Democracy

The US government doesn't just blow money in the US. Indeed, the reach of its wasteful spending spans the globe, and Congress seems incapable of stopping it.

While politicians like Bernie Sanders and AOC tout the Scandinavian welfare model for the USA, there are a few things to understand about these countries and the economies that support their welfare programs.

Rothbard warned against the assumption that because democracies are “better” than dictatorships, they are necessarily more peace loving.

With the ouster of Speaker Kevin McCarthy, the House is in chaos, symbolizing the greater chaos that has enveloped Washington. Instead of looking inward, political elites will become even more outwardly violent.

Hans Hoppe theorized that monarchs, as opposed to democratically-elected political authorities, would have lower time preferences and would be less likely to engage in reckless government spending. Unfortunately, at least one Medieval Danish king acted like a modern politician.

While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations.

David Gordon continues his analysis of Graham Priest’s book, Capitalism: Its Nature and Its Replacement. While Priest might not understand either Marxism or capitalism, his book has useful insights.

Crack-Up Capitalism will be of interest to many readers of The Austrian because of what it says about Murray Rothbard; and for th

In his new book, 'Crack-up Capitalism,' Quinn Slobodian sloppily attacks Rothbard's views on market freedom. But in his efforts to attack Rothbard generally, Slobodian also gets Rothbard wrong on slavery, on Indians, on war crimes, and more. 

Culture warrior Patrick Deneen takes on the free market and its traditions. Neither of which he understands well.