The Secret Economic Theory Behind the $100,000 Birkin Bag
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.”
One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However,
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.
So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don't
There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are
Even though the Supreme Court supposedly banned affirmative action for college admissions, federal law still requires certain outcomes with regards to race,
The ‘Fog of War’ is the strategic message that Russian President Vladimir Putin aimed to signal last week to President Biden, Ukrainian
The Biden administration is expanding coverage of anti-obesity drugs such as Ozempic and Wegovy for people with Medicare and Medicaid through a