Bankruptcy is a developing twenty-first century theme in America. We see bankruptcy in federal government policy and spending, many corporate boardroom decisions, nonprofit and religious groups’ overspending...
Breaking up with a person you have known for more than thirty years, with whom you have participated in countless conferences and co-authored a couple of articles,...
Murray Rothbard called Richard Cantillon the “father of modern economics.” While that title is often given to Adam Smith, Rothbard suggested that all the good things in...
The physical sciences have greatly advanced knowledge by elucidating the workings of simple phenomena. In a simple phenomenon, we have a limited number of important variables, all...
The idea of secession for some regions of the United States—sometimes simplistically called “national divorce”—has increasingly been mentioned as a way to deal with the apparent growing...
After spending months trying to sell his economic agenda under the banner of “Bidenomics,” the president’s team is frustrated. Voters aren’t believing them when they say that...
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it. Original Article: Does Government Spending...
As the recent election of Javier Milei in Argentina shows us, there still is a place in the political world for libertarian thinking. Liberty is a goal...
Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to...