster when people are free.

Robert Ekelund was an outstanding scholar and a true Renaissance man. We will miss him greatly.

Last week, the Federal Reserve released Welcoming Remarks

The modern system of electronic medical records (EMR) is essentially a creation of the government's Medicare and Medicaid programs. The EMR system creates a tidal wave of unnecessary and exhausting bureaucratic paperwork.

Abstract: In response to the COVID-19 lockdown policies, Guerrieri et al.

Tax imposition rendered political exploitation less painful, but at the same time, it inaugurated an expansion of dominion over individuals and society unparalleled in history.

The Argentine primary elections were held on August 13 and only one presidential candidate had presented a government plan in detail.

Javier Milei's unequivocal message of shuttering the Argentinian Central Bank resonated with a population beleaguered by an inflation rate of over 100%.  

Biden’s spending on the Ukraine war thus far will cost each and every American household $900. How many Americans would rather have those $900 dollars back in their pocket rather than in the pockets of Lockheed-Martin, Raytheon, and Ukraine’s oligarchs?

Subjectivity is the starting point of all concepts in Austrian theory. Unlike neoclassical concepts, concepts in Austrian theory bear no reference to a material or physical objectivity. Since the primary focus of economics is action, it makes sense that the primary lens through which the concepts are defined is universally applicable to every acting individual, rather than through an artificial omniscient perspective.