Murray Rothbard passed away fifteen years before the passage of the Affordable Care Act, commonly referred to as “Obamacare.” Obamacare is a massive intervention in the economy with negative repercussions for many individuals (like yours truly!); however it is just the latest iteration in the cycle of government intervention into the medical industry in the past century. Of course, each intervention causes further problems in the industry and therefore more calls for government to “fix” said problems, leading to yet
Those that understand the Austrian school of economics continue to be proven right time and time again over their Keynesian counterparts. It would be difficult to find someone who has been more correct on predicting how the monetary movements of the Federal Reserve will affect the economy than Peter Schiff. On the heels of the famous “Peter Schiff Was Right” video, we now have “Peter Schiff Was Right: Taper Edition.” Check it out! Peter Schiff isn’t a psychic; he is right
Paul Krugman recently expressed to his readers what he believes to be his biggest mistakes: “Again, we all make mistakes. However, my own biggest mistakes have come either on issues where my models offered no guidance, like the economic impact of information technology, or in cases where I disregarded my models and went with my gut, like my overestimation of the impact of the Bush deficit.” Krugman’s biggest mistake is that he doesn’t understand his biggest mistake! You see, Krugman
There has been a lot of debate/chatter about Milton Friedman’s monetary views lately. Krugman has been putting in his inflated 2 cents in. You see it’s ok for “respectable opinion” to talk about Friedman’s monetary views until the cows come home. No harm can come of it. Today, Krugman today quotes Friedman from 1998: I think the Austrian business-cycle theory has done the world a great deal of harm. If you go back to the 1930s, which is a key
Tom Woods gave a very important (and entertaining) talk last night to kick off the week at Mises University, professing his man-crush (my words) for Austrian Economics. It’s 47 minutes, and 17 seconds of awesome, so I’ll shut up and send it to over to Tom… Receive access to ALL of our EXCLUSIVE bonus audio content – including “Conspiracy Corner”, “Degenerate Gamblers” and the “League of Liberty Podcast” by joining the Lions of Liberty Pride and supporting us on Patreon!
In order to properly communicate the ideas of liberty to others, it’s vital to be armed with a wealth of knowledge on history, economics, and libertarian philosophy. Fortunately for us, we have a wonderful place where we can learn all of this from some of the greatest minds in the movement over at the Ludwig von Mises Institute. Run by Lew Rockwell, Mises one of the greatest resources on the web for those serious about learning economics and liberty. I regularly
Despite having had their final showdown in Congress last year, the war of words between Federal Reserve Chairman Ben Bernanke and the champion of liberty Ron Paul continues on. Today Bernanke testified in front of Congress on the Fed’s bond-buying program. In his testimony, Bernanke stated that the Fed will continue it’s massive $85 billion-per-month bond-buying program, and assured everyone that the Fed is “targeting” a 2% inflation rate. From the testimony: Meanwhile, consumer price inflation has been running below the
Check out this clip of Lions of Liberty contributor Chris Rossini on RT’s “Prime Interest”, discussing business cycles and the Federal Reserve. Receive access to ALL of our EXCLUSIVE bonus audio content – including “Conspiracy Corner”, “Degenerate Gamblers” and the “League of Liberty Podcast” by joining the Lions of Liberty Pride and supporting us on Patreon!
I’ve been a lifelong television fan, and when I’m not busy ranting about liberty on the internet I even do some work in the television industry. Despite this, several years ago I “cut the chord” and ceased to have cable television flowing into my household. While it seems this trend is catching on a bit, at the time many of friends thought I was crazy. “How would I keep up with American Idol?” “How would I watch sports?” “How would
Confession time! One of my early influences when I first started “figuring things out” was Noam Chomsky. Chomsky, like the recently departed Gore Vidal, is great on foreign policy and criticizing the American empire overseas, but not exactly Murray Rothbard when it comes to understanding liberty or economics. Chomsky in the past has described himself as a “libertarian socialist” or “left-libertarian”, a concept which has eluded me. Liberty is a fairly straightforward concept – how there can be some form