An energy policy that bans investment in some technologies based on ideological views and ignores security of supply is doomed to a strepitous failure. The energy crisis in the European Union was not created by market failures or lack of alternatives. It was created...
Former Federal Reserve Chairman Ben Bernanke is a 2022 recipient of the Nobel Prize in economics for his writings on how government should respond to bank failures. Honoring Bernanke for his advice on what government should do when banks fail is like giving a fire...
Five important criticisms are made of Ludwig von Mises in the recent Jacobin article titled, Ludwig von Mises Was a Free Market Ideologue, Not a Hardheaded Thinker. Mises was an ideologue Mises supported workers "bowing" to capitalist masters Lack of support for...
The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand....
https://youtu.be/Yhcm5pegHPE Some critics of the free market argue that property rights are in conflict with “human” rights. But the critics fail to realize that in a free-market system, every person has a property right over his own person and his own labor, and that...
We live in a society exquisitely dependent on science and technology, in which hardly anyone knows anything about science and technology. - Carl Sagan, BrainyQuote How has science and technology advanced when "we the people" never "voted" for such a thing to...
The very same people who say that government has no right to interfere with sexual activity between consenting adults believe that the government has every right to interfere with economic activity between consenting adults. – Thomas Sowell, Ph.D., “Looking for...
It was out of a revulsion for tyranny and a hunger for liberty that Americans were inspired to revolution. We don’t like being told what to do. We went to war to secure the rights to life, liberty, and the pursuit of happiness.In our founding document, liberty was...
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