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 leading contender.
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
Recently, Cuba has seen an unprecedented wave of protests against the ruling communist regime. Could freedom be on the horizon for Cuba?
Within and beyond her literature, Zora Neale Hurston was an outspoken anti-communist who opposed both the New Deal and interventionism abroad
Valentine’s Day is only possible because of free markets. Our ability to appreciate and enjoy Valentine’s Day is the direct result of the wealth created by markets.
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.
In which economist Michael Munger explains jokes, making them funnier. Seriously though, if you want to know why economist jokes exist, this is your jam.
The market can route self-interest toward the common good. But the market channels altruism better than the state too.
The astonishing growth in SEZs qualifies as a revolution of sorts, but not the usual, political kind.
Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]