McClure, Thomas, and Horowitz Continue to Wow – Application of Sequestered Capital Theory to 1929 Crash

In one of my prior posts, “Austrian Alert” I highlight an application of sequestered capital theory written by the authors as a way to fill in the gaps of Hayek’s struggle with Austrian Business Cycle Theory. Here, we have a paper by McClure, Thomas, and Horowitz further applying their theory to better make sense ofContinue reading “McClure, Thomas, and Horowitz Continue to Wow – Application of Sequestered Capital Theory to 1929 Crash”

Life, Liberty, but What About Property?

No, it’s not trendy in this particular day and age as a fundamental basis for good society, but here’s the thing: I unabashedly love property rights and their institutions. Of all the foundations that have made up free and prosperous societies in the past, whether you cite Democracy, Liberty, Equality, or what have you, IContinue reading “Life, Liberty, but What About Property?”