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...
What we live under is a heavily regulated, managed and controlled interventionist-welfare state that operates not by free-market competition but political cronyism.
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.
At the end of the day, the balance of payments always balances.
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...
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?
Introduce government intervention into the market system, and monopoly becomes a social harm and an economic problem.
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.
How Trade, Property, and Rule of Law Ended Primitive Life.
The world of plunder can be replaced with a community of free people pursuing mutually beneficial peaceful production.
The Best Short and Long Run Policy: Limited Government
Capitalism has brought about growing prosperity for the human condition while cultivating a more polite society.
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.
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?
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 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.
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.
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.
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...
A specter continues to haunt the world, the specter of Karl Marx. Two hundred years ago, on May 5, 1818, the father of twentieth century totalitarian communism, the guidebook writer of revolutionary mass-murdering dictatorship, and the inspirer of disastrous socialist central planning was born in Trier, Germany.
The “untouchable” entitlement programs at the heart of the current debt crisis are the outgrowths of the redistributive programs introduced by or greatly expanded during the presidency of Lyndon Johnson.
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