Farm exports to China are down, manufacturing job growth has stalled, and prices are up for many goods Americans are about to enter the third full year of President Donald Trump’s aggressive tariff regime, which aims to promote US manufacturing, protect key...
Economics
Asset Forfeiture and the Destruction of American Liberty
by Jacob Hornberger | Dec 3, 2019 | Economics, Featured Articles, Libertarianism
For centuries, it has been an established tenet of Western jurisprudence that a person cannot be punished for a crime unless the government first convicts him of the crime in a court of law. After the Constitution called the federal government into existence, our...
Decrying Income Inequality Is a Tactic to Gain More Power for Government
by Edward Peter Stringham | Dec 2, 2019 | Economics, Featured Articles, Libertarianism, Politics
The 2020 presidential field is saturated with candidates decrying wealth inequality and making the argument to soak the rich. One front-runner, for instance, is constantly denouncing “the millionaires and the billionaires.” Ominously, a New York Times poll found that...
The Boom Is Worse than the Bust
by Ludwig von Mises | Dec 2, 2019 | Economics
The popularity of inflation and credit expansion, the ultimate source of the repeated attempts to render people prosperous by credit expansion, and thus the cause of the cyclical fluctuations of business, manifests itself clearly in the customary terminology. The boom...
Even Nixon’s Ghost Agrees That Price Controls Won’t Fix Our Broken Health Care System
by Nick Waddy | Nov 29, 2019 | Economics, Featured Articles, Libertarianism
The answer to high out-of-network health care costs is not to increase the federal government's already excessive powers over the marketplace. On a hot summer night—Sunday, August 15th, 1971—millions of red-blooded Americans tuned their Zenith and Magnavox TV sets to...
The Hidden Link Between Fiat Money and the Increasing Appeal of Socialism
by Patrick Barron | Nov 27, 2019 | Economics, Featured Articles, Libertarianism
What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? In the Extinction Rebellion movement, for example, activists are quite certain they have learned that there is an alternative to...
The Next Curse
by Mark Thornton | Nov 26, 2019 | Economics, Featured Articles, Libertarianism
Zero Hedge reports “China’s Skyscraper Boom Comes Crashing Down Amid Developer Default,” noting reports that construction work was recently halted on the nation’s potentially tallest skyscraper, after the developer defaulted on a payment to the construction company....
South Carolina Legal Tender Act Would Treat Gold and Silver as Money
by Michael Maharrey | Nov 26, 2019 | Economics, Featured Articles, Libertarianism
A bill prefiled in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve’s monopoly on money. Rep. Stewart...