MARKETS

Creating paper money does not create goods.

The basic ingredients for Hong Kong’s progress were not foreign aid and other handouts from Western nations but instead law and order and a free market.

When our government subsidizes home purchases, recklessness is invited.

Minimum and maximum prices are but two ways do-gooders handicap poor and discriminated-against people.

One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth. In the free market, consumers are the sovereign rulers who determine...

Monetary policy is actually putting the hurt on labor. Let’s look at why.

Minimum wage laws reduce employment opportunities for the young and the unskilled of any age.

One myth driving the irrational policies of central planners is the idea that a depreciating currency is good for a domestic economy.

Central planning creates the kind of inefficiency that brought down the Soviet Union. While Americans shopped in malls full of goods, Russians waited in long lines.

Knowing results alone cannot establish whether there is fairness or justice.

Falling consumer prices are good for the consumer and the economy, but they are bad for central banks looking to maintain asset bubbles and for governments looking for a graceful way to renege on their debts.