Lower taxes are also known to contribute to long-term economic growth, and after enduring so many economic setbacks, this would be the best chance millennials have of being able to secure a brighter future.
Neoliberalism and libertarianism share many common principles despite meaning different things to different people. But what is neoliberalism in reality — and how does it relate to classical liberalism and libertarianism?
The past couple of decades may have suggested that China’s competent, authoritarian style of governance may be an alternative model for the world. However, the regime is now faced with the consequences of its actions with a slim off ramp to preserve progress and power at the same time.
The factions people ally with are going through a dramatic change, but what is driving this political realignment and what does it mean for liberty?
Despite the name, progressive economic policies actually end up having regressive effects. Let’s consider a couple of examples
In order to be able to address the root problems of inflation, we need to dispel some common myths. Here are our top five picks:
In the 30 years since the collapse of the Soviet Union, the 15 former Soviet republics have followed widely different trajectories.
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 […]
Legalization makes marijuana safer for consumers, but taxation can undo these benefits, rendering legal markets unable to compete with street dealers
By embracing capitalism, Botswana went from one of the poorest nations in the world to one of the fastest growing economies.
Last week, we wrote about Frederic Bastiat, the king of communicating economic and philosophical ideas in simple, direct (and often funny) ways. Of course, in the 19th century, Bastiat’s medium was the printed word. But if you had to find an heir to his throne in the social media era, Thomas Sowell would be a […]
This is the second of Learn Liberty’s “Legends” series. Read our first, on Ayn Rand, HERE. He never won a Nobel Prize. He never wrote a New York Times bestseller. In the history books, he doesn’t sit alongside Adam Smith, Ludwig von Mises, and Friedrich Hayek as all-time great economists. He doesn’t even have an […]
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
In honor of Milton Friedman’s birthday, let’s review the American economist’s greatest contributions to the advocacy of free market capitalism.
Recently, Cuba has seen an unprecedented wave of protests against the ruling communist regime. Could freedom be on the horizon for Cuba?
Dr. Miron has written over 100 op-eds and several books, including Drug War Crimes: The Consequences of Prohibition (2004) and Libertarianism: from A to Z (2010).
Last week, Professor Michael Munger joined us on Reddit for an “Ask Me Anything” conversation as part of the Learn Liberty Reddit AMA Series.Dr. Munger is an esteemed Professor of Political Science, Economics, and Public Policy at Duke University. He has authored/co-authored 7 books and over 200 scholarly articles. A long-time friend of the Learn Liberty project, he […]
This Tuesday, the Learn Liberty Reddit AMA Series continues with Michael C. Munger, Professor of Political Science at Duke University. UPDATE: The AMA is now live! Prior to his tenure at Duke, where he chaired the Department of Political Science for 10 years before coming to serve as Director of Undergraduate Studies, Professor Munger has also taught at Dartmouth […]
Every transaction has a cost. What should you do when it doesn’t have a benefit, too?
This isn’t an accident. This is the purpose of these regulations — to protect established businesses from competition.
Shows like Flip or Flop make it look easy to turn huge profits from renovating a home. But don’t quit your day job just yet.
Economists have an important purpose, but they often fail to serve it.
Wrestling with ethical issues can bring life to the economics classroom.
On the 8th anniversary of Minecraft’s launch, let’s take a moment to appreciate just how great it is.