Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right.
Collective security agreements allow many countries’s politicians to shift the cost of national defense to taxpayers outside their own countr
Collective security agreements allow many countries's politicians to shift the cost of national defense to taxpayers outside their own countries. Moral hazard, belligerence, and over-reliance on military solutions often ensue.
Recently, Peter G. Klein appeared on the “The Wilkow Majority” radio program.
Mark Thornton explains why Obamacare is simply one more step along the road to health care serfdom.
Liberty-loving people are right to be appalled by the Patient Protection and Affordable Care Act. However, just about every evil in the legislation has already been inflicted on the market through fifty years of state destruction of the healthcare market.
Do we really want central banks that reward insolvency and encourage inefficiency?
As an academic and economist, few things are as frustrating and mind-boggling as the fervor with which people embrace and display their economic il
Christopher Westley reports from this year’s National Association of Business Economists Convention.
