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In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government...
The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to...
Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and...
Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as “Woke Right.”
There’s a new sheriff in town, and that spells trouble for the vast federal subsidies that undergird much of higher education. With more universities...
Six hundred years before Carl Menger wrote his Principles, Thomas Aquinas was writing about the role of subjective valuation in economic exchanges. His work...
From the Middle Ages to Rousseau to the Industrial Revolution to Trotsky, historian Ralph Raico provides a refreshing free-market analysis of political thought.
Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is also making...
International organizations like the EU and UN are creations of states and serve the states’ elites. We can’t “improve” them or make them more...
By their nature, free markets promote harmony between people and increase overall standards of living. This view is radically different from the ones promoted...
Boom, bust, repeat. The Fed fuels bubbles, and now we’re watching them pop. Mark Thornton joins Scott Horton to dissect the economy’s next moves.
This episode explores the economic implications of deflation, debunking the mainstream fear that falling prices cripple economic growth.