The philosophy involved in Rob Your Neighbor, a game many families play at Christmas that involves buying generic gifts to be chosen at random, mirrors the public model of taxation.
While the Federal Reserve prints more money to buy more things for the political establishment, the rest of us work to provide them with the resources they need for less pay in terms of purchasing power. So what can we do about it? Can we create alternatives to the Federal Reserve System?
In this video, Part 2 of 2, Professor Davies answers some of the web’s most-Googled questions about economics. While these questions might seem basic, the answers are anything but. In fact, they get to the heart of not only economics but also touch on philosophy, politics, and sociology. ️🔥 CHECK OUT PART 1 ️🔥 ️For […]
While true hyperinflation does not happen often, it’s always good to know the measures you could take to overcome the challenges presented by hyperinflation if ever it occurs in your country (and the chances are never quite zero.)
In this video, Part 1 of 2, Professor Davies answers some of the web’s most-Googled questions about economics. While these questions might seem basic, the answers are anything but. In fact, they get to the heart of not only economics but also touch on philosophy, politics, and sociology. Be sure to subscribe and ring the […]
The socialism vs. capitalism debate is tired and stale. If you look at any media on the topic, you’ll find people rehearsing the same, boring arguments. “Socialism doesn’t work because human nature is flawed! Socialism doesn’t work because nobody would be incentivized to work! Socialism is inefficient!” Of course, these statements are true. However, they are not convincing for those who don’t believe them. Next time you find yourself into a debate, use these arguments to tackle the root cause of what you’re discussing…
In economics, unlike in math, constant relations not only are not possible, but can’t exist. Because economics involves the behavior of human beings, not numbers or inanimate objects.
Why have socialist ideas become so attractive again, despite the fact that all socialist experiments, without exception, have failed over the past 100 years? The 2019 book by Dr. Kristian Niemietz, ‘Socialism: The Failed Idea That Never Dies,’ provides convincing answers.
The United Nations recently announced that the world’s population is now estimated to have reached 8 billion — up from 7 billion as recently as 2011. This latest milestone has seen renewed alarmism from those who believe that the planet is already overpopulated.But is population growth really such a threat to humanity? There are many reasons to believe that, quite the opposite, population growth actually amplifies opportunities for tackling humanity’s greatest challenges.
As long as half of the country believes that inflation is caused by the war in Ukraine, COVID, corporate profits, or that inflation like this is new and temporary, there will never be proper solutions. At best, it will be viewed as one of those random problems we must deal with when we have a crisis. At worst, policies like price controls and other government interventions will gain steam. Instead, we must move to cure inflation with more liberty.
Today, after record prices hit the everyday goods Americans use – food, housing, gas; everyone is familiar with the I-word. However, Americans are struggling to understand how inflation happens and why it matters so much.
It is clear that more prudent and proactive statecraft is needed; a doctrine that accepts that the sword cannot solve every problem and a retreat from world affairs will only leave space for uncertainty. Rather, the US should embrace the prospect of working alongside diverse partners to make the world more resilient to the forces that seek to undermine free societies.
Economic competition in functioning market economies it the best surefire way to reduce global poverty. That, and letting people leave poor countries for rich ones.
Objectivism is consistently mischaracterized and stereotyped in popular media, and is blamed as responsible for any right-leaning political development. Here are five common myths that you may have heard about Ayn Rand.
As world maritime trade increases, and the ocean’s critical role in human affairs grows, the United States will continue to fall behind. Congress should end or fundamentally alter the Jones Act. To do otherwise would be unjust.
Just because something’s ancient doesn’t mean it’s wise. And just because Confucius (or even some other thinker of renown — even if that’s Ludwig von Mises!) said something, doesn’t mean it’s beyond reproach.
At LibertyCon International, Spike Cohen and Destint will debate whether libertarianism is a perfect solution or an unrealistic fantasy
It used to be very easy to define political camps. You were left-wing if you were a socialist, and you were right-wing if you were a capitalist. But now the terms of the debate have changed. Economics has taken a back seat
The Great Depression is one of the most misunderstood periods in American history. Once you do a little digging, there’s more than meets the eye to this desperate time. Here are some of our top myths about the Great Depression:
Lower taxes are 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