Will Automation Make us Poor?
The benefit of automation is that it leads to an increase in real wages. This was true 100 years ago, and it is still true today.
Political Theory
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Rum and Socialism Don’t Mix
When the Cuban government stole Havana Club rum from the true owners, it set into a motion an intellectual property debate that lasts to this day.
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.
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."
