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Politics
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that...
Politics
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic...
Politics
According to a recent 60 Minutes broadcast, Russian agents are suspected of launching microwave rays at US diplomats abroad. The problem is that many...
Politics
States know that treason and sedition laws are about much more than matters of law and order. They are essential components of enhancing state...
Politics
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
Politics
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.
Politics
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the...
Politics
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources...
Politics
Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been...
Politics
After the Indochina War, Vietnam was one of the poorest countries in the world, but dramatic free-market reforms have made this formerly socialist country...
Politics
In our current age of rampant monetary inflation and price inflation, good economics has become more relevant for ordinary people. Inflation is not some...
Politics
In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation...
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