Taxes and SpendingCalculation and KnowledgeMonetary TheoryValue and Exchange
Monetary profit is not the only kind of profit, but in a complex world, monetary profit is essential in building sustainable economies.
Taxes and SpendingWar and Foreign PolicyPolitical Theory
With the American state broke and deeply in debt, it is just a matter of time until nuclear proliferation spreads to Japan, Germany, and South Korea.
Big GovernmentLegal SystemInterventionism
Allow discrimination for anybody for any reason so that those who discriminate for the "wrong" reasons are naturally removed from the market.
Business CyclesMonetary Theory
No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.
We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.
Media and CulturePolitical TheoryPrivate Property
If the FTC really cared about the harmful effects of hidden sponsorships and fraudulent goods, it would spend all its time investigating government.
Big GovernmentThe EntrepreneurMedia and CultureStrategyPolitical Theory
As expected, this week's political convention failed to offer any real solutions to the problems we face.
Big GovernmentU.S. HistoryPrivate Property
When police are trained to regard the citizens as military opponents, bad things happen.
Global EconomyCalculation and KnowledgePrices
In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.
Media and Culture
The Blacklist's Raymond Reddington illustrates how private-sector criminals are often better than the public-sector kind.
Global EconomyFiscal TheoryInterventionism
Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."
Free MarketsLegal SystemMedia and Culture
Even if consumer protection regulation is motivated by good intentions, it inevitably undermines competition and consumer welfare.
Global EconomyWorld HistoryPolitical Theory
Here in Brazil, free-market ideas have long been ridiculed and ignored, with disastrous results.
HealthMedia and CultureTaxes and Spending
It is true that perks from pharma companies influence doctors. But pharma dollars are nothing compared to the subsidies doled out by governments.
U.S. HistoryWar and Foreign Policy
Murray Rothbard suggested that non-state insurgents were preferable to state-operated militaries. But can non-state armies ever succeed?
Big GovernmentPolitical Theory
Hillary Clinton and Donald Trump represent variations of the same political theme.
Booms and BustsBusiness CyclesMoney and Banking
The UK's exit from the EU cannot and will not, in itself, trigger malinvestments and their subsequent inevitable liquidation through a bust.
Global EconomyMoney and BanksMonetary TheoryMoney and Banking
Blind Robbery!, a new, easy-to-read book on money is a must-read for anyone who wishes to understand the damage our easy-money system is doing.
As Venezuela shows, living close to an international border can be an important lifeline. This illustrates the benefits of political decentralization.
EducationTaxes and SpendingPolitical Theory
My hope is that my new book, The Problem with Socialism, will be viewed as a companion to Henry Hazlitt's classic Economics in One Lesson.