Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government.
Ludwig von Mises was ridiculed for his assertion that “middle of the road” leads to socialism in the end. As the federal government swallows increasing amounts of the economy, we see that Mises was right.
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Contrary to popular belief, regulatory agencies do not improve the quality of our lives, nor do they provide safety or security. They need to be abolished, as free markets provide their own effective forms of regulation.
Do Austrian theories also apply to financial markets?
Ryan and Tho and guest Karl Streitel talk about how the public school monopoly conditions students for obedience while failing to educate them.
Praxeology is the key to understanding economic relationships. While Ludwig von Mises emphasized human action while making economic observations, Christian philosopher Francis Schaeffer emphasized the importance of how individuals view the world.
