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.
Short answer: Yes, you should be able to pay for sex. When two consenting people (a prostitute and her client) agree to a trade (money for sex), and that trade doesn’t immediately, directly, or violently affect a third party, they should be free to make that trade. By the way, you should also be able […]
Despite claims of environmental harm, Bitcoin’s impact is minimal compared to its global benefits!
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
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.
Since they first seized power, Soviet leaders have claimed their “democracy” to be the best in history. However, their understanding of democracy differs significantly from that of the United States and other Western nations.
This second piece of a series addressing myths about the Union of Soviet Socialist Republics (USSR) will focus on the country’s strange legacy on democracy and minority rights.
From automated factory assembly lines to helping you cheat on your college term paper, AI is doing things today that were barely imagined only a few short years ago. As such, you might be wondering, “is my job at risk of being taken over by robots?” or “will we all end up unemployed?”
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.
If, like for most people, prices are an important factor in what foods you choose to buy, government subsidies have a significant impact on what ends up on your plate.
Walk down any aisle, and you’re likely to come across high-fructose corn syrup. This commonly used artificial sweetener owes its prevalence to government handouts to the corn industry. Generous subsidies enable the widespread use of high-fructose corn syrup, contributing to the overconsumption of sugary foods.
The Grace Richardson Fund, a private foundation under the visionary leadership of President Rod Richardson, has been a trailblazer for free-market environmentalism
Sen̓áḵw is a $3-billion, 11-tower real estate development in Vancouver, set to be built on Squamish Nation reserve land. The project, named after the ancestral territory the Squamish people were removed from in 1913, is a sustainable village developed in partnership with Westbank.
The example set by the Sen̓áḵw development project shows us what we could have in other places too, if only the state — and the NIMBYs whose interests they serve — would step aside and let progress unfold.
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.”
In the 15 years since the Genesis Block, the first set of 50 BTCs, was mined in January 2009, Bitcoin’s profile and impact on the global economy has increased exponentially. Hundreds of millions of people around the world have begun to recognize the merits of the truly revolutionary concept of a decentralized peer-to-peer currency.
For the first time since the Great Depression, a majority of young adults in the U.S. aged 18-29 live with their parents.
The intensifying housing crisis across the United States and worldwide is a pressing concern, particularly for Millennials and Gen Z, who are often priced out of getting their own place for far longer than what has been the norm for previous generations.
Such a crisis inevitably prompts a blame game. But who or what is really to blame?
Imagine having to pay and jump through hoops for the government to allow you to work. That’s essentially how occupational licensing works.
Occupational licensing is a system that disproportionately burdens and oppresses the economically disadvantaged, hindering social mobility.
Looking at inequality doesn’t tell us anything substantial about prosperity in a given country. Is inequality the real problem, or is it poverty?
A cashless society: the International Monetary Fund (IMF) calls it the future of money. The World Economic Forum (WEF) was enthusiastic about the concept way before it was cool. In the United States, the usual suspects such as the Brookings Institute and the New York Times ask our leaders to have the boldness and courage to follow this new path.
Even Santa’s elves can’t repeal the laws of supply and demand.
In recent years, the concept of Central Bank Digital Currencies (CBDCs) has gained increasing traction across the globe, with proponents lauding the potential benefits of a digitized monetary system.
However, when we explore the real-life implications of CBDCs, it becomes increasingly clear that the rush toward digital currencies controlled by central banks poses a significant threat to individual liberty.
Last Christmas, Pope Francis criticized holiday consumerism, saying that ours is “a society often intoxicated by consumerism … wealth and extravagance.”
To understand why this sort of critique is mistaken, and why consumerism and capitalism deserve our love at Christmastime and throughout the year, we need to go back to basics.
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…