F.A. Hayek coined the term spontaneous order to point out that the prosperous societies are also societies where people are free to pursue their own goals. The result is, ironically, harmony that cannot come about through central state planning.
Category:
World News
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States know that treason and sedition laws are about much more than matters of law and order. They are essential components of enhancing state power.
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On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.
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Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
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Bolivia has been mired in poverty, hyperinflation, and state control of the economy for generations. It is time for a change, and the Alasitas Fair is leading the way.
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Will the commercial real estate market become a casualty of the Federal Reserve’s tsunamic monetary and interest rate policy?
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The decades of American and European intervention in Africa are coming to an end, and things are even worse for American interests there. Perhaps overthrowing governments and trying to dictate political outcomes wasn’t a good idea.
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What are property rights and how do we define them? The late Butler Schaffer argued that they come from natural rights and our “will to own.”
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The Fed doesn’t want to admit that new federal debt is significantly higher than private sector demand, and the Fed is more concerned about a bond market meltdown than price inflation.
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Murphy gives a comprehensive critique of Stephanie Kelton’s new Modern Monetary Theory documentary, covering the flaws in its theory, history, and policy recommendations