The regime would have you believe there is an inexhaustible fund somewhere which we can live off of indefinitely, and which can be squeezed forever. This attitude leads only to inflation, impoverishment, and a decline in the standard of living.
Socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would, after centuries of gains in prosperity, rediscover the meaning of hunger on a massive scale.
Government intervened into home mortgages to subsidize home buyers and make home ownership more "affordable." As with most interventions, the results have backfired as home prices and mortgage rates skyrocket.
As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects.
As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects.
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.
The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill.
