Ruchir Sharma, a non-Austrian, gets it right. He lends strong support to the Austrian position that because competition moves resources to where they best fulfill consumer demand, the government must not interfere with this process by bailing out businesses that fail.
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While the Washington political establishment demonizes Russians for the invasion of Ukraine, our political elites should look in the mirror. Washington played a major role in provoking this conflict in its attempt to restart the Cold War.
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Fifty years ago today, December 10, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.
While the US dollar still is the world‘s “reserve” currency, its abuse by the Federal Reserve and federal government has weakened it precipitously. While President-elect Trump recognizes the threats to the dollar, is he willing to do what needs to be done to change the situation?
Progressives are openly cheering the murder of the CEO of UnitedHealthcare. However, it was progressive legislation that created this healthcare crisis in the first place.
With an understanding of ideological battles, opponents of the Left can never hope to move beyond fighting a haphazard, rearguard defense against an ever-growing menace.