The economic success of the West and of free economies everywhere stems from the acceptance within many societies (to varying degrees) that individuals are all equal in the right to own property and exercise freedom from the collective. States, on the other hand, claim a special and exalted position within society.
Law and rights do not depend on the dictates of the state. There is growing acceptance of Jeremy Bentham’s dictum that “property is entirely the creature of law.”
Economists today have sold themselves to the enemy. To succeed they have to toe the line, and they don’t bite the hand that feeds them.
Interest rates are low, and staying low, because they are constantly manipulated by the Fed and other central banks.
The minimum wage forces the price of labor up, and rent control forces the price of rental housing down.
The battle over cattle grazing in Nevada is just the latest episode in a long history of federal regulation of lands in the American West.
Matt Drudge revolutionized the internet with his invention of the news aggregator, and we need to do something similar to find the truth about freedom and economics.
The most hard-working and intelligent people tend to go to college, but it’s not the college degree that makes them successful.
Central bank policies spread uncertainty, malinvestment, and unemployment. Only the private economy provides the necessary economic coordination.
According to some experts, sanctions imposed by the US and the European Union are likely to push Russia into a recession.
