By their nature, free markets promote harmony between people and increase overall standards of living. This view is radically different from the ones promoted by Marxists who believe that only “class interests” matter.
Category:
Politics
Organizations like the European Union and the United Nations are inventions of government elites and are designed to serve the interests of government elites. They centralize political power and do nothing to advance peace or freedom.
Totalitarian bureaucracy necessitates a constant state of crisis and there is no better creator of crises than imperial machinations.
We’ve just released the first two video lectures in Jonathan Newman’s new online course based on Dr. Murphy’s Lessons For the Young Economist, on our recently refurbished Mises Academy platform.
We spend very little time and effort learning about what the hundreds of government agencies are doing. Agencies like the Fed exist to exercise monopoly power and enrich a few at the expense of the many.
Americans like to believe that the US is a wealthy, indestructible country, but as government debt piles up and inflation ravages the economy, perhaps they need to start worrying. Our present path is unsustainable.
The greatest innovations don’t emerge from a checklist; they arise from an obsession with understanding something that others overlook.
The New York Times recently ran a detailed report on US involvement in the Ukraine-Russia war and—surprise!—the Biden administration regularly lied to American voters about the extent of the US military presence.
President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either the law of supply and demand does not apply to trade or that the American public will be uncharacteristically fine with higher prices.
What should economists do, and are we doing it?