Legal SystemU.S. History
In the early years of the United States, legal systems were far more localized and flexible. But elites preferred consistency over flexibility, and the rich could afford the more bureaucratic legal institutions that ordinary people could not.
In last weekend's election, Swedish voters appear to have handed more power to a populist party.
Booms and BustsMoney and BanksMoney and Banking
Selgin thinks fractional reserve banking critics are akin to "flat-earthers", but he gets some important points wrong.
Even a degenerate capitalism produces more prosperity than the best socialism. Therefore, the task ahead cannot be to remove capitalism in favor of socialism but to make capitalism better.
BiographiesHistory of the Austrian School of Economics
Money and BanksMoney and Banking
John Law's disastrous Mississippi Company bubble can still instruct us today.
The government's near-monopoly on education services has destroyed innovation and choice. Meanwhile, little is gained from relentless increases in spending.