Globalization, like the free market and classical liberalism generally, isn't wildly popular these days, is it? People blame globalization for all sorts of bad things, and the raps are usually bum. In truth, to the extent that governments keep out so-called foreign...
Economics
Should We Allow U.S. Land to Be Sold to the Chinese?
by Walter E. Block | Sep 21, 2023 | Economics, Featured Articles, Foreign Policy
Admittedly, this idea sounds bad. Both "sell out” and “selling out” have a bad odor to them. Rather, we should “stand firm!” And there is nothing like perking up that patriotic spirit that compares to bashing supposed foreign enemies. However, there are deep and dire...
Yeah, It Was (Mostly) the Fed’s Fault
by Joseph Solis-Mullen | Sep 20, 2023 | Economics, Featured Articles
A not uncommon reaction from central bank defenders in response to criticism is some form of an apology, arguing a lesser of two evils choice. Posing a counterfactual, they present a scenario, say the East Asian Crisis or subsequent Subprime Crisis, which it is then...
How a Young Black Woman Discovered Thomas Sowell
by Michelle Williams | Sep 19, 2023 | Economics, Featured Articles
Thomas Sowell is an American political commentator and economist who's authored books such as Discrimination and Disparities, Basic Economics, Economic Facts and Fallacies, and my personal favorite, Black Rednecks and White Liberals. His books span a range of topics,...
TGIF: Who Rules? That Is Not the Question
by Sheldon Richman | Sep 8, 2023 | Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
Today's two major contenders for political power seem to be elitists and populists. Funnily enough, both types are present in each of the big tribes known as progressive/liberal and conservatism, left and right, or Democratic and Republican. (Here's the lowdown on...
Strange But True: ‘Price Gouging’ Benefits People In Disaster Areas
by Stark Realities with Brian McGlinchey | Sep 5, 2023 | Economics, Featured Articles
As millions of Americans struggle to recover from the latest hurricane, state government officials are issuing stern reminders that criminal penalties loom for anyone who engages in “price gouging.” “Price gouging” is the pejorative label applied to the charging of...
America’s Debt Remains Our Biggest Threat
by Ron Paul | Aug 23, 2023 | Economics, Featured Articles
Congress’ top priority this fall will be passing legislation funding the government and avoiding a “shutdown.” As of this writing, it appears unlikely that the Republican-controlled House will be able to make a deal with President Biden and the Senate Democrats on a...
TGIF: On “Giving Back”
by Sheldon Richman | Aug 18, 2023 | Economics, Featured Articles, Sheldon Richman, TGIF
P&G, the maker of popular household brands like Tide and Downy laundry products, is giving away $10,000 in college scholarships. That's $1.5 million and 150 scholarships in all. My problem, aside from its encouraging college attendance, is with how the company is...