The standard line from US political elites is that failure to aid Ukraine would mean Russia’s destruction of what is left of the country.…
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One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and…
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The Wall Street Journal reported last month that the ballot initiative to decriminalize all drugs in the state of Oregon is failing, and…
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Market processes rely on prices, which are not established by a government decree or by the randomness of the human mind but are…
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Thousands of busybodies have descended on Abu Dhabi to forestall what they see as an imminent apocalypse. The twenty-eighth meeting of the Conference…
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[This essay was originally published as “Die Legende von Versagen des Kapitalismus” in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf…
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Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for…
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Politics in all its variants, particularly the politics of political parties, is the archenemy of freedom, prosperity, and peace. Yet, wherever one looks,…
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The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that…
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When we think of Milton Friedman and Murray Rothbard, what come to mind first are their contrary views on economics, but I’d like…