The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40...
https://youtu.be/KvPKGOTz4mw There exist two blatant contradictions which roughly ninety-nine percent of intellectuals, journalists, and voters erroneously believe. On the one hand, they say that the free market must be regulated in order to prevent monopolies. It is...
It’s an economic article of faith among almost every school of economic thought that central banks raising interest rates curtails economic growth and lowering interest rates stimulates short-run economic growth. The problem with this assertion by nearly every...
Energy is a highly regulated industry across the world. There is less debate about the need for government control when it comes to the oil and gas sector. The arguments that most people accept for government intervention in energy, whether in the name of energy...
Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...
The death of capitalism has been a common topic of conversation lately. Millennials seem resigned to it, the younger generations can’t wait for it. Bastions of global capitalism—alleged capitalism—such as the World Economic Forum in Davos are quite eagerly promoting...
It was on this day in 1886 that the journalist and author Rose Wilder Lane was born in a little house on the prairie that she and her mother, Laura Ingalls Wilder, would later make famous. A brilliant, moody, and independent spirit, Rose was eventually to become one...
It’s the state. There is no master plan. There is no big brain running the show. The grand, seemingly “coordinated,” societal evil we observe is just a product of the state. It comes from the state sanctioning a market for evil; a market for the proceeds of theft; a...
As Democrats and Republicans across the country fought over control of Congress in this past midterm election, progressives in Massachusetts and California continued with one of their favorite pastimes: trying to raise taxes on the rich. In Massachusetts, voters were...
A "property right" entitles one party to exclude another from interacting with a scarce part of the universe - i.e. to have a property right in my car entitles me to exclude others from driving it to Dallas when I wish to drive it to Phoenix. There is no...
...Sam Walton, the founder of Walmart, became one of the wealthiest men in the world by figuring out how to cut the price of just about everything to the benefit of everyone, but especially of lower-income consumers. That’s one of the other virtues of the free market:...
It’s been a rough year for advocates of modern monetary theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have wanted, the doctrine’s popularity seems to have faded now that we’re well passed the honeymoon phase. Twenty...
Since the beginning of the Russian invasion of Ukraine, the Western sanctions program can best be compared to an interrogator who first amputates a victim’s arm and then, brandishing the severed appendage, threatens to begin slitting its wrist and tearing out...
There’s plenty to say regarding Sweden: (1) its “socialist” policies were made possible by wealth created under an essentially capitalist economy (as recently as the 1950s, remember, government spent less as a percentage of GDP in Sweden than in the U.S.); (2)...
