Politicians are telling us that we need the government to ensure "neutrality" in how broadband resources are allocated. However, not only is neutrality in allocation impossible, the effort to do so only hands more power over to the politicians while rendering consumers powerless.
The world is teeming with skyscraper building from China to London, and a new record-setting skyscraper is planned for 2016 in Saudi Arabia. Will this skyscraper herald the next global economic crisis as Dubai's Burj Khalifa presaged the 2009 crisis?
Some promoters of big government are now worried that the government isn't spending enough taxpayer money, time, and energy on teaching the liberal arts. Society would benefit greatly from a flowering of liberal education, but do we really need the government to make that happen?
Many have tried to create a division between "political freedom" and "economic freedom." But all freedoms ultimately depend on economic freedom, and our view of economic exchange dictates our view of politics.
Korea's economy has taken off since the 1997 financial crisis, and so has Korea's cultural and economic prominence on the world stage. But is Korea repeating the mistakes of Japan and other centrally-planned boom economies?
Political dependence and economic dependence are two very different things. Political dependence is fostered by coercion and monopoly power, but economic dependence is simply a choice we make when we especially like one thing more than the alternatives.
Austrians today are nearly alone in asserting what the classical economists all knew. You cannot create prosperity by creating more money, but only through increases in technological progress, frugality, trade, and a division of labor.
Central banks and their favorite economists are everywhere worried that central banks may be too weak to keep the current “expansion” going. If central banks are too weak now, what will happen when they get the strength they want?
Free markets have provided an abundance of goods and comforts for even low-income households. But constant government intervention in the work, lives, and incomes of the poor continues to create many barriers to economic success.
