Politics
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices,...
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Politics
President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set...
Politics
The success of the American Revolution struck a heavy blow against the mercantilist system. But unfortunately, the wound was not mortal.
Politics
Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of...
Politics
One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use criminal law...
Politics
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns...
Politics
A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more...
Politics
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered...
Politics
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices,...
Politics
With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to revitalize liberalism. Ludwig von...
Politics
John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for...
Politics
Modern American culture is statist to the core. The typical school curriculum tells students that capitalism is evil and socialism is good, be the...
Politics
On this day 106 years ago, the warring parties of World War I agreed to an armistice, ending more than four years of slaughter...
