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War and Foreign PolicyWorld HistoryHistory of the Austrian School of Economics
WWI symbolized the triumph of militarism and nationalism over the all-too-brief flourishing of liberalism — and also sowed the seeds of fascism, socialism, and the Second World War.
The Dutch Republic transformed the fervor of predestination into faith in personal destiny — and the singularly capitalistic means of getting there.
Taxes and SpendingWorld History
On the 71st Anniversary of the Marshall Plan, let's recall that international wealth redistribution schemes don't work any better than domestic ones.
Global EconomyWorld History
It takes a lot of verbal acrobatics to conclude that Venezuela's woes are not due to it's extensive implementation of the socialist program.
Money and BanksWorld HistoryMoney and Banking
Today the world's oldest central bank turns 350. In a just world, this anniversary would instead be an opportunity to end this monstrous experiment.
Implementation of Marx’s ideas make nobody happy, other than spoiled millennials who aren’t suffering under it.
Capitalism doesn't have to be implemented in a "pure" form for its benefits to be realized. Meanwhile, socialists must make excuses for repeated failures.
Under the "Hindenburg Program," economic and industrial interventionism became absolute in Germany. Thus the ideal of "total war" was realized.
World HistoryHistory of the Austrian School of Economics
The real founders of economic science actually wrote hundreds of years before Adam Smith.
China's new "Silk Road" for international trade is an important component in the regime's larger geopolitical strategy.