Austrian Knights

Michelle Muccio, the Rebel Economist has decided its time to say what we have all been thinking. We don't need a stimulus plan, just give us our taxes back. Watch the video and let me know what you think? If you like, send it to a friend and give us their take. Leave comments on the video, and best of all, let us begin again our economic lessons for President Obama.

On the Austrian Economists blog, Professor Pete Boettke at GMU's Economics Department responds to Obama's outlandish claims during his first Presidential press conference. Boettke is not known for his short blog posts, but a well said rebuttal it is. President Obama, GMU is a short trip on the Metro away. You should make it out to one of Boettke's classes; perhaps you'll learn a thing or two.

"All things are subject to the laws of cause and effect." - Menger This is not philosophy but truth on causation. Physics teaches us that energy is neither created nor destroyed. What do you think free market thinkers speak of when we discuss the market fluctuations? Whenever there is an interference within the market, it will have to react in order to re-stabilize. The more you interfere the more the market will have to fluctuate. What Obama does not understand, is that by the government not interfering within the market the individuals will not have halted. They will still be buying and selling. Their actions will be the cause that effects other's actions. This is how the market fluctuates. I would like someone to explain to me how this is philosophy, or does someone want to take the side of explaining how government action actually means individual citizens actions. We act with or without governments actions. Our actions do not need government involvement for them to a...

In the April’s issue of The Southern Economic Journal there is an article in which you can find the ranking of 129 schools’ Economics-PhD programs in the United States. The article ranks George Mason University Economics in the 41 st place in the overall ranking. (Not too shabby for a school that only a few know about, or know because of its success two years ago when the men’s basketball team made it to the NCAA Final Four). In specific categories Mason Economics rank very well. For example, 3 rd in Methodology and History of Economic Thought, 9 th in General Economics and Teaching, 11 th in Law and Economics, and 25 th in Microeconomics and Public Economics. This review is indeed great news for the faculty members at George Mason. It demonstrates that Mason is gaining momentum in the field of economics. However, I must stress what is missing in this review. I think that this review does not account for the opinions of student’s comments. A program of study ca...