A dubious theory held by some libertarians has been knocking about. It goes something like this: The claim that government-controlled land is actually unowned—and thus not properly subject to government rulemaking—would lead to consequences that reasonable people...
Recently, the United Kingdom signed two “free trade deals” with India and the United States. Adam Smith and David Ricardo would justifiably take issue with the label of free trade because these deals have not established what the term refers to in the classical...
“I’m a fiscal hawk,” Trump announced to the press on May 21, U.S. House Speaker Mike Johnson in tow, with typical Trumpian humbuggery. “I’m a bigger fiscal hawk. There’s nobody like me as a fiscal hawk.” Of course, only the last part of that statement was true. Truly,...
On May 22, 2025, the U.S. House of Representatives narrowly passed H.R. 1, the so-called “One Big Beautiful Bill Act,” a sprawling reconciliation package championed by President Donald Trump as “arguably the most significant piece of legislation” in American history....
When encountering a public problem, people tend to fall into one of two camps: one camp, the larger one, says, "There oughta be a law." The other one asks, "How has the government created or aggravated the situation?" We know which camp Maestro Trump belongs to. Take...
Let's hear no more about America First! It's a fraud, a cover for collectivist nationalism, and a distraction from what matters. (It also looks like camouflage for Trump Family First, but let's take it at face value for now.) On foreign policy, America First does not...
President Donald Trump announced a new trade deal between the United States and United Kingdom on Thursday that would drop certain trade barriers between the two countries. Though the details are still fuzzy, some of the main industries involved are agriculture, the...
Carl Menger, the founder of the Austrian approach to economics, was not the first or last thinker to see similarities between a society and a living organism, suggesting the existence of undesigned, spontaneous order. The names Adam Ferguson and Adam Smith, before...
