Politics
Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.
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Politics
Modern political economy is based upon a Machiavellian belief in might makes right. Yet, political power cannot accomplish what free markets and private property...
Politics
Economist Robert Barro has questioned the necessity of fighting a war in this country to end slavery. In this week’s Friday Philosophy, Dr. David...
Politics
Ryan McMaken of the Mises Institute and Christopher Calton of the Independent Institute talk about why politicians want higher home prices. Even Trump now...
Politics
Modern political economy is based upon a Machiavellian belief in might makes right. Yet, political power cannot accomplish what free markets and private property...
Politics
Gold’s price dropped from close to $5,600 to less than $4,500 on Monday. Silver plunged 31.4% on Friday alone.
Politics
The market regulates accidents very effectively. If the state does not coercively interfere, competition between companies forces them to improve services to the maximum.
Politics
Mark Thornton presents a timely interview with Elijah K. Johnson that underscores how quickly “melt-ups” can flip into sharp corrections.
Politics
In most nations of any size, sectionalism is almost inevitable. How nations handle such divisions, historian Frank L. Owsley, determines if sectionalism is peaceful...
Politics
Will the Make America Healthy Again (MAHA) succeed? If the regulatory story of DDT is a prime example of government regulation in action, then...
Politics
There is no reason to be surprised by the total lack of commitment to any ideological standards. Nor is there any reason to expect...
Politics
One of the Austrian arguments against using mathematics to model economic phenomena is that there are no constants in economics, as things always are...
Politics
Thanks to the Federal Reserve, the US government will always have enough printed money to fund it tyrannical schemes.