The most immediate effect of licensing is to restrict the number of practitioners because of the higher entry costs involved in meeting the qualifications of the activity. Some licenses, as in the cases of cosmeticians and barbers, require many months of schooling....
economics
The Robber Barons: Historical Fact vs. Progressive Mythology
by Keith Knight | Apr 7, 2023 | Blog, Economics
The standard theory of monopoly within the mainstream of the economics profession is that monopolies increase prices and reduce production levels compared to competitive industries. So I gathered historical economic data on prices and production for seventeen of the...
3/24/23 Ryan McMaken on Nuclear Weapons and How the Fed Fuels Inequality
by Scott Horton | Mar 29, 2023 | The Scott Horton Show
Download Episode. Scott is joined by Ryan McMaken of the Mises Institute to talk about nuclear weapons and the boom-bust cycle. They begin with a discussion of McMaken's recent article pushing back against common arguments for the production of more nuclear weapons....
Is Heaven Communist?
by Evan Patterson | Mar 9, 2023 | Featured Articles
Christianity has to deal with a lot of misconceptions. From the idea that Christianity was created by Paul to the idea that Jesus was a cynic, owing to its prestige and power and the desecration of almost everything due to modernist secularism, Christianity has been...
A Second Trump Presidency Promise No Improvements on Trade
by Trenton Hale | Mar 6, 2023 | Economics, Featured Articles, Politics
Over the past few weeks, former President Donald Trump has been releasing some of his proposals if he were to return to the White House in 2024. While many of his positions pose great danger to personal liberty, such as his plan to “end crime and keep Americans safe,”...
The Year of Living Dangerously: Global Economic Prospects at a Turning Point
by Dan Steinbock | Mar 2, 2023 | Economics, Featured Articles
Recently, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), suggested that the year 2023 could "represent a turning point, with inflation declining and growth bottoming out.” She based the prediction on economic assumptions....
Discovering Cooperation Through the Blockchain
by Zack Sorenson | Feb 27, 2023 | Economics, Featured Articles
In the twentieth and early twenty-first centuries, political hurdles and economic roadblocks have prevented the rise of a properly free and healthy society. Competitive pressures have allowed new inventions to be created and competitive barriers have helped innovative...
2/17/23 Bill Buppert: A Deep Dive into Irregular Warfare
by Scott Horton | Feb 23, 2023 | The Scott Horton Show
Download Episode. Scott brings Bill Buppert on the show for a long discussion centering around U.S. attempts at utilizing irregular warfare since 1945. The two touch on the Afghan surge, the battle of Tora Bora, the Vietnam War, Color Revolutions, Suicide Bombings,...
Blog
American Odysseus
Matthew Hoh, former Capt. USMC, led men into war. So he knows the truth that war cheerleaders will never tell you. Check out his recent Memorial Day speech here: A Morality of Anger and Guilt
American Israel Supporters: Fake
Everyone is sick and tired of murderous, dishonest Israel. So they use ChatGPT to fake it. “I gotta reevaluate my opinions due to this new information.”
Now They Figure It Out…
Too little and too late and once the smaller companies get Pentagon contracts, they will be destroyed in the Pentagon's Soviet acquisition system. “While the Armament Directorate remains committed to our highly-capable legacy products, we have become convinced that...
Language, Race, and Man
“Man belongs neither to his language nor to his race; he belongs to himself.” --Ernest Renan
The Frigate Follies Get Worse and Worse
Déjà vu, it's happening again. The surface navy failures manifested in the Littoral Combat Ship, the Zumwalt and the USS Ford will soon have another ship to add to that gallery of maritime incompetence that showcases the modern US Navy. I say again, construction...
Democracy and Free Stuff
Democracy: the matching up of people who want free stuff with politicians who promise free stuff. Problem: free stuff as they all imagine it does not exist. However, it does exist in the market, as explained by Frédéric Bastiat in Economic Harmonies, chapter 8,...
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