The best solution would be if the British authorities followed a policy of laissez-faire.
Richard M. Ebeling
Dr. Richard M. Ebeling is the recently appointed BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. He was formerly professor of Economics at Northwood University, president of The Foundation for Economic Education (2003–2008), was the Ludwig von Mises Professor of Economics at Hillsdale College (1988–2003) in Hillsdale, Michigan, and served as vice president of academic affairs for The Future of Freedom Foundation (1989–2003).
Capitalism, Diversity, Equality, and Pluralism
Freedom and the free society are once again under direct attack by those who espouse far-greater degrees of government control over people’s lives. Wrapping themselves in the cloak of progressivism, “social justice,” and liberation from oppression and discrimination,...
Democrat Presidential Candidates Offer Various Flavors of Socialism
Another election cycle has begun, even though it is less than a half a year since the November 2018 congressional elections. Donald Trump seems unlikely to face a serious challenger for his re-nomination as the Republican candidate for president (unless explosive...
State Cronyism vs. Free-Market Capitalism
What we live under is a heavily regulated, managed and controlled interventionist-welfare state that operates not by free-market competition but political cronyism.
Individualism is the Enemy of All Forms of Collectivism
The philosophy of individualism is the foundation of a free society; it is the basis of a community of men that does not require or demand the sacrifice or enslavement of some for the one-sided benefits of others.
The Global Economy Needs Freedom for Peace and Prosperity
At the end of the day, the balance of payments always balances.
Books: The Nazi Connection: Eugenics, American Racism, and German National Socialism
In his 1910 textbook, Elementary Principles of Economics, world-renowned Yale Professor Irving Fisher devoted part of a chapter to “Population in Relation to Wealth.” Fisher warned of the problem of “race suicide” caused by the fact that the most industrious and...
Capitalism vs. Democratic Socialism
Indeed, democracy and freedom are frequently heralded as being synonyms. An important question, however, is, What do these concepts mean, and are they in fact synonymous?
Capitalism Prevents Harmul Monopolies
Introduce government intervention into the market system, and monopoly becomes a social harm and an economic problem.
Keynesian Aggregate Demand and Supply Derangement Syndrome
The fundamental flaw in Professor DeLong’s view, as in John Maynard Keynes’ 1936 book is the idea that there exists a macro-economy the two sides of which are composed of aggregate demand and aggregate supply.
Primitivism Versus Prosperity
How Trade, Property, and Rule of Law Ended Primitive Life.
Pro-Capitalist Ideas Can Reverse Out-of-Control Government Spending and Taxing
The world of plunder can be replaced with a community of free people pursuing mutually beneficial peaceful production.
The Bad Economics of Short-Run Policies
The Best Short and Long Run Policy: Limited Government
The Rise of Capitalism and the Dignity of Labor
Capitalism has brought about growing prosperity for the human condition while cultivating a more polite society.
Macro Aggregates Hide the Real Market Processes at Work
Government planners fail to “manage” market economies as the indicators they use are themselves false signals hiding from view the reality of the complex market system.
Free Markets vs. Democratic Socialism
Democracy and freedom are frequently heralded as being synonyms. An important question, however, is, What do these concepts mean, and are they in fact synonymous?
Interest Rates Need to Tell the Truth
In the middle of July 2018, President Donald Trump said in an interview that he was “not happy” with the Federal Reserve nudging up interest rates and threatening economic growth in the United States. At the recent Jackson Hole, Wyoming, meeting of global central bank...
The Best Response to Foreign Tariffs? Lower Your Own
The fact is, while the U.S. and the major European countries have emphasized the idea and benefits from free trade, all of these governments impose various types of tariff and other barriers to shelter selected sectors of their respective economies.
The Myth that Central Banks Assure Economic Stability
What is the fundamental issue is: monetary central planning – with its embarrassingly awful one hundred year track record with paper monies – or getting government’s direct or indirect hand off the handle of the monetary printing press.
Free Market Capitalism is the Humanistic Solution to the World’s Political and Economic Problems
What our world needs today is to transcend the collectivisms of the present, whether under more extreme authoritarian regimes or the seemingly milder spiders’ web of controls and commands of the interventionist-welfare state under existing democratic systems of government.
Tariff Wars (and the Fallacy of the Balance of Trade)
The world may be on the brink of a series of trade wars between the United States and both the European Union and China. All the parties say they don’t want this — though President has asserted that trade wars are not a problem and easy to win. That remains to be...
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