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. However, the likely result...
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 losses) have nothing to...
The Wall Street Journal reported last month that the ballot initiative to decriminalize all drugs in the state of Oregon is failing, and that efforts are underway...
Market processes rely on prices, which are not established by a government decree or by the randomness of the human mind but are instead determined by supply...
Thousands of busybodies have descended on Abu Dhabi to forestall what they see as an imminent apocalypse. The twenty-eighth meeting of the Conference of the Parties to...
[This essay was originally published as “Die Legende von Versagen des Kapitalismus” in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf (1932)1 The nearly...
Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for the economic gloom: Republicans....
Politics in all its variants, particularly the politics of political parties, is the archenemy of freedom, prosperity, and peace. Yet, wherever one looks, more government is invoked...
The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government...
When we think of Milton Friedman and Murray Rothbard, what come to mind first are their contrary views on economics, but I’d like to discuss a different...