While sicknesses and death mount from the coronavirus pandemic, the responses by all levels of government have been overwhelming. School closings, business closings, cancellations of sporting events and concerts, “stay in place” orders, hysterical panic spread by the...
Economics
Why We Need Free Markets To Fight Pandemics
by Matthew Tanous | Mar 23, 2020 | Economics, Featured Articles
The natural response in the face of a pandemic like the one we are experiencing today with COVID-19 is to take immediate and direct action to curb the crisis. We are told we need to have extensive quarantines, citywide lockdowns, and shelter-in-place orders. We...
To Kill Markets Is the Worst Possible Plan
by Richard Ebeling | Mar 20, 2020 | Economics, Featured Articles
Momentous events usually leave strong memories on those who have lived through them, and those memories often become passed on to later generations in the form of historical interpretations of why and what had happened in the past. This has certainly been so in the...
TGIF: Despite Appearances, ‘Price Gouging’ Helps People in Distress
by Sheldon Richman | Mar 20, 2020 | Economics, Libertarianism, Sheldon Richman, TGIF
[This article originally appeared on the American Institute for Economic Research website on September 12, 2017.] Critics of the free economy often complain that the market fails to “behave” as economic theory predicts. Hence the voluminous literature on “market...
The Money-Printing Gods Have Failed
by David Stockman | Mar 18, 2020 | Economics, Events, Featured Articles
Hooray! Finally even the robo-machines and day traders are puking, not BTFDing. Today’s 3,000 Dow Point Dump says even they have had enough of the craven dolts who occupy the Eccles Building. You do not need a PhD in economics—or even a night school survey course—to...
Direct Payments From Government is Not the Way to Stimulate the Economy
by Bradley Thomas | Mar 18, 2020 | Economics, Events, Featured Articles
The latest in the Federal government’s response to the coronavirus pandemic is President Trump’s announcement of a “stimulus package” estimated between $850 billion to $1 trillion. The plan reportedly includes $50 to $100 billion bailouts to the airline industry, $200...
Think Deficits Are Bad Now? You Ain’t Seen Nothin’ Yet
by Michael Maharrey | Mar 16, 2020 | Economics, Featured Articles
The Trump administration has been operating with a crisis-like fiscal policy for nearly four years. Now it looks like America’s hurtling toward a genuine economic crisis. What’s next? The U.S. appears to be heading for economic lockdown as the impact of the...
What is Libertarianism? Stephan Kinsella & Keith Knight
by Keith Knight | Mar 16, 2020 | Don't Tread on Anyone, Economics, Justice, Libertarianism, Politics
https://www.youtube.com/watch?v=HunN6f8XyIc Stephan Kinsella is a practicing patent attorney, a libertarian writer and speaker, Director of the Center for the Study of Innovative Freedom (C4SIF), and Founding and Executive Editor of Libertarian Papers. Find his work...