Power & Market

On May 28th, the 10th annual Austrian Economics Meeting Europe will be held at Western Catholic University in Angers, France. 

The ongoing destruction of the world’s largest natural-gas reservoir at South Pars and Qatar has produced exactly what Austrian economics predicts: sudden, irreplaceable capital destruction followed by a violent supply shock.

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From the 2026 Libertarian Studies Conference

The problem is not the inefficiency of a conscript army; the problem is the gross immorality — indeed, the massive criminality — of drafting young men ... to kill or be killed against their will.

Home prices and rents have risen sharply over the past several years, leaving many families struggling to buy or rent a place to live.

Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. 

Ryan McMaken is interviewed by John Stossel for this interview about what we can learn from Mises and Hayek.

“War is the health of the state.” That phrase, coined by Randolph Bourne, explains why opposition to war is a priority of many libertarians.

Critics of markets often argue that capitalism systematically fails consumers.

In Austrian economics, judgment refers to decision making under uncertainty. Given that we live in a world of uncertainty, all of us use judgment when choosing what actions to perform.