• Articles
    The Fed Vastly Expands Moral Hazard

    This definition of moral hazard from Wikipedia is quite satisfactory: “Moral Hazard occurs when a party insulated...

  • Articles
    That Which is Seen, and That Which is Not Seen

    I. THE BROKEN WINDOW Have you ever witnessed the anger of the good shopkeeper, James B., when...

  • Blog
    The ECB pushes Greece closer to the cliff

    Please, click here to read this article in pdf format: march-04-2011 There are times when we wish...

  • Blog
    Whether Hayek Should Have Been an Anarchist

    Among the great thinkers in the Austrian tradition, Friedrich Hayek lies on that part of the continuum which is most tolerant of the government’s role in society. Ludwig von Mises was willing to live with a minimal government restricted to the safeguarding of personal security, life, and property. Murray Rothbard believed that the state was not necessary to perform these...

  • Articles
    The Legacy of Marx

    The Freeman – March, 1986 A number of women (and men) have recently been contending that women...

  • Blog
    America Update: Ron Paul Wins CPAC Strawpoll

    For those concerned with Liberty abroad, here’s a few things that happened in our neighbouring country to...

  • Blog
    What Will It Take?

    Canada’s real GDP grew 3.1% in 2010. According to a poll tabulated by The Economist magazine, the Canadian economy is expected to grow at a 2.6% rate in 2011. Inflation is currently running at 2.3%. Canadians are indebting themselves at unprecedented levels. Even by the orthodox standard provided by the Taylor rule, the central...

  • Articles
    The Fallacy of “Intrinsic Value”

    June 1969 • Volume: 19 • Issue: 6 • The Freeman If people value something, it has...

  • Articles
    What Economics Is Not

    The most common misunderstanding about economics is that it is only about money and commerce. The next...

  • Blog
    The strong Euro and the unstable China

    In our last letter, we wrote that we were finding the market action inconsistent and that we wanted to walk to the sidelines. Well, we wanted, but the market didn’t let us, for we had to get back to stocks and gold, given the strength shown, albeit with less leverage. We were...

  • Blog
    Renaissance Commerce and Culture

    I am just back from Italy (which is why I have not been blogging regularly of late), where I was scouting for a study tour that I will be leading in May. The theme of the tour will be Renaissance Commerce and Culture. Naturally, then, I was on the lookout for anything with a...

  • Articles
    Capitalism, Happiness, and Beauty

    The following was excerpted from The Anti-Capitalistic Mentality Critics level two charges against capitalism: First, they say,...

  • Articles
    Action Aversion

    If I just straight out told you that there is a model within the conventional economic theory...

  • Blog
    Why gold and oil sold off yesterday

    Please, click here to read this article in pdf format: february-25-2011 It’s the end of the month and the animal spirits nervously want to take profits on a good February. Before we start today’s letter, we want to clarify our view with respect to the impact of the developments in the Middle...

  • Articles
    The Practical Science of Austrian Economics

    The Austrian Economics Newsletter – An Interview with Thomas J. DiLorenzo Winter 1999 Volume 19, Number 4...

  • Articles
    Competing Currencies: The Gold Standard of Monetary Systems

    Discussions regarding monetary policy and currencies in particular will often include some talk of abandoning fiat currencies...