The U.S. Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the...
market
The Tale of the Steak – A Lesson in Economics by Walter E. Williams
by The Libertarian Institute | Jan 17, 2023 | Blog, Uncategorized
Consider filet mignon and chuck steak. Assume-realistically-that consumers prefer the former. Then the question becomes: why is it, despite consumer preferences, that chuck steak sells at all? The fact is that chuck steak outsells filet mignon. How does something less...
Church Proves the Poor Will Benefit From Privatized Education
by Keith Knight | Jan 10, 2023 | Blog, Uncategorized
Depending on which source you look at, there are hundreds of thousands of churches in world. Almost all Churches contain the two things Democrats constantly tell us are impossible if education were voluntarily funded instead of funded coercively via taxation. ...
Can Wage Transparency Fix the Pay Gap?
by Walter E. Block | Jan 4, 2023 | Economics, Featured Articles
Will wage transparency reduce or eliminate the pay gap between men and women? Yes and no. Let’s take the no side first. Wage transparency will not reduce or eliminate this pay gap because it emanates from real differences in productivity (actually discounted marginal...
Debunking Left & Right Wing Socialism (feat. Dave Smith)
by Keith Knight | Dec 30, 2022 | Don't Tread on Anyone
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...
The “Greedy Private Property” Deception
by Keith Knight | Nov 26, 2022 | Blog
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...
An Economics Lesson for Idiot Robert Reich
by Keith Knight | Nov 20, 2022 | Blog
...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:...
US Treasury Secretary: India, China Won’t Be Subject to Price Cap on Russian Oil
by Kyle Anzalone | Nov 14, 2022 | News
Treasury Secretary Janet Yellen said Washington would be happy to see New Delhi continue to buy oil from Moscow at a price above a G7-imposed price ceiling set to take effect next month. The announcement came after India declared it would buy oil from Russia and ignore the price cap.
Powell Promises More Rate Hikes
by Ryan McMaken | Nov 3, 2022 | Economics, Featured Articles
The Federal Reserve's Federal Open Market Committee (FOMC) raised the target federal funds rate 75 basis points on Wednesday, marking the fourth 75-basis-point hike in a row since June. The federal funds rate is now the highest it's been since December of 2007 when...
US Military Conducting Onsite Weapons Inspections Inside Ukraine
by Dave DeCamp | Nov 2, 2022 | News
A Pentagon official told reporters on Monday that US military personnel have recently begun onsite inspections of US-provided weapons inside Ukraine, confirming a small US military presence on the ground.
Marxist-Leninist Admits Libertarians Are Right About Cuba and North Korea!
by Keith Knight | Oct 28, 2022 | Blog
I asked a self-described "Marxist-Leninist" why do people risk life and limb to escape mostly socialist Cuba to the much more free market United States? And why is South Korea wealthier than North Korea? He had a one word answer: Sanctions. Sanctions are when...
‘Strong as Hell’ Economy is a Mirage of Math
by Tom Luongo | Oct 26, 2022 | Economics, Featured Articles
“President” Joe Biden described the U.S. economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that. He and they point to statistics, “internals” in Biden-speaks, that point to...
AOC Exposes Herself as a Total Fraud
by Keith Knight | Oct 21, 2022 | Blog
So often Democratic Socialists will claim that private companies are bad because they care not about others but only for their own personal benefit. Want money voluntarily? That's greed! Taking money via taxation with the threat of jailing peaceful people,...
Why I Ended Liberty Weekly and Started Vital Dissent
by Patrick Macfarlane | Oct 17, 2022 | Blog
Since episode 234 was the last episode of Liberty Weekly. I thought it'd be fitting to sit down and work through exactly what that means. When I started the project in June 2016, I had no idea how long it would last or what it would turn into. The best thing about the...
Blog
Christopher Hitchens Lied About the Cause of Terrorism
"The suicide murder community is almost perfectly faith based." - Christopher Hitchens On Real Time With Bill Maher, Hitchens claims that because an Islamist in the 1800's used the Koran to justify atrocities, it means that today the issue with Al-Qaeda is due to the...
War is a Euphemism for Mass Murder
To kill one man is to be guilty of a capital crime, to kill ten men is to increase the guilt tenfold, to kill a hundred men is to increase it a hundredfold. This the rulers of the earth all recognize, and yet when it comes to the greatest crime — waging war on another...
Empower the Working Class: Abolish Occupational Licensing
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
Death By Climate: Down 97% in Last 100 Years
Our schools provide many hours of lessons on climate change, but I wonder how many teachers, let alone pupils, are aware that climate-related deaths have decreased by as much as 97 per cent over the past 100 years, as the OFDA / CRED data show. - Why don’t we ever...
Black Youth Unemployment: Before and After Progressives Started “Helping”
A constant trend is progressivism is to use the state to coercively control others under the guise of "helping" them, make things worse, then ignore the problems you caused and never apologize. Sallie Mae loans didn't make college affordable. The Federal Reserve...
What Kind of Liberal?
Not to put too fine a point on it, but I am a Locke-Smith liberal.
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