https://www.youtube.com/watch?v=xk0uOHFVQ6E Keith Knight makes his debut as the second co-host of the Liberty Weekly Podcast! In this episode, Keith and I go back to first principles and walk through "Economics in One Lesson," a MUST READ for all new libertarians....
I was watching a YouTube video by a socialist, and a thought occurred. Here was one of these intense, intellectual type leftists. His analysis was full of highly sophisticated ideological positions, and a lot of buzzwords. I compared this video to similar screeds,...
"Globalism" and "globalization," are terms that suffer from a lack of any precise definition. The terms are used freely by a wide variety of commentators to mean both good and bad things — many of which are opposites of each other. Sometimes globalism means lowering...
Executive editor of the Libertarian Institute Sheldon Richman returns to the show to discuss Trump's new tariffs on steel and aluminum. According to Richman the major damage of Trump's tariffs will be felt by downstream producers and the disruption to the price...
Executive editor of the Libertarian Institute Sheldon Richman returns to the show to discuss Trump's new tariffs on steel and aluminum. According to Richman the major damage of Trump's tariffs will be felt by downstream producers and the disruption to the price...
"What protection teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war." --Henry George When Donald Trump can propose tariffs on imported steel, aluminum, washing machines, and solar-panels without being roundly booed off the...
Americans are understandably sickened by the massacre of 17 people in Florida and want something done to prevent such school massacres from recurring. Less understandably, they don’t seem as concerned about the 110,000 people who have been killed as a result of the...
Just about every argument opposing the unfettered freedom to exchange goods and services across all borders rests on the failure to appreciate that, as Adam Smith put it, “consumption is the sole end and purpose of all production.” For example, Kevin L. Kearns,...
How’s this for irony? While progressivism and socialism promise free goods and services but never deliver, markets deliver all the time. Free stuff in the marketplace? It sounds counterintuitive, and we’ve heard that “there ain’t no such thing as a free lunch.” But in...
Thank you. Thank you to the Reason Foundation, and to the judges who saw merit in my work and honored me with this award. It's especially validating to get an award named after Bastiat—an award for which people like Milton Friedman and James Buchanan once served as...
As incurable optimists, human beings look for silver linings in the darkest of clouds. It’s an admirable trait, but some silver linings are illusions. Spotting them requires the economic way of thinking. In the wake of a natural or manmade disaster, such as Hurricane...
As Hurricane Harvey, now tropical storm Harvey, makes its way across the southern US, estimates have already come in as to the cost of the storm. According to AccuWeather, Harvey is expected to cost upwards of $190 billion in damages, one percent of the national GDP....
Claude-Frédéric Bastiat was born on June 29, 1801 in Bayonne, a small port city in Southern France. At age 10, Bastiat was orphaned by his parents and based on the recognition he gets as a historical figure and economist, one might think his life ended at that point....
