How socialist Minimum Wage laws create a Human Zoo

March 26, 2014






What happens when the wage floor is artificially raised by the people holding the guns, is that if it goes above what the natural free market has already set as a floating wage floor in any particular industry, then more people become unemployed. A simple reading of Henry Hazlitt’s ‘Economics in One Lesson’ makes this […]




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Philipp Bagus: The Tragedy of the Euro

March 26, 2014






The world centre of gravity of the Austrian Economics movement has long been the United States, especially since Ludwig von Mises arrived there on August the 3rd, at the age of fifty-eight, in a turbulent 1940. The 1998 Spanish publication of Money, Bank Credit, and Economic Cycles, by Jesús Huerta de Soto — followed by […]




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Jörg Guido Hülsmann: The Ethics of Money Production

March 20, 2014






In these times when even the president of the World Bank can be caught whispering about a return to some form of gold standard, it becomes necessary for us to examine whether we can trust a nascent world government to provide us with sound money alongside an honest financial system. That is why it is […]




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Jesús Huerta de Soto: Socialism, Economic Calculation and Entrepreneurship

March 20, 2014






There are three books that take pride of place in my Austrian bookcase. These are Socialism, by Ludwig von Mises; The History of Intellectual Thought, by Murray N. Rothbard; and Democracy the God that Failed, by Hans-Hermann Hoppe. In my own mind these books glow when I look at them, up there on the shelf, […]




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Eugene Richter: Pictures of a Socialistic Future

March 19, 2014






If someone gave me a gold sovereign for every time in my life I had heard a variation on the following phrase, then in the words of Private James Frazer, from Dad’s Army, I would now be an extremely wealthy man. Here’s the general phrase that you may have heard too: “Socialism is a great […]




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Murray Rothbard: What Has The Government Done To Our Money?

March 18, 2014






In the classic David Gordon joke, the world’s shortest book is perhaps Your Duties to Other People, by Ayn Rand. Murray Rothbard’s classic on money is slightly longer than that, but it is still a very quick read. Broken down into three main sections, What Has The Government Done To Our Money? is a breathless […]




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The Cure for Socialism

March 5, 2014






I was asked a curious question the other evening, about how it is possible for someone to be a hard-core Stalinist socialist one day, and then a hard-core Austrian anarcho-capitalist the next. Well, it’s very rarely an overnight thing. However, there are cases where such people have been instantly transformed simply by reading Human Action, […]




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Murray Rothbard Lecture Series: Introduction to Economics

March 4, 2014






For an excellent introductory course to economics, by the late great Murray Rothbard himself, recorded on a Toronto student’s tape recorder back in 1983, I thought I might put together the following list of resources. Alas, the sound quality is what you might expect, and there are one or two students in the room who […]




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When was the last great statist movie?

March 3, 2014






I’ve been struggling all morning to think of the last time I thought ‘That Movie was Great!’ and the movie in question was actively promoting collectivism or statism – And I am including the entire adult period of my life when I read ‘The Guardian’, declared myself to be a Marxist, and worked within the […]




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A little light Nietzsche: Thus Spake Zarathustra

March 2, 2014






A superb quote from The New Idol, by Nietzsche: My highlights: Somewhere there are still peoples and herds, but not with us, my brethren: here there are states. A state? What is that? Well! open now your ears unto me, for now will I say unto you my word concerning the death of peoples. A […]




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