The Free Market

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Economics as a Vocation

Education

11/07/2018The Free Market
As Mises put it "The development of a profession of economists is an offshoot of interventionism."
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England's Levellers: The World's First Libertarian Movement

World History

09/07/2014The Free Market
The first-ever libertarians were the Levellers, an English political movement active in the seventeenth century.
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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.
Formats
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Economics for Kids

Education

07/01/2006The Free Market
My goal with these fifth graders was not just to introduce them to the basics of economic science, but to inoculate them against future attempts to teach them bad economics. By showing them that trade, money, savings, competition, and prices all have distinctly human origins and purposes, I hoped...
Formats

julyaug06_0.pdf

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Economics of Cigarette Taxes

Taxes and Spending

06/01/2003The Free Market
Last week the Peach State continued to buck the national trend. By a vote of 127 to 47, the Georgia House of Representatives defeated Governor Sonny Perdue's proposal to raise the state's tax on cigarettes from 12¢ per pack to 58¢ per pack.
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Emancipate the Consumer

Big GovernmentThe EnvironmentFree Markets

02/01/2002The Free Market
Consumer protection regulation is the consumer’s worst nightmare. In fact, it is not protective at all. It is merely another one of those regulatory rackets that has the appearance of providing necessary security for a collective group in an entirely positive sense while encompassing no negatives...
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Economists for Sale

Other Schools of Thought

01/01/2001The Free Market
The latest outrage from the Profession that Gave Us John Maynard Keynes, John Kenneth Galbraith, and Paul Samuelson is in the form of a story in The Economist .
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End of Sales Tax, The

Taxes and Spending

04/01/2000The Free Market
The Virginia legislature has been toying with the idea of curbing or even abolishing sales taxes. The idea comes in response to merchants who fear that they are losing because of the availability of untaxed goods purchased over the web. Whether big changes in the tax code happen this year or five...
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Economists and the State

Big GovernmentInterventionism

08/01/1999The Free Market
When Janet Yellen, Clinton's chair of the Council of Economic Advisors, resigned her post, she said it was for purely personal reasons. But according to inside reports, the personal reasons included frustration at having to lie day-in and day-out. No matter what the economic data of the week, she...
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Economics of Social Collapse

Money and BanksWar and Foreign PolicyMoney and Banking

07/01/1999The Free Market
Civilization is subverted by inflation. Readers old enough to remember 13 percent inflation remember how it turned life upside down. Savers were considered to be suckers while financial profligacy was considered wise. Plans of a lifetime were gutted, employees were always angry, and businessmen...
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