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May 3, 2017May 3, 2017 in News

Sen. Rand Paul on $1 Trillion Spending Bill: “Are Democrats Still the Minority Party?”

Sen. Rand Paul (R-KY) is angry yet again at the conniving nature of his own political party. Congressional Republicans unveiled their omnibus spending bill this week, which appropriates over $1 trillion dollars in new spending. This gives a huge political victory to the Democrats, Paul claimed in his Breitbart op/ed published Tuesday. “You’ll see it in the news as an “Omnibus spending bill,” when it should really be called “the Status Quo Protection Act.” President Hillary Clinton would have been proud of this bill,” Paul said. “It tosses out campaign promises as it continues to fund the military industrial complex and… Keep Reading

January 15, 2015April 3, 2015 in Economics

Hayek, Statistics, and Trade-Cycle Theory

Austrian economics is often caricatured and criticized because of its approach, or deliberate lack of an approach, to mathematical models, multivariable calculus, and econometrics. Attacks are leveled against Austrians such as Mises, Rothbard, and Kirzner for their failure or refusal to avail themselves of applied empirical research in their scholarship. The Austrian methodology most frequently targeted is praxeology. It is not the purpose of this short article to refute these attacks or to explore their errors and merits. That has been done ably by others (see, for example, the series of debate-essays available here, here, here, and here). Nor does… Keep Reading