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.
Sadly, the one-horned rhinoceros is under threat from poaching and is classified as a vulnerable species. While the medical use of rhino horn has been illegal since 1993, poaching rhinos for their horns is still an ongoing problem. Solutions are urgently needed to save Assam’s rhinos. Here is how free markets can help…
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.
To protect the environment, the way forward is through the promotion of markets and innovation, including the sharing economy, which can solve the problem far more effectively than state regulation.
Europe is often praised for its public healthcare systems that rely on sin taxes and collectivizing costs. But the Covid emergency propelled into the public debate important flaws in this type of healthcare system
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.
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.
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.
Unfortunately, a free market is not something that appears overnight, so what do we say to those who do not have equal opportunities as things stand?
What will Elon Musk’s takeover of Twitter actually mean for the future of social media and free speech online? What changes can we expect?
Reddit created an open, collaborative canvas where anyone can paint, but the only way to render a cohesive image is collaboration through spontaneous order.
Libertarians believe in negative rights and oppose infringements on people’s autonomy, but how does this work with cases of fraud?
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