North Korea is one of the most heavily sanctioned regimes on earth, but in the midst of a new and young generation of North Koreans adept at using black markets, it’s clear that trade with North Korea must be embraced.
Tiny houses are a growing phenomenon as potential homeowners look to cut down on housing costs in the face of an economy rife with booms, busts, and spiking asset prices.
Downton Abbey, which returns for a fifth season in January, features an even-handed treatment of the British aristocracy. But behind this nuanced view remains the fact that titled aristocrats usually owe their positions to government favoritism and cronyism.
The Velvet Revolution, during which the people of Czechoslovakia revolted against their communist masters, turns twenty-five years old this month. Many people from formerly-communist economies have learned much from the experience, even if many in the West have not.
In an effort to open up its economy, a leading merchant in Plymouth Colony led an effort to grant full religious liberty in the colony. But the old ruling oligarchs intervened and blocked the measure's approval.
In this interview, Jeff Deist discusses taxes, his time working for Ron Paul, members of Congress, and how the Austrian movement is attracting more brilliant people than ever.
The Swiss are set to vote on a new initiative requiring the central bank to keep at least 20 percent of its assets in gold." How would such a measure be enacted and how would it affect Switzerland's economy?
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.
One hundred years ago, the combatants of World War One fought themselves to a standstill. The warring regimes then used the opportunity to clamp down on internal dissent and a host of other liberties.
Economists can use their knowledge for both good and evil, and for those in government, such knowledge is often used to deceive and make government programs look less costly than they are.
