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You do not defend a world that is already lost. When was it lost? That you cannot say precisely. It is a point for the revolutionary historian to ponder. We know only that it was surrendered peacefully, without a struggle, almost unawares. There was no

I – Classical Economic Theory It is my goal to reconstruct some basic truths regarding the process of economic development and the role played in it by employment, money, and interest. These truths neither originated with the Austrian school of economics nor are an integral part

The Human Action Podcast wraps up the year with none other than the venerable Professor Paul Gottfried! This is our final show focused on the Old Right, the early 20th century political tradition which animated later libertarian figures like Murray Rothbard. How was this great legacy

Your gift will help us do more in 2022. With your gift of $25 or more, you will receive a copy of Hans-Hermann Hoppe's What Must Be Done. Recurring donors of $5 or more will also receive a copy of What Must Be Done and renew their Membership through 2022.

[Originally published in American Affairs, April 1948.] "Public money is like holy water. Every man helps himself." ~ Italian proverb As the hungry dollar devours its own purchasing power we may think we are going to find out what happened to the fabulous snake that swallowed itself. But

As a libertarian, I have long objected to being characterized on a left-right political spectrum (as with studies of political affiliations that group libertarians with republicans or conservatives on the right). In response to inquiries about where I fit in that framework, over the years,