Central Planning is the Root Cause of Economic Chaos
The free market is often ridiculed as “chaos” because its activities are not controlled or planned by any central body. But history tells us that central planning is the true harbinger of chaos.
Category: LAW & ECONOMICS
The Cultural Consequences of Inflationary Money
As inflation diminishes the value of our monetary savings, we are pushed into short-termism, risky investments and the increased need to control the behavior of others.
How Government Spending Destroys Wealth
The greater the amount of projects the government undertakes, the more real wealth is taken away from real wealth producers.
Even the Leftist EPW Admits : Modi’s “Make in India” Tariffs are Idiotic !
It is not often that we at the ILR get the pleasure of agreeing with socialists from the left or the right, but this one takes the cake !
[Video] Steve Jobs vs Steve Wozniak : difference between invention and innovation
Why do some inventions change the lives of the people while others are abandoned and forgotten even if they are brilliant? Learn Austrian Economics in a fun way!
[Video] What is the Difference Between Capitalism and Socialism ?
To understand the effects of State interventions we have to first understand state what capitalism and socialism really are. Learn Austrian Economics in a fun way!