What Puerto Rico Can Teach Us About the Minimum Wage
Areas where median wages are lowest are hurt the most by minimum wage increases. Puerto Rico is no exception.
Political Theory
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Venezuela’s March Toward Default
With gold reserves shrinking, and a collapsing currency, it is only a matter of time until Venezuela defaults on its foreign debt
Ruled by DC: Get the Feds Out of Western Lands
Obama's unilateral move to create National Monuments in Western states is simply the natural outcome of allowing federal control of so much land.
Prosperity = Abundant Work + Low Cost of Living
Our economy is making it harder to start businesses, keep businesses, and hire people. That's a recipe for disaster.
Jean-Baptiste Say, on the 250th Anniversary of His Birth
J.B. Say was the foremost French political economist in the early 1800s, and many of his insights are important for economists today.
Ralph Raico: Liberalism Defined
Ralph Raico delivers a witty, razor-sharp exposition of what liberalism really means.
Get Ready for Passport “Globalization”
There are two new trends in passports. One is toward a single global issuer of passports. The other is toward "citizenship by investment."
Negative Interest Rates: How Low Can They Go?
Negative rates can work because the opportunity cost of holding physical cash is not zero. Abolishing large banknotes further increases the cost.
Central Bankers Are Losing Faith in Their Own Alchemy
In his new book, central banker Mervyn King sometimes sounds like Murray Rothbard. But in the end he continues the problem of central banking control.
