Category Archives: Austrian Economic Theory

Bernie Sanders and the Fixed Pie Fallacy

More for some does not mean less for others No point in forwarding this to your libtard friends. They are not going to believe it no matter what. The same goes for any Keynesian Economist friends you might have. — … Continue reading

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The Speech Pope Francis Should Have Given

 But, sadly, did not Francis is a Marxist. That’s why the media et al are wringing their hands and wetting their panties over him. — jtl, 419 by Lawrence W. Reed from the Foundation for Economic Education   Pope Francis, Address … Continue reading

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There Is No Such Thing as “Settled Public Policy”

 Of course, you don’t have be the world’s biggest cynic to see why those who use this phrase use it in this context. It’s merely a political tactic — because its practitioners know politics trumps law — to shut the … Continue reading

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Reliving the Crash of ‘29

 A half-century ago, America — and then the world — was rocked by a mighty stock-market crash that soon turned into the steepest and longest-lasting depression of all time. Keep in mind that Roghbard was writing in 1979. Anyhow… I … Continue reading

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“Don’t Cry For Me, Argentina”

 America was launched on this path 150 years ago by Lincoln’s War of Aggression. We are now at the point of no return. Think secession! (right down to the individual household level). — jtl, 419       FOLLOW FLYOVER PRESS … Continue reading

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Did You Pay Your “Fair Share” on Tax Day?

Top 20% of Earners Pay 84% of Income Tax.” In fact, the top 1 percent of American earners earn about one-sixth of total income, but pay nearly as much in income taxes as everyone else combined. And these are the … Continue reading

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A Lack of Freedom Is Destroying the Middle Class, Not Chinese Competition

Eventually we are advised … China’s wages and benefits will catch up to the West’s and then it will not be such a formidable wage competitor. …there is another solution…Get rid of Western (domestic) legislative and judicial manipulations that have … Continue reading

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The War on Cash

Here are two articles for today dealing with the Western governments’ “War on Cash.” You might as well go ahead and have your “Mark of the Beast” (your SSN) tattooed on the inside of your forearm.  — jtl, 419   Fighting … Continue reading

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Private Enterprise versus Free Enterprise

I frequently say that George Orwell was an optimist. Our cultural, social and economic destroyers have twisted and tortured the language until up is down, black is white, and ignorance is brilliance. We must take care to use the language … Continue reading

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Why the Government Hasn’t Yet Managed to Destroy the Economy

Markets are like weeds. They are impossible to stamp out. Markets emerge wherever and whenever there exist opportunities for individuals to gain through exchange. But not all markets are equal. Market exchanges in the absence of property rules take place, … Continue reading

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