In Star Trek: Lower Decks, Captain Freeman’s mission to “dismantle capitalism” on Targalus IX raises big questions, like: Can technology eliminate scarcity, or does demand for unique resources keep markets alive?
The road to communism is paved with good intentions, and price controls illustrate it perfectly. See how and why in this video, where you’ll learn the 7 fallout effects of one particular kind of price control: rent control. CHAPTERS 0:00 Paved with Good Intentions 0:53 Defining Price and Control 2:26: 7 Effects of Price Controls […]
Price gouging encourages competition by pressuring manufacturers and distributors to increase production, which over time, would actually drive down costs. Price controls during a time of crisis, however, do nothing to address the shortage problem.
Inflation hurts our spending capacity, diminishes our quality of life, dashes our hopes of upward mobility, and damages our trust in the cornerstone institutions of banks, dollars, and government. Yet inflation is all around us. After purchasing my usual burrito bowl at Chipotle recently, I had to review my receipt to ensure I had been […]
Donald Trump famously promised to “drain the swamp” upon his election in 2016. And if you’ve ever been to Washington, D.C. in the summer, you know that’s not just a metaphor for the convoluted, bureaucratic political system: D.C. is a literal, humid, marshy swamp! Geography aside, now that the possibility of another Trump administration is […]
River Plate’s Climb to Football’s Summit Republished with the permission of the author and the We Are Innovation network In the world football arena, River Plate has reached a new peak. According to Transfermarkt, the internationally renowned statistics portal, El Monumental stadium now dominates the pantheon of stadium attendance records worldwide. With an impressive average […]
Happy birthday, Ludwig! As a Happy Birthday tribute to Ludwig von Mises (born Sept. 29, 1881), here’s what you need to know about his life … and what you need to know from his iconic treatise on economics, Human Action. The underappreciated economist Ludwig von Mises is today celebrated as one of the founding fathers […]
The Fed was created by the world’s richest people to increase their power. Here are 6 things that have gone horribly wrong since the Fed came into existence — according to Austrian economics.
Donald Trump proclaimed that he would consider naming Elon Musk to an advisory or cabinet role if he
Despite claims of environmental harm, Bitcoin’s impact is minimal compared to its global benefits!
In his 1850 essay, Frédéric Bastiat discusses the notion of “Public Works.” He explains that public works like opening roads, building palaces, and repairing streets create jobs and boost the economy in the short term, but they take away unseen opportunities in the long run.
The “Broken Window” parable by Frédéric Bastiat, from his 1850 essay “That Which Is Seen, and That Which Is Not Seen,” reveals the fallacy of believing destruction boosts the economy.
In this video Reem walks us through 6 free-market principles that will maximize the likelihood of climate benefits in the future.
These free-market policies came about before most people had ever heard the term “climate change.”
While the free market reduces poverty, people criticize it because of economic inequality. Is this the real issue we should focus on?
Milton Friedman’s vision of school vouchers revolutionized education by fostering choice and competition.
Over two years since Russia’s invasion of Ukraine, the war’s economic toll is immense: $564.9 billion in infrastructure damage, daily costs of
Learn more about the lesser-known candidates running for president in 2024 and how pro-liberty folks might assess their positions.
Deirdre McCloskey, renowned economist and advocate for liberal values, delivered a stirring address at LibertyCon International, captivating attendees with her insights into the importance of liberty in fostering human flourishing and societal progress.
To find out why college is so expensive and why student debt has reached crisis point, we need to dig deep into a maze of factors that ultimately leave the government with a lot to answer for.
Today, a hot shower or a cup of coffee brewed in seconds are completely mundane. A journey across continents taking mere hours is, for many, just a normal part of life. Yet, these marvels would have been the envy of even the most affluent in medieval societies, prior to a period we can refer to as the “Great Enrichment.”
Looking at inequality doesn’t tell us anything substantial about prosperity in a given country. Is inequality the real problem, or is it poverty?
Robert Reich says “the super rich are killing Social Security.” Is he right? Professor Antony Davies gives a resounding NO in this reaction video. We included many of Reich’s relevant clips. Here’s his full video. And if you’d like to see Professor Davies expand on his answers IN PERSON, join Students For Liberty at LibertyCon! […]
Instead of elevating living standards and safeguarding workers from poor conditions and low pay, minimum wage laws lead to unemployment and limit job opportunities. Let’s look at how…
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