Rothbard Never Abandoned His Principles

People have rallied and rioted outside American embassies across the globe. 22 people were killed in Pakistan.  Several people attempted to storm the consulate in Karachi on Sunday morning. At least ten people were killed by gunfire while attempting to breach the diplomatic building. It is unclear if Pakistani security forces or American troops opened […]

Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock Submitted by Thomas Kolbe Politics has established a new routine. Right at 12 noon, prices at German gas stations now rise day after day. The government’s pricing decree, a hastily assembled mechanism, acts like an accelerant in an already dramatically strained fuel supply situation. Anyone with rudimentary economic understanding already knew that this form of price regulation would amount to political posturing with fatal consequences. The market is reacting as expected. Gas station operators anticipate general price increases and indirectly...