Withholding Consent from the Khan
Rather than utilize the suspicious paper chits issued by the Khan’s local governor, Tabrizian merchants refused to transact or trade; tents in bazaars stood empty.
Other Schools of Thought
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Minimum-Wage Rates
The market wage rate tends toward a height at which those eager to earn wages get jobs and those eager to employ workers can hire as many as they want.
Misrepresenting Inequality
Advocates for ever-more redistribution rely on seriously incomplete and misleading measures.
The Concept of a Perfect System of Government
The concept of the perfect system of government is fallacious and self-contradictory.
Is the United States in a Liquidity Trap?
To suggest that people have an unlimited demand for money is not realistic, given that people require goods to support their lives and well-being.
The Education of an Austro-Marxist
Otto Bauer was not a born trailblazer, and one could not expect him to come up with new ideas. But had he not been a Marxist, he could have become a statesman.
The Liberation of the Demons
Lenin's seizure of power in October 1917 was certainly a turning point. But its meaning was very different from that which the communists attribute to it.
The Good Deficits
The Depression marked a turning point in American public policy. From this point on we hear no more about balanced budgets.
Daniel Patrick Moynihan and the Folding of the Ideological Spectrum
Whoever the president, whatever the party in power, Moynihan managed to land on his feet — and on top.
