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…
In the not-so-distant past, political leaders from both sides of the aisle in the United States held a general consensus on the benefits of free trade.
During their presidential campaigns in 2000, Al Gore and George Bush, despite their differences, at least agreed on the merits of fostering open markets.
Fast forward to the present day and we find Joe Biden and Donald Trump endorsing staunchly protectionist policies.
Let’s explore what caused this complete 180 and who bears the brunt when trade is restricted.
On November 7, 2023, voters in Ohio approved the Regulate Marijuana Like Alcohol initiative, listed on the ballot as Issue 2. With almost 57 percent of voters in favor, Ohio thus becomes the 24th state to legalize recreational marijuana. Now, let’s take a look at what happens next and what exactly the legalization of marijuana in Ohio will look like?
The 2003 Rose Revolution marked a pivotal moment in Georgia’s political and economic history. Following new presidential and parliamentary elections, significant pro-market reforms were introduced to address the severe economic condition. The results were remarkable…
A former U.S. Representative for Michigan’s 3rd congressional district, Justin Amash stood out for his commitment to upholding the Constitution and pro-liberty principles.
One of the most compelling aspects of Justin Amash’s political journey lies in his unapologetic exposure of the deeply flawed political system he witnessed firsthand.
This Halloween, let’s look back at some terrifying incidents from the recent past that should not be forgotten. For the best part of two years, beginning in March 2020, attempts to mitigate the COVID-19 pandemic involved governments around the world seizing new powers and further expanding the scope of the state.
Although highly unknown beyond the Free Syria movement, an often-forgotten cause, Ibrahim Qashoush was a popular singer during the beginning of the Syrian Revolution. He soon became one of the countless victims of the Assad regime’s brutality. This is his story.
Time to peel back the oniony layers of the food industry according to free-market principles.
Our mission: to understand how market distortions such as food subsidies are contributing to poor health in America.
The most compelling case for why socialism is immoral comes from someone with first-hand experience. This is the story of a Soviet refugee, one whose experiences and insights lay bare a truth that challenges the very foundations of socialism.
On October 22, Argentina is poised to hold the first round of the 2023 Presidential Elections, determining the successor to the Peronist Alberto Fernandez. Following the primaries, Javier Milei, who describes himself as an anarcho-capitalist, emerged as the frontrunner. Could Argentina be set to embark on a radical new journey?
In the debate about school choice, one argument pops up again and again from those who oppose it: that school choice primarily benefits more affluent families, leaving working-class and lower-income families behind. But this argument neglects the advantages that school choice offers to those who need it most. Here are seven ways school choice benefits poorer students…
Safety is, of course, to be valued, but some important questions do arise, particularly in the context of our 21st-century challenges: Are we sacrificing too much freedom in the pursuit of safety? Is freedom more important than safety, and if so, why?
Along the Danube River in South-Central Europe lies a distinctive parcel of land between Croatia and Serbia. In 2015, Vit Jedlička and a few others proclaimed the territory as the Free Republic of Liberland. But can and should Liberland become an internationally-recognized, sovereign nation?
In the pantheon of economic thought, Adam Smith stands as a colossus, a philosopher whose seminal work, The Wealth of Nations, fundamentally shaped our understanding of free markets and the power of individual self-interest to fuel societal progress. But what would he write about today’s issues?
Right now, activists in Bosnia and Herzegovina, specifically within the region of Republika Srpska, are bracing themselves for an array of new challenges as the government plans to enact a law that will impose strict oversight and intense scrutiny of non-governmental organizations. Those receiving funding from abroad will be required to register as “foreign agents.”
For the Canadian Government, Bill C-11 heralds a fresh avenue for regulation and control. It is a mechanism for both reprimanding adversaries and rewarding lobbyists. Naturally, this government dominance over media comes at the cost of freedom and diversity of content online. Here’s what’s at stake…
Intrigued about a fresh take on personal growth and self-discovery that emphasizes individualism, liberty, and rational self-interest? Let’s take a look at 7 controversial life lessons that really shouldn’t be controversial at all…
On March 6, 2021, the streets of several Portuguese cities were adorned with communist flags and other decorations. These scenes looked like they were straight out of the Soviet Union or perhaps a present-day communist country. In reality, though, we’re talking about cities like Lisbon or Porto. But why is communism still a thing in Portugal?
This month’s devastating floods affecting Libya have brought the country back to the forefront of international media. In the annals of international relations, Libya stands as a stark reminder of the perils of interventionism.
After its extensive development in Greece and (to a lesser extent) Rome, the notion of liberty was largely forgotten during the subsequent medieval era. During this time, a culture of intense military domination emerged, leading the European population to submit to regimes that caused a decline in both political and individual autonomy, and consigning ancient Greek democratic institutions to history.
Antitrust law will likely affect you personally, either targeting a company you patronize or even your employer. With big changes on the horizon for competition enforcement, here are five popular misconceptions surrounding antitrust…
Immigration has been a huge driving force behind creating America as we know it today. Without immigrants, or with far fewer immigrants, it would be impossible to imagine the United States developing into the world’s dominant economic powerhouse as it did. Opposition to immigration has been allowed to gradually place the American dream out of reach for so many ambitious individuals and deprive the country of further potential in the process.
In each instance, the state’s attempts to prohibit drugs not only failed but significantly worsened the problem. Prohibition created room for a monopoly, as drug traffickers who dared to maintain their production quickly took control of the entire market of the prohibited substance.
Understanding that it is governments – not free markets – that create harmful monopolies is monumentally essential in order to harbor a comprehension of basic economic principles.