Inflation is the word of the day; rates in the United States have hit 40-year highs, and seemingly everyone is feeling the pain — from the gas pump to the grocery store. But with growing media attention also comes bad or misleading information. To set the record straight, we brought in the heavy muscle: Learn […]
The Guardian once called neoliberalism “the ideology at the root of all our problems.” New York Magazine called neoliberalism “the left’s favorite insult of liberals.”
But does anyone really know what the word means — or know anything about its origins?
Should a bottle of water cost $1000? Since water is so important to … ya know, keep us alive … why is it so cheap? On the other hand, diamonds do nothing to sustain life. And yet, they often DO cost $1000 — or more. This paradox troubled economists for centuries, but one group is […]
When we think of terms such as capitalism, individualism, or selfishness, one name comes to mind: Ayn Rand. But what makes Rand so significant?
Those flying cars we’ve seen for years in sci-fi films and cartoons? Yeah — still waiting. But we DO have cars that run on electricity, and they’re a big improvement over gasoline for many car buyers and for the environment.
Why, then, is it so difficult and expensive to get one?
This video seeks to answer that question, but we’ll give you a hint: state and federal government power are being leveraged in a big way.
Modernity is unthinkable without capitalism, yet Ayn Rand defined capitalism as an unknown ideal, one whose benefits people did not understand
If we’re living in late-stage capitalism, why have big companies like General Electric and Johnson & Johnson recently broken up? Weren’t we supposed to see endless consolidation and corporations that dominate the world? You might remember Duke University Professor Mike Munger from We Have a Serious Unicorn Problem. He’s back to explain, among other things, […]
Here in Episode 4 of our series on Blockchain Economics, Lawrence H. White, Professor of Economics at George Mason University, will walk you through Hayek’s elegantly simple proposal: make private individuals and businesses free to offer their own money to compete with that of the government.
Bitcoin is a serious and direct threat to governments’ power to control and print money. So, politicians and bureaucrats are building Bitcoin into the ultimate boogeyman. It “puts the financial system at the whims of some shadowy group of super-coders,” said Senator Elizabeth Warren. Then there’s the narrative — pushed by British newspaper The Guardian […]
One thing everyone seemingly can agree on is that Pfizer, Moderna, Johnson & Johnson, and other pharmaceutical companies developed their Covid-19 vaccines in world-record time. Less than a year passed from the outbreak of the virus in January 2020 until a British woman received the first dose in December 2020. (And they could have been […]
In the 30 years since the collapse of the Soviet Union, the 15 former Soviet republics have followed widely different trajectories.
The history of Marxism (and its offspring, Communism) in Latin America is a sordid one. Many of its brutal dictators, including Fidel Castro, Hugo Chavez, and Pedro Castillo, have used the Marxist doctrine as a stepstool to power. But, as this video argues, those dictators only succeeded in plunging their countries into poverty — as Marxism promises to do anywhere its ideas are adopted.
Here’s a brainbuster for you: The product on the left will help keep you alive for 6-8 weeks. It costs $4.49. The other is nothing more than pretty to look at. It costs $161. Why? This paradox — the water-diamond paradox — troubled some of the world’s greatest minds. Plato wondered about it; Copernicus and […]
The United States government is, yet again, facing a budget crisis. Government funding is set to expire on December 3, 2021 and Congress has a deadline of December 15 to raise the debt ceiling. Otherwise, the U.S. will default on its debts, and a worldwide financial collapse becomes a possibility.
Modern Monetary Theory (MMT) is part of the reason these crises — not to mention inflation — are becoming more common. It theorizes that because modern states control currency and have the power to levy taxes, they can print as much money as they want.
By embracing capitalism, Botswana went from one of the poorest nations in the world to one of the fastest growing economies.
If levied, the “billionaire tax” targeting unrealized capital gains would penalize entrepreneurship and have unprecedented destructive potential
The Chinese regime inherently rejects the ideas and values of individual liberty, meaningful economic freedom, transparency and human rights
To make a coherent defense of liberty, it is important not to neglect the philosophical and moral considerations that underpin our individual rights.
Since its publication in 1957, Ayn Rand’s Atlas Shrugged continues to have a lasting impact and remains a cornerstone of pro-liberty literature
Bitcoin and other crypto have put a lot of pressure on governments. They just can’t ignore it anymore. Some have tried really hard to control it (like China), others have embraced it completely, like El Salvador, which just legalized bitcoin as legal tender. In this video, we explore examples of obstacles some countries put on […]
When a worsening economic crisis saw anti-government protests erupt in Cuba, the regime was quick to blame U.S. sanctions instead of its own policies
The G7’s recent plan for a global minimum tax rate of 15% is a terrible idea that will hurt consumers and restrict competition.
The G7 recently reached a historic decision favoring a global corporate tax rate, aligning interests from the US government and the European Union. They want to change how corporations pay their taxes and eliminate the competition between countries with lower rates. What is behind this decision? What are the possible consequences of implementing a global tax? But most importantly, why is this such a terrible idea?
In honor of Milton Friedman’s birthday, let’s review the American economist’s greatest contributions to the advocacy of free market capitalism.