While storied to some, and archaic to others, no one can deny the long history of the subsistence fund in the lineage of economic thought. It was utilized by nearly all the classical economists including Adam Smith, David Ricardo, and John Stuart Mill. As the years have progressed, however, the…

The concept of “time preference” is crucial to the study of economics. The concept itself — of preferring present satisfaction to future satisfaction — is not just a common feature of human psychology, but ingrained in the Praxeological framework of the human mind. Human beings act; they utilize means for…

Is there a Libertarian right to secession? The majority of Libertarians would answer in the affirmative. Moreover, Libertarians have historically been supportive of secessionist movements all over the world, including many current secessionist or secession-lite movements, such as “Brexit” in the United Kingdom and the “Texit” or “Cal-Exit” movements in…

On January 11, 2023, Michael Malice hosted a debate on his podcast “Your Welcome” between Curtis Yarvin and Dave Smith. The subject of the debate was Libertarianism. Smith argued for and Yarvin argued against. I found the debate very thought-provoking, especially given that Yarvin has the perspective of being a…

Carl Menger was the founder of the Austrian School of Economics, one of the central figures of the Marginal Revolution, author of “Principles of Economics”, and one of the foremost European scholars of his day. What follows is the story of how he (indirectly) started World War I. Very early…

One of the foremost arguments in favor of the existence of the state is the consequentialist argument. This argument posits that the state’s actions in society are justified because they make society a better place — or in more proper terms — increase society’s total welfare. …

Over the course of 2022, I read approximately 37 books. I say approximately because it is completely possible (and completely probable) that there’s one or two that I read this year but forgot about, or incorrectly assumed I had read it in a previous year. Regardless, below is a short…

If you thought you still had time before our robot overlords would arrive, I am saddened to report that you are mistaken. They are here, and its name is Chat GPT. There’s been various forms of AI — most of them quite gimmicky — that have been available to the…

One of the least-examined topics in the realm of Austrian Economics is the category of Thymology. As a frame of reference, searching “Praxeology” in Google Scholar yields 16,800 results, whereas searching “Thymology” yields only 477. Even its originator, Ludwig von Mises, wrote about Thymology only sparingly. In Theory and History…