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.
Happy birthday, Ludwig! As a Happy Birthday tribute to Ludwig von Mises (born Sept. 29, 1881), here’s what you need to know about his life … and what you need to know from his iconic treatise on economics, Human Action. The underappreciated economist Ludwig von Mises is today celebrated as one of the founding fathers […]
These free-market policies came about before most people had ever heard the term “climate change.”
Milton Friedman’s vision of school vouchers revolutionized education by fostering choice and competition.
Students For Liberty Lisbon promotes sustainability, reduction of CO2 emissions, and liberty through partnership with a private vegetable garden.
The G7’s recent plan for a global minimum tax rate of 15% is a terrible idea that will hurt consumers and restrict competition.
People sometimes ask me, “What is the most important concept in political economy?” The answer is easy, but subtle …
The economy can’t be assembled like a jigsaw puzzle, as Boris Yeltsin learned on a trip to America.
Here are some thoughts on the implications of Donald Trump assuming the presidency with respect to monetary policy.
The real minimum wage is zero, despite the best efforts of the economically illiterate public sector do-gooder.
We do not think it means what you think it means. There are a lot of polls about what millennials think about capitalism and socialism. According to these polls, millennials like socialism, but not capitalism. But what do they mean by capitalism and socialism? For reference, here are the definitions of capitalism and socialism according […]
Capitalism is frequently misrepresented on the news, on social media, and in numerous other places. These sources portray the big, evil company as the “dark side”, which is personified by a CEO. In contrast, the “mom and pop” small business owner is heroic – that is, until they become a “big player” and start “exploiting” […]
The argument no proponent of central planning has ever been able to overcome; if humans can’t be trusted with freedom, how can they be trusted with power?