Mainstream economists and others speak of the Consumer Price Index as the measure of inflation. Yet, the CPI is nothing more than a weighted average of numbers put into an arbitrary formula. It is time to end this statistical charade for good.
As the US economy slowly deteriorates, the government's response is to intervene and to inflate. This does not end well.
Prices in veterinary services for pets have skyrocketed in the UK since 2020, but the only solution interventionists can find is antitrust policy.
The central philosophy of progressivism is that we should be governed by so-called experts. What happens, however, when the “experts” are just plain wrong?
Once again, the Trump administration’s “dealmaking” on international trade has blown up, this time pulling the rug from under US soybean farmers. This isn’t the first trade policy fiasco, nor will it be the last.
Once again, the Trump administration’s “dealmaking” on international trade has blown up, this time pulling the rug from under US soybean farmers. This isn’t the first trade policy fiasco, nor will it be the last.
The people of Iran suffer not only from authoritarian rule, but they also are victims of an economy in which the authoritarian rulers engage in central economic planning that is destroying the economy. It’s an economy based upon plunder, not production.
This week, Dr. David Gordon reviews Ivan Eland's A Balance of Titans. While admiring Eland’s call for less intervention, Dr. Gordon asks why the US needs to intervene militarily overseas at all.
Reality cannot be transformed by mere decrees that take issue with the conditions of the world. Removing these distortionary hurdles is necessary for economic prosperity.
While libertarians, and many conservatives, often rightly discuss problems of government intervention, there is a counterintuitive category where the government simultaneously monopolizes, taxes, and refuses to provide promised services.
