According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy. It is held that by inspecting various economic indicators such as the gross domestic product or industrial...
Socialism has failed repeatedly. Wherever you look—Cuba, Venezuela, India, France—the system has caused economic turmoil, stagnation, and even violence and oppression. But fear not, we are told—that was socialism simply “not done properly.” True socialism, however,...
President Trump was elected on an anti-trade agenda in 2016, and promised that tariffs and protectionist measures could restore the US manufacturing sector. After winning the White House, the president imposed tariffs on hundreds of billions of dollars worth of...
Lockdown doesn't cripple "the economy." It cripples people who are trying to live. Strictly speaking, there's no economy. There are people interacting in particular ways regularly.
This is an expanded version of something I wrote for The Freeman, October 2003, during my tenure as the editor. Socialism has been mortally discredited on economic grounds, thanks to Ludwig von Mises, F. A. Hayek, and history. But for many people it has not been...
How can the U.S. reduce economic inequality? That’s a question USA Today posed to three “policy experts on the left and the right” in this recent article. The responses, while unsurprising, were nevertheless disappointing. For libertarians, economic inequality itself...
The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing state interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less than pure in many areas. However, one area where Hayek is...
“You hypocrite, first take the plank out of your own eye, and then you will see clearly to remove the speck from your brother’s eye.” — Matthew 7:5 I grew up going to numerous youth group events, Christian summer camps, weekly chapels at my Christian high school, and...
