"[E]conomic relations constitute a machinery by which men devote their energies to the immediate accomplishment of each other's purposes in order to secure the ultimate accomplishment of their own, irrespective of what those purposes of their own may be, and therefore...
Economics
Economics and Everyday Life
"[T]he general principles which regulate our conduct in business are identical with those which regulate our deliberations, our selections between alternatives, and our decisions, in all other branches of life. And this is why we not only may, but must, take our...
TGIF: “You Didn’t Build That”
Remember Barack Obama's profound 2012 campaign speech about success? Here's part of what he said: There are a lot of wealthy, successful Americans who agree with me -- because they want to give something back. They know they didn’t -- look, if you’ve been successful,...
Whether the Interest Rate Rises or Falls, Inflation Is Here to Stay
In an economic landscape shaped by the aggressively rising prices of 2020-2022, the Federal Reserve's monetary policy pendulum swung dramatically. Starting from rock bottom rates, it engaged in a series of hikes the likes of which had not been seen since the early...
For Elon Musk’s DOGE to Succeed, He Needs Ron Paul
Most Americans have a heart that yearns for a leaner, more efficient government, one that obeys the U.S. Constitution and practices fiscal honesty. For the last six decades, no figure has been more iconic and relentless in this pursuit than former Congressman Ron...
The Greatest Tariff Speech in Congressional History
Donald Trump is bringing his idolatry of high tariffs back to the White House. Trump proclaims that “tariffs are the greatest!” and that “tariff” is “the most beautiful word in the dictionary.” Vast numbers of his Republican supporters will echo any dubious dogma that...
Taking It for Granted
"Capitalism, says Marx, unthinkingly repeating the fables of the eulogists of the Middle Ages, has an inevitable tendency to impoverish the workers more and more. The truth is that capitalism has poured a horn of plenty upon the masses of wage earners who frequently...
The Miracle of Mass Production
"The fact that my fellow man wants to acquire shoes as I do, does not make it harder for me to get shoes, but easier." —Ludwig von Mises, Human Action
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