So 2016 is limping to an end with an assassination of an ambassador, another “inspired” attack on innocents at a Christmas market, and the formal election of a master crony-capitalist to the office of the presidency of the United States.
Indian Prime Minister Narendra Modi stunned his country earlier this month when, out of the blue, he declared 85 percent of the nation’s currency notes null and void.
Indeed, classical liberals are usually much more concerned with the alleviation of poverty, rather than hand-wringing about who might have a larger slice of an ever-widening pie.
Every year the number of regulations, dictates, rules, decrees, guidelines, statutes, laws, and bylaws in the United States grows by leaps and bounds.
The Pentagon suppressed a 2015 study exposing $125 billion—yes, billion—in administrative waste, over a five year period, in order to protect its own budget from being slashed.
The holiday season is a time for love and cheer. So this Christmas, as you’re huddled in front of fire drinking eggnog and singing carols, be thankful for the wealth and opportunity that the free market has generated, and signal your love by giving a gift that matters.
At what price would you hand over your homemade Christmas cookies?
I was still a Soviet citizen when I first read some of the international documents on human, economic, and political rights.
A personal story about Vance’s climb from poor, white Appalachia to a Yale law degree and a white-collar career, Hillbilly Elegy: A Memoir of a Family and Culture in Crisis will make you laugh, cry, and think carefully about the importance of culture for economic wellbeing.
For almost a decade, Congress debated creating an immigration system free from discrimination by nationality, country of birth, or country of residence. President-elect Trump, however, now proposes to discriminate unlawfully against certain foreign nationals on the basis of the same protected grounds without any legislation from Congress.
The following words represent the generally acknowledged mindset of a bureaucrat: “Rules are rules, fella. I don’t make ‘em. I just enforce ‘em.”
Trump’s base will be hurt the most by his wealth-destroying and punitive trade policy.
Early proponents of the minimum wage advocated it not in spite of, but for its deleterious effects on minority populations.
Market economies have continually driven down the real cost of food, enabling more and more people to consume more calories and a wider variety of higher quality food.
The most far-fetched myth that I’ve encountered recently is that the wealth of the modern Western world, especially that of the United States, is the product of slavery.
So here it is — halfway through December already! That friendship you started at last year’s ISFLC, FEE seminar, or IHS conference has miraculously lasted. You are happy, and maybe even in love. And now you need a gift for your liberty-loving partner.
“I learned in economics that in ‘perfect competition’ profits are zero, so any actual profits come from some kind of monopoly power. So how could profits be good?”
Draining the swamp may be a popular political slogan, but unless the swamp is restructured and significantly reduced, even the best of us on our worst days will use political office to enhance our power at the expense of others.
As the Mercatus Center’s Scott Sumner often says, one ought never to reason from a price change. Interest rates, like other prices, can change for all sorts of reasons; the implications of the change generally depend on the particular reason for such a change.
Would you give up air travel for $100,000? What about foregoing automotive travel for $500,000? Why or why not?
Imagine a society that always encouraged you to make the right choices without forcing to make those choices.
If you missed Antony Davies’ Reddit AMA last week, fear not! We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.
December 5, 1933 is a landmark date in American Constitutional history, for it marks the only time that a constitutional amendment has been ratified to repeal another constitutional amendment.
Are you one of those people who like raisins in cookies? Too bad.