Editor's note: This article is taken from managing editor Keith Knight's opening statement for a recent ZeroHedge debate. To clarify, when I say communism, I'm referring to the abolition of private property and voluntary contracts. Socialism is most accurately...
Many people are uneasy with the free market. I think that's because they subscribe, implicitly if not explicitly, to the labor theory of value. Workers, people lament, seem not to reap the full and just reward for their labors. Belief in the labor theory puts...
On April 2, 2025, President Donald Trump stood in the White House Rose Garden to declare “Liberation Day”—a sweeping new tariff initiative aimed at reducing the U.S. trade deficit and revitalizing domestic manufacturing. The policy introduces a 10% blanket tariff on...
There can be no doubt among competent historians that if ... the Austrian School has occupied an almost unique position in the development of economic science, this is entirely due to the foundations laid by this one man.... [I]ts fundamental ideas belong fully and...
Ludwig von Mises's 1927 path-breaking work in political theory speaks to the current generations. In section 5 of his introduction to Liberalism: The Classical Tradition, Mises sounds impeccably relevant in describing how the opponents of liberalism and the market...
Many people, including some free-market advocates, think Americans are materially worse off today than they were in the 1970s. Some subscribers to that view blame globalization, that is, free trade in goods, which means in labor services. By any reasonable measure,...
The late, great essayist Joe Sobran once coined the sardonic idea of what I’ve come to call Sobran’s Law, which, if I may paraphrase it, states: “The U.S. Constitution poses no threat to our current system of government.” (The New York Times wrongly worries...
When President Donald Trump announced the creation of the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, it was heralded as a game-changer. The goal was ambitious: cut $1-2 trillion in federal spending by 2026, eliminating waste,...
