The Theory of Interventionism
Mark Thornton breaks down Murray Rothbard’s theory of interventionism: why free markets lift all boats, and government meddling sinks them.
Interventionism
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Industrial Policy’s Remarkable Comeback
Industrial policy was once a relic of the 1980s, part of the failed presidential campaigns of Walter Mondale and Michael Dukakis. Unfortunately, it has reappeared in the form of policies being put forth by Donald Trump and the MAGA movement.
Nominalism and Bad Economics
Nominalist ideas influenced the scientific revolution, shaping its departure from metaphysics, its mechanistic perspective, and the mathematization of all sciences. This paradigm has brought about some errors in economic thinking.
The Immorality of Keynesian Economics
Keynesian “economics” is not just wrong; its precepts are not just based upon fallacies but also on lies. Since Keynes self-described as an “immoralist,” we shouldn‘t be surprised that his economics is immoral, too.
Wealth Generation and the Market Economy
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
Is Culture Degeneration Biological or Ideological?
Why do cultures degenerate? Robin Hanson cites biological factors, but Mises and the Austrians point directly to purposeful choices.
Price Controls and Drug Shortages in France: A Textbook Case of the Evils of Interventionism
France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime.
Price Controls and Drug Shortages in France: A Textbook Case of the Evils of Interventionism
France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime. Naturally, the French media and government blame capitalism and look to double down on the intervention that has causes this crisis.
The Spanish Blackout and the Costs of Renewable Energy
The usual suspects from the American and European elites are claiming that Spain‘s recent blackout was the result of unusual weather conditions. In truth, Spain‘s dependence upon renewable energy was to blame.
Wealth Generation and the Market Economy
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
