Category:Free Markets and Capitalism
Globalization: a curse or a blessing?
September 14, 2023 | Post
For far too long, the fixed pie fallacy was the most widely held belief. When wars over resources were too costly to fight, society (not understanding that the ultimate resource is the human mind) went back to the good old trade wars of the mercantilist era. But something changed after the Second World War when Japan took a different path.
Five myths about antitrust
August 24, 2023 | Post
Antitrust law will likely affect you personally, either targeting a company you patronize or even your employer. With big changes on the horizon for competition enforcement, here are five popular misconceptions surrounding antitrust…
Harmful natural monopoly: the myth that keeps on giving
August 17, 2023 | Post
Understanding that it is governments – not free markets – that create harmful monopolies is monumentally essential in order to harbor a comprehension of basic economic principles.
Should libertarians support labor unions? Here are 8 resounding reasons to say yes
August 16, 2023 | Post
At first glance, the principles of libertarianism might seem at odds with workers’ right to unionize. However, a closer examination reveals that supporting workers’ right to unionize is entirely compatible with libertarian values. Let’s examine 8 reasons why…
What the world can learn from Argentina’s liberty movement
August 15, 2023 | Post
The liberty movement’s success in Argentina serves as an inspiration to similar movements worldwide. It showcases the power of grassroots organizing and the impact that passionate individuals can have when they come together around a common cause.
Happy Birthday Milton Friedman
July 31, 2023 | Post
In honor of Milton Friedman’s birthday, let’s review the American economist’s greatest contributions to the advocacy of free market capitalism.
5 Fiscal Policy Myths DEBUNKED
July 24, 2023 | Video
Tom Hogan has worked at the American Institute for Economic Research, the Cato Institute’s Center for Monetary and Financial Alternatives, and was Chief Economist for the U.S. Senate Committee on Banking, Housing, & Urban Affairs. Our Ethan Yang interviewed him and, in the process, Tom debunked 5 widely-held myths about fiscal and monetary policy. For […]
The importance of free markets in building a sustainable future
July 18, 2023 | Post
The free market is a powerful ally in the pursuit of a sustainable future. It rewards efficiency, responsible resource management, and, ultimately, sustainable solutions to environmental challenges. Here’s why…
Why is Africa poor? Is colonization the root cause?
June 16, 2023 | Post
“Colonization is why Africa is so poor” is something I hear all the time. But it was not until recently that I realized: This impulsive defense of Africa is far from the full truth.
China’s authoritarian export: the technocratic menace and global ideological battle
June 4, 2023 | Post
The Chinese regime inherently rejects the ideas and values of individual liberty, meaningful economic freedom, transparency and human rights
Unleashing the power of rhetoric: how Deirdre McCloskey transformed the landscape of economics
May 24, 2023 | Post
In a world dominated by numbers and equations, one economist dared to challenge the status quo and unveil the true power of persuasive language. Meet Deirdre McCloskey, a visionary economist, historian, and writer whose groundbreaking ideas have reshaped the way we understand economic progress.
Debunking 8 Myths about USSR
May 10, 2023 | Video
Somehow, the USSR still has its supporters — and they likely believe one or more myths about Soviet Russia. In this video, we debunk 8 myths that linger about the Soviet Union, even now, more than 30 years after the fall of the Berlin Wall. Also cited are these videos: NIMBYism vs. Gentrification: The Truth […]
Top 3 Ways Economic Growth will Solve Climate Change
May 10, 2023 | Video
Climate change is a serious problem that deserves a serious solution. “Degrowth” is not one. Economic and population growth is — and this video illuminates three reasons sustainable development can only be achieved with economic growth. #1: Economic growth means greater efficiency in technology. #2: Economic growth is driving people and resources to cities […]
What is free-market environmentalism?
April 28, 2023 | Post
Free-market environmentalism combines the ideals of environmental protection with the principles of a free-market economy. It acknowledges that markets can provide powerful incentives for conservation and environmental stewardship, and that private property rights and contracts can be leveraged as tools to protect the environment. But how exactly does this work?
Why disasters should remind us of Bastiat’s wisdom
April 24, 2023 | Post
Disasters, such as the horrific earthquake that hit Turkey and Syria in February 2023, bring up a recurring myth — one that demands the wisdom of Frederic Bastiat.
Minimum wage laws deny low-skilled workers their autonomy
March 20, 2023 | Post
Do minimum wage laws help low-skilled workers? No. Workers are thrown out of work if they cannot produce more than the minimum wage stipulates. If the minimum wage is $15/hour and a worker can only produce $13/hour worth of goods, they will not be hired since no profit-seeking employer would employ someone at a loss.
Why some countries succeed and others don’t
March 6, 2023 | Post
Why are some countries successful while others aren’t? Is it down to natural resources, colonialism, or can it be better explained by something else?
Who was Ayn Rand?
February 27, 2023 | Post
Ayn Rand, a celebrated author and philosopher, was one of the most influential thinkers of the 20th century. Known for her bestselling novels, such as The Fountainhead and Atlas Shrugged, Rand’s ideas have had a profound impact on the fields of politics, economics, and philosophy.
What is capitalism?
February 8, 2023 | Post
Capitalism can be viewed as an economic system that has been a driving force in many advanced economies, fostered growth and innovation, enabled people to lift themselves out of poverty, and greatly improved living standards. But it also has many staunch critics, who will argue that, regardless of outcomes or track records, it is a deeply harmful and exploitative system. So, to clear up any confusion, what really is capitalism, and what isn’t it?
Supply and Demand Explained in 5 Minutes
February 8, 2023 | Video
The law of supply and demand is often misunderstood and misconstrued, and it has downstream effects for our understanding of economics. In this video, Learn Liberty Basics establishes supply and demand as ever-changing RELATIONSHIPS, not constants. We also lay out some of the early history of our idea of supply and demand. CHAPTERS 0:00 […]
Hong Kong: a model city-state under siege
January 19, 2023 | Post
Although now under siege, Hong Kong still shines as an example of what a well-built city-state can be. Its development should be used as an example and a guide toward realizing what is possible.
NIMBYism vs. Gentrification: The Truth About the Housing Crisis
January 10, 2023 | Video
Using the Lincoln Park neighborhood of Chicago, discover the truth about the housing market. Expert Nolan Gray, California YIMBY Research Director and author of “Arbitrary Lines: How Zoning Broke the American City and How to Fix It,” guides us through the economics and incentives at play in the real estate industry. You might recognize him […]
NIMBYism: the real reason we don’t have affordable housing
January 10, 2023 | Post
Uncover how NIMBYism is driving the housing crisis, as residents use the power of the state to restrict development and reduce housing supply. Learn how this phenomenon is exacerbating affordability and accessibility issues for many individuals and families…
What’s wrong with making money?
January 4, 2023 | Post
Social justice advocates argue that it is “society’s” duty to eliminate pain and inequality wherever and whenever it exists. What is interesting is that I have never met Mr. Society.