Out of Touch
President Obama is in an interesting position. For the fifth straight week, between 38% and 41% of Americans oppose health care reform. However, as we found out last night when the Senate voted on ending debate over the bill at 1 am EST, a whopping 60% of our elected representatives favor [...]
Is capitalism in peril?
Is capitalism, as Keynes and his few but loyal followers suggest, subject to an inherent instability? Did the “deregulation” of the Bush years cause the bubble that was toxic enough to jeopardize the global economy? Jeffrey Friedman, who recently wrote The Causes of the Financial Crisis, seeks to answer these [...]
“This, then, is freedom in the external life of man that he is independent of the arbitrary power of his fellows. Such freedom is no natural right. It did not exist under primitive conditions. It arose in the process of social development and its final completion is the work of mature Capitalism.”
This is Chandler Waits’ first post on The Austrian. Chandler is working on his undergraduate degree in Economics and Spanish from Auburn University.
Waking Up To Smell The Roses
This morning I had the good fortune of reading an op-ed by New York Times columnist Bob Herbert. The title reads “Safety Nets for the Rich.” The author, [...]