The Free Market

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Entrepreneurship: The Drivng Force of the Economy

The EntrepreneurEntrepreneurship

09/07/2014The Free Market
Entrepreneurship is the driving force of a market economy, and that entrepreneurs need property rights, the rule of law, sound money, and free and open competition to be successful.
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Sweatshops: A Way Out of Poverty

Global Economy

09/07/2014The Free Market
These so-called sweatshops are part of the development process that leads to better conditions. Austrian economic theory teaches that people choose purposively to improve their situation.
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Ron Paul on The School Revolution


10/29/2013The Free Market
People during the presidential campaigns spoke of a Ron Paul Revolution. But without a revolution in education, there can be no Revolution.
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Mises Explains the Drug War

Big GovernmentHealth

09/30/2013The Free Market
Air travelers were outraged when the FAA announced that there would be flight delays because air-traffic controllers had to take furloughs as a result of sequester budget cuts. But there is another federal agency whose budget cuts Americans should be cheering—the Drug Enforcement Administration.
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The Power of the State versus the Power of Love

Political Theory

08/06/2013The Free Market
The Free Market 31, no. 8 (August 2013) For thousands of years, philosophers have argued that society must invest great power in the rulers because only great power can hold back the forces of evil—violence, plunder, and disorder. They have often conceded, however, that this solution has a down...


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David Stockman on his Book and the Bailouts

Booms and BustsBusiness Cycles

07/24/2013The Free Market
Greenspan took the Federal Reserve, which for years had been run by far more cautious and conservative men, and turned it into a machine for fine-tuning every aspect of the economy.


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Obamacare and Other Disasters

Big GovernmentHealthMedia and CultureInterventionism

06/11/2013The Free Market
David Gordon gives a review of John R Lott's At the Brink: Will Obama Push Us Over the Edge?.


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Lilly Ledbetter Re-considered

Big GovernmentInterventionism

05/02/2013The Free Market
The real problem in our current regulated market is that due to government intervention in a cartelized tire industry, we now pay more for tires and there are fewer of them.


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How Economic Progress Is Made

The Entrepreneur

04/03/2013The Free Market
The Free Market 31, no. 4 (April 2013) T he remarkable prosperity that people in capitalist economies enjoy at the beginning of the twenty-first century ranks at the very top of all achievements of human civilization. This prosperity is all the more remarkable when one realizes that the economic...


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Without the State, Who Would Invent Tang?

The EntrepreneurMoney and BanksMoney and Banking

03/01/2013The Free Market
During the 2012 presidential campaign, President Obama made his now famous claim that “you didn’t build that” in reference to the infrastructure that businesses use to provide goods and services to customers.


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