The US Cuban embargo continues, to the detriment of both countries. Not surprisingly, Murray Rothbard had strong opinions on the embargo, as he believed that US policies not only were self-defeating, but were outright harmful.
Category:
World News
Patrick Newman reviews The Gold Standard: Retrospect and Prospect.
David Gordon reviews Binyamin Appelbaum’s The Economists’ Hour. As a criticism of the free market, the book is a manifest failure.
Joseph Salerno reviews Ulrich Hintze’s Banking and Monetary Policy from the Perspective of Austrian Economics.
Paul Gottfried reviews Ulrich Hintze’s Theoria Generalis: Das Wesen des Politischen.
Bob Murphy reviews The Gold Standard: Retrospect and Prospect.
For all of the talk about the need for “limited government,” we should always remember that the government has a legal monopoly on violence, and it uses that legal privilege often.
Even if all the practical challenges could be overcome, social economic calculation and planning are still impossible from a computation-theoretic point of view.
Rate cut to “stimulate” jobs? Powell: “while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.”
Though progressive reformers were met with mixed success, the theoretical shift away from natural rights left a lasting legacy in the American political landscape.