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People claim to support “equal opportunity” over the idea of equal outcomes, but when one examines both concepts, it becomes obvious that neither is...
This is a rendition of Leonard Read‘s famous, “I, Pencil,” but with a new twist: tariffs now restrict the importation of producers‘ goods needed...
Why do mainstream economists suddenly think clearly when it comes to tariffs—but abandon logic elsewhere? Mark Thornton unpacks why even Krugman and Marx agree...
It is often asserted without challenge that “life is like a race” and it wouldn‘t be a fair race without the same “starting-line.” While...
The Technocracy Movement was an offshoot of progressivism, and adherents believed that science and technology were the keys to creating a new Utopia. Not...
Modern progressives believe that one can only be loyal to one‘s nation by being loyal to the central government. Yet, American history shows that...
What determines currency exchange rates? While “experts” present a number of theories such as trade balance, the most important factor is the purchasing power...
There are more federal grantees and contractors at NGOs and “private” firms—who are de facto federal workers—than there are “official” federal workers.
In his inaugural address, President Donald Trump promised a “revolution of common sense.” However, one area of US government policy that has lacked “common...
Things aren‘t going as planned. Inflation just rose to an 18-month high, and the Fed has stopped saying that it‘s making “progress toward the...
The latest political hot potato puts our standard of living at a critical crossroads. Mark Thornton identifies the missing road signs.