Intellectual freedom cannot exist without political freedom; political freedom cannot exist without economic freedom; a free mind and a free market are corollaries. – AYN RAND
In Aristotle, we find a more subtle and sophisticated understanding of some economic themes than in Plato. While Aristotle’s answers were incomplete and often misdirected, as well as incorrect, he at least was among the first to ask the types of questions that centuries later became part of the heart of economic analysis and understanding.
We should thank billionaire entrepreneurs like Jim Pattison and patronize their businesses – not attack them.
The dollar’s lost half its value and the price of gold exploded since our author first warned that politicians are ruining our purchasing power.
The Real Risks of Owning Gold (and Why It’s Still Worth Owning)
One of the reasons businesspeople dismiss moral principles is that they see them as burdensome duties to benefit others by sacrificing one’s own interests.
All the rest of Austrian economics follows from these basic insights.
what a good has cost to produce cannot directly determine its value, What it will cost to produce determines how much of it will continue to be made
That deposit insurance wasn’t the only way to keep a banking system from collapsing was evident enough in 1933 from other countries’ experiences.
Combine an incompatible culture with socialist leadership in our government, and fraud is the result.
As a longterm “stacker”(saver) I am not selling my silver metal or mining positions. In my estimation the upside-to-downside risk ratio is still very positive.
Peter Thiel has it wrong. We don’t have capitalism but a statist mixed economy where statism is, and has been, the cause of the economic struggles of the Millennials.
Like most political quick fixes, it is an economic prescription guaranteed to harm the very individuals it claims to protect.
By the “benevolent nature of capitalism,” I mean the fact that it promotes human life and well-being and does so for everyone.
Trade policy, with all its consequences, belongs within the limits Congress established, not at the discretion of one officeholder.
Throughout modern history, the story of gold has unfolded in cycles — crises, recoveries, and rediscoveries. But what’s happening now is not just another rally driven by inflation fears or a nostalgic nod to the 1970s. It’s the beginning of a structural reset — one...
To be clear, Trump is not pursuing traditional socialism, where the means of production are owned by the state. Nor is he trying to copy exactly China’s state capitalism—but he is applying its methods with what the Journal calls “American characteristics.”
Even Bitcoin’s mysterious creator, Satoshi Nakamoto, knew of Bitcoin’s shortcomings.
The philosopher Ayn Rand once explained that the purpose of a definition is to distinguish a concept from all other concepts by identifying its most fundamental characteristic. That’s what makes the concept unique.
Let’s celebrate the important value of work on Labor Day—and demand that our governments stop killing jobs through their taxes, climate action plans and regulations and let people invest, trade, and work freely.
All eyes on Jackson Hole this week as the Fed tackles inflation.
Are principles and profits really in conflict?
There is no subject that more urgently needs to be understood in the world today than economics. Our well-being, indeed, our very lives, depend on the production of wealth.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, was based on a mistaken belief that the 2008 crisis stemmed from unregulated financial markets. It spawned hundreds of separate rulemakings and was the most extensive financial regulatory bill since the 1930s.
The monetary central planners can never be more successful in determining a “optimal” quantity of money or the “right” interest rates to assure savings-investment coordination than all other socialist planners were when they tried to centrally plan agricultural production or investment output for an entire society.
Globalization is the process of bringing the entire world into the system of division of labor and thus into the system of social cooperation, of which division of labor is the essence. Its completion will mark the highest level of division of labor and social cooperation that it is possible for human beings to achieve, given the size of the world’s population.
How profits are distorted by forcible government interference in the form of inflation and credit expansion, in ways that directly explain both the stock-market boom of recent years and today’s stock-market bust.
Is the DOJ finally done playing games with the economy?
Politicians who support tariffs and other forms of government intervention in the economy frequently emphasize reshoring, trade deficits, cheap imports, and national security, but they rarely talk about consumers.
The Industrial Revolution has allowed mankind to improve his environment.
Most successful entrepreneurs become rich, not because of luck or having been handed extraordinary opportunities, but because they have worked productively.
The best policy is the full and uncompromising policy of free trade, regardless of what and how other governments interfere with and try to manipulate the exports of their own country.
The federal government does countless things that increase prices for pharmaceuticals. If Trump wants to reduce drug prices, there are several steps he can take and steps that he should push Congress to take. Price controls are never the answer.