What you are about to read was written just 52 years ago by Russell Kirk in response to the lack of understanding exhibited by American’s during the Korean war of the founding principles of our system of government. What Kirk has done in his excellent book, The American Cause, is lay out the vital principles [...]
Category Archives: Economics 101
There Is Little Understanding of American Political History and Philosophy
Posted in Economics 101 Tagged Free-Market Economy, Korean War, Political Freedom, Russell Kirk, The American Cause 1 Comment
Peter Schiff called “Extremist” by Time Magazine
Peter Schiff has been right because he is a solid student of the Austrian School of Economics. His views are solid and scientific. What is amazing here is the Time interviewer, as does everybody else, knows that Schiff has been right on his predictions about the collapse of the economy but still says that the [...]
When We Make The Case For Capitalism, We Are Defending The Political Principle Of Freedom
In an excellent article, by Janet Daley, entitled, “G20: If capitalism is ‘overthrown’, we’ll lose our political freedom,” Daley discusses the importance of understanding what is really at stake at the G20 Summit. “The question we are wrestling with now,” writes Daley, “– and which the G20 will certainly fail to resolve – is how [...]
Also posted in Democracy, Free Markets Tagged Democracy, Europe, free markets, Freedom, G20, Janet Daley, Socialism Leave a comment
Economic Freedom Is A Necessary (But Not Sufficient) Condition For Political Freedom: A Note From My Capitalism, Socialism, & Democracy Course
Posted by Dave Prychitko Considering both economic theory and the historical record, it is reasonable to believe that if a society tries to abolish the market economy it will find that it abolishes the wealth-generation and long-run growth that only a market system can provide, and, on top of that, it will become more undesirably [...]
On the Austrian Theory of the Trade Cycle, Part I
If you really want to understand the causes of the boom and bust cycles of our economy you need to study the Austrian schools, theory of the trade cycle. Donald Boudreaux, chairman of the economics department at George Mason University, does an excellent job of boiling it down, for the non-economist, into the basic concepts [...]
Peter Schiff Explains, In Plain English, The Economic Crisis And The Solution!
Once again, the man who got laughed at for the past 5 + years is giving sound economic advise to the pundits. This time nobody is laughing. By the way, he mentions two schools of thought, the Austrian School of economics and the Keynesian School of “economics.” Guess which one caused the “Great Depression?” And, [...]
Schiff : There is no Government solution, fire them All !!!!!!
If you have the stomach for straight talk regarding the economy and want to get a glimpse into where our economy is headed with current Federal Reserve policies then watch this video featuring Peter Schiff. BTW, Mr. Schiff predicted the current economic crisis in 2006. When asked on CNBC what two courses of action he [...]
