Austrian economics properly understands the ability of commercial banks to create money by mismatching their depositor liabilities with their issuing of money substitutes (i.e., the creation of credit). One possible place for further exploration is the role that nonbank or foreign financial institutions play in the creation of credit and …

There has been a notable escalation in maritime tensions between Iran and the United States in the vicinity of Iran’s southern coastlines. In recent years, the Persian Gulf and the Strait of Hormuz have been the sites of several incidents involving attacks on tankers. These occurrences have often taken place …

Two young Muslims [ages 15 and 16] living in Austria recently confessed that they would like to “kill Christians” and “restore the caliphate.” “Killing Christians takes us to paradise.” — The boys’ reply in court. As in other European nations, sex crimes — including against young boys — have skyrocketed …