The history of the human race is one long story of attempts by certain persons and classes to obtain control of the power of the State, so as to win earthly gratifications at the expense of others. --William Graham Sumner, 1883 For advocates of individual liberty,...
Between Kamala Harris and Donald Trump, there is little reason for hope as far as high prices go. Despite both campaigning on making prices lower—something patently ludicrous on its face—a look at their actual policy proposals cannot but lead the economically informed...
I believe that every argument should begin with commonly understood definitions. Capitalism is a social system based on the explicit recognition of private property and voluntary contracts. Communism is the abolition of private property altogether. And socialism is...
60 Minutes recently aired an interview with Federal Trade Commission (FTC) Chair Lina Khan conducted by veteran reporter Lesley Stahl. This may have been the first time in their 58-year history that 60 Minutes has profiled an FTC chair, but Lina Khan is not the...
It's the Halloween season, the perfect occasion to introduce your young children and grandchildren to the wonders of the market economy. After all, the market is a process in which individuals strive to improve their situations through trade—that is, lucrative...
It is widely believed among libertarians, and really everyone of anti-globalist sentiment, that there is a high-level global depopulation conspiracy. This belief is perhaps best summed up with the pithy phrase, “You are the carbon they want to reduce.” Bill Clinton...
Readers may have wondered about a quote I used from Ludwig von Mises recently. In his book Liberalism Mises distinguished the (classical) liberal case against war from what he called the "humanitarian" case against war. To understand Mises, let's examine a...
