Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.
Historical revisionism is nothing new, and recent attempts to label an “antiracist” approach to history have wrongly been called “revisionist.” To better understand revisionism, one must first be grounded in reality, then apply reality-based thought to studying the past.
Modern progressives are obsessed with collective guilt, demanding that Americans pay reparations for slavery even though it ended in the US 160 years ago. However, by employing collective guilt and collective punishment, those seeking reparations violate natural law.
Greg Penglis interviews Mark Thornton on The Action Radio Show.
For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
Interventionists often claim that market economies naturally lead to monopolies, which mean there is no more economic competition. However, within market processes, there always is competition unless government authorties themselves block it.
Using state power to enforce social orthodoxy is always a recipe for disaster. Radical Republican governments in the post-war South attempted to do just that, sowing seeds of hatred and discord in the process.
On this episode of Radio Rothbard, Ryan and Tho talk about the possibilities after next week's election.
Lincoln, FDR, and Wilson were by far America’s worst presidents because of their shared penchant for dictatorship, corruption, lawlessness, attacking constitutional liberties, warmongering, and imprisoning dissenters and political opponents, as well as economic fascism and federal interventionism.
