It may be the most successful financial swindle in human history, one more than a dozen times bigger than Bernie Madoff’s $65 billion swindle. By suppressing interest rates using federal Treasury bills, the Federal Reserve Bank has managed to deprive the Social...
"Why 'capitalism'? Words have an unfortunate tendency to confuse. Free market capitalism is not really about capital, it is about handing control of the economy from the top to billions of independent consumers, entrepreneurs and workers, and allowing them to make...
If you care about individual freedom and general prosperity, you'll want to avoid all shades of populism like the plague. It is economic illiteracy proudly proclaimed and writ large. As an alternative to libertarianism, it is bad in its own right—freedom is not on its...
Debate goes on over who suffers from U.S. tariffs. Biden and Trump, for example, think U.S. tariffs on Chinese goods hurt China, not Americans. This is nonsense. Even if they hurt Chinese producers (who can sell their goods elsewhere), the tariffs still hurt...
President Joe Biden and former President Donald Trump both portray tariffs as magic wands to create national prosperity. Trump is calling for a 10% across-the-board tariff on imports, while Biden is imposing selective tariffs that he portrays as miracle cures for any...
"The entire history of the human race, the rise of man from the caves, has been marked by transfers of cultural advances from one group to another and from one civilization to another." So said economist, social philosopher, and historian Thomas Sowell in a 1990...
How can a libertarian oppose decolonization? Colonization not only oppressed conquered peoples, as the staunchest early classical liberals never tired of pointing out, but also burdened the taxpayers of the home country, who were forced to pay through the nose for...
Contrary to a popular article of faith, America has no free market in health care—far from it. Consider this: the largest lobby in Washington, D.C., is—wait for it—the health care and health insurance industries. Last year, they spent 5.8 times the amount the...
