Keynesian economists have no good explanation for stagflation, rising rates of both inflation and unemployment. However, the Austrian School has long pointed out that sustained inflation has a predictable pattern that leads ultimately to stagflation.
Contra Keynesians, who believe that government spending and bureaucracy are the keys to economic growth, it is the bureaucratic state that swallows resources and stifles entrepreneurs. The more powerful the bureaucracy, the lower the standard of living.
Socialism does not infect our body politic just through economic measures. The current obessession with implementing DEI policies has all of the hallmarks of how socialist measures undermine a private property order.
State-sponsored fiat money has been the norm for more than ninety years, but its very instability makes it vulnerable to a regime of sound money.
Colleen Hroncich Jennifer Wolverton calls Log Cabin Schoolhouse an “accidental startup.” An engineer by trade, she became a homeschooler after discovering that one of her kids was dyslexic. With her engineering background, she was soon the math teacher for all of their friends. When COVID-19 hit, “We went
Patrick G. Eddington I can safely say I was far more intimidated by having to prepare for my job interview with David than I was preparing for a series of interviews to get the job with the CIA. Facing someone with a towering intellect will do that to you. I’ll
Neal McCluskey I worked with David Boaz for more than twenty years—indeed, for several years he was my direct boss. Like perhaps everyone who has known and worked with David, I was somewhat in awe of him throughout that time, struck by the immense dedication with which
Oil prices have weakened in recent weeks despite the war in Gaza and rising geopolitical risk. This points to overall economic contraction.