InterventionismValue and Exchange
A "universal basic income" serves to make workers and entrepreneurs less likely to produce goods and services the consumers need most.
Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.
The FedTaxes and Spending
The only way to avoid fiscal crises is to stop increasing spending and instead begin reducing spending on all aspects of the welfare-warfare state.
Corporate WelfareFree MarketsWorld History
Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?
Big GovernmentPolitical TheoryPrivate Property
Even if we agreed that states can provide certain amenities of value, state powers still become dangerously prone to abuse the larger the state grows.
Corporate WelfareTaxes and SpendingPolitical Theory
The nation braces itself for the inauguration of a new president. Politics, however, will not cure what ails us.
Free MarketsAustrian Economics Overview
What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.
Taxes and Spending
There is a lot of talk about tax reform these days. Not surprisingly, none of it involves cutting spending or lessening government revenue.
World HistoryPhilosophy and MethodologyPolitical Theory
The European Union could have been a mere union of states committed to increasing free trade and free movement. But, it has become nothing of the sort.
Shawn Ritenour and Tom Woods discuss The Mises Reader, now available from The Mises Institute.
The FedMoney and BanksMoney and Banking
If a monetary rule like the Taylor Rule is not a solution to the problem of the Fed, what is? Competition.
Today is the birthday of Butler Shaffer, a pioneer of the libertarian movement and an outstanding legal theorist.
Global EconomyMonopoly and CompetitionPolitical Theory
A state monopoly on the oil industry has been impoverishing Mexicans for decades. Yet, the market is blamed for the economy's woes.
Money and Banking
In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."
U.S. EconomyPolitical Theory
Some products are best made in the USA, and some or not. Business themselves are the only ones in the position to make an informed choice on this.
Legal SystemU.S. HistoryPolitical Theory
The Drug War has become a linchpin in the fight against continued federal centralization of power. Jeff Sessions is on the wrong side of the fight.
U.S. HistoryPolitical Theory
The inauguration events are nothing more than pro-government propaganda and fundraising. And, they will cost the taxpayers more than $100 million.
Free MarketsWorld HistoryPolitical Theory
Amazon's new cashier-less and staff-less store is just the latest move in a long history of innovations that have made workers obsolete.
Taxes and SpendingWar and Foreign PolicyCalculation and Knowledge
The military can't rationally allocate resources because it can't properly determine prices for them.
World HistoryPolitical Theory
"Bugatti capitalism," typified by hyper-inventiveness and cutting-edge technological prowess that changed the course of Italian industry.