Interventionism

Lucas Engelhardt explores the economics of interventionism, tracing Ludwig von Mises’s core argument that state interference in markets is both self-defeating and inherently unstable.

Progressives blame all the recent wildfires on "climate change," but the real culprit is government mismanagement of public forests and grasslands. The recent fire at the North Rim of the Grand Canyon is yet another example.

Progressives blame all the recent wildfires on “climate change,” but the real culprit is government mismanagement of public forests and grasslands. The recent fire at the North Rim of the Grand Canyon is yet another example.

Reich, Elizabeth Warren, and other leftists never address the root cause of what they correctly diagnose as excessive corporate power: the Federal Reserve.

As housing prices have skyrocketed in Ireland, the government did what governments do all too often: impose rent controls. Such interventions into the housing market have created downstream effects that continue to encourage even more intervention.

As housing prices have skyrocketed in Ireland, the government did what governments do all too often: impose rent controls. Such interventions into the housing market have created downstream effects that continue to encourage even more intervention.

Central planning thwarts Iran’s economy. Many Iranian government officials blame their nation’s economic demise on Western countries sanctions and not their policy choices.

Central planning thwarts Iran’s economy. Many Iranian government officials blame their nation’s economic demise on Western countries sanctions and not their policy choices.

A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.

A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.