For anyone interested in the debate about taking “G” out of GDP, see my new paper that I’m presenting Mises Institute . It discusses how Simon Kuznets, pioneer in GDP, had strong doubts about how to include government spending and why bureaucrats wanted it in. papers.ssrn.com/sol3/papers.cf…

If you want to read about Murray Rothbard’s “Science of Liberty,” see my new paper. I describe Rothbard’s political economy—the theoretical foundations of liberty, empirical illustrations of liberty, and his strategy for achieving liberty. papers.ssrn.com/sol3/papers.cf…

Thank you! History is crucial to understanding the present.

My AERC memorial lecture Mises Institute explains how the executive can dismantle the Deep State. Trump and future presidents can use the Jacksonian playbook (vetoes, exec. orders, and rotation in office). It’s the most successful strategy in American history. youtu.be/6WaMmQRGHQc?si…

When we look at American history, the most “libertarian” presidents (Eg., Van Buren, Tyler, Cleveland, Harding, Coolidge, etc.) generally acted like Jacksonians, either through vetoes, executive orders, or rotation in office. Congress has never really spearheaded reform.

Always a pleasure to go on the #HAPod with Robert P. Murphy! For anyone interested in more detail about the history of government spending in GDP statistics, see pp.10-18 of my working paper: papers.ssrn.com/sol3/papers.cf…

Many thanks to the Institute for the Study of Free Enterprise at OSU for inviting me to speak this week. Students really seemed to enjoy the talk “How Executive Power Can Dismantle the Deep State” and my presentation on Cronyism II. Great discussion and Q&A from the students.

According to Bettina Greaves, Mises considered Friedman to be one of the most dangerous men in America—next to Paul Samuelson. He thought Friedman was an inflationist who didn’t understand the short and long run nonneutrality of money. Doherty, Radicals for Capitalism, 467

The effects of the Progressive Era (more accurately called the Corporatist Era) are still with us—reduced innovation, sticky prices, and lower quality products.

Thank you! I have been tremendously influenced by Murray Rothbard’s work in economics, history, and political strategy. Rothbard thought that they formed the basis of a unified Science of Liberty. For more, see the recent paper I wrote: papers.ssrn.com/sol3/papers.cf…

Are you a student interested into Austrian economics and libertarianism? Then go to Mises University! It is an unrivaled educational experience and networking opportunity. It is not too late to apply--the deadline is May 23rd. Mises Institute mises.org/events/mises-u…

Everyone should read Rothbard's great book The Progressive Era (Mises Institute). It is very relevant for understanding the origins of today's political-economic system. See also my own book, Cronyism: Rise of the Corporatist State, 1849-1929, which will be released later this year.

Did the Marshall Plan save Europe or enrich crony capitalists? Patrick Newman discusses how corporate welfare, hidden deals, and corruption shaped postwar policy, with effects still felt today.

Check out my presentation. I argue that Assistant Secretary of State William L. Clayton profited by shipping cotton to Marshall Plan recipients through his firm Anderson, Clayton & Co. ACC shipped a tremendous amount of cotton to the corrupt Nationalist government in China.

Great WSJ article about how technology makes obsolete the menu cost argument for sticky prices. It explains how competition encourages businesses to cut prices when demand declines and how the fear of regulatory threats disincentivizes them from raising prices when demand surges.

Highly recommend Rothbard’s What Has Government Done to Our Money? for anyone who hasn’t read it. It is a true eye opener about the nature of money and the detrimental effects of government intervention. You will never think about money in the same way!!