Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.

Everyone wants to protect children and what better way to do that than having labor laws that keep young children out of the workplace. But the benefits to children are not as cut-and-dried as labor law supporters would have us believe.

One of the unique features of Austrian economics is a coherent and consistent theory of business cycles. To understand business cycles, one must understand the role that interest rates play in the economy.

Everyone wants to protect children and what better way to do that than having labor laws that keep young children out of the workplace. But the benefits to children are not as cut-and-dried as labor law supporters would have us believe.

As reality tells us that federal spending needs to be cut drastically, that means that local projects will need to be funded by states and localities, which means deficit spending is not an option.

As reality tells us that federal spending needs to be cut drastically, that means that local projects will need to be funded by states and localities, which means deficit spending is not an option.