A Brief History of Tariffs and Stock Market Crises
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.
Time and again, we are reminded that obtaining a high-ranking position in the US regime means having access to a special kind of “justice” reserved to allies of the technocracy’s permanent government.
12/02/2024 By Erik von Kuehnelt-Leddihn Originally published in the Mises Institute’s Studies in Classical Liberalism series in 1999. The text of this essay is available at https://mises.org/essays-political-economy/cultural-background-ludwig-von-mises What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international … Read more
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Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.
In What Has Government Done to Our Money? Murray Rothbard changes your whole view of the world—not just money.
Walter Block has attempted to reconfigure libertarian thinking in regards to self-defense. Unfortunately, his theories are illogical, Orwellian, and conflict with Murray Rothbard‘s clear thinking on the issue.
Bob reacts to Bryan Caplan’s current views, arguing that the history of economic thought is indeed important, and the Misesian approach to praxeology is crucial.
The election of Donald Trump has revived debate about tariffs and their effects. Austrian economists point out that the damage tariffs impose is not limited to increasing consumer prices. They also create major distortions in the markets.
We hear of many schemes to promote government “efficiency.” The problem is that the very nature of government makes “efficiency” impossible.