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Although some scholars have labeled the early Ming Dynasty as a proto-liberal state, they are mistaken. The Ming governance at that time was weak,...
Economists consider probability to be central to economic analysis, but, as Ludwig von Mises wrote, economic action involves unique and purposeful events, not random...
The rise of the state led to the rise of credentialism, however, credentialism neither guarantees competence nor quality.
A few days ago, cannabis stocks surged after news broke that President Donald Trump is considering ordering his administration to reclassify marijuana as a...
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a...
Charles Dickens trained many to hate capitalism, but he never understood the difference between envious hatred of wealth and charitable concern for the poor....
Consumer spending does not drive the economy. On the contrary, saving, investment, and entrepreneurship are the critical components of economic growth.