The emergence of economics as a new branch of knowledge was one of the most portentous events in the history of mankind. In paving the way for private capitalistic enterprise it transformed within a few generations all human affairs more radically than the preceding ten thousand years had done. From the day of their birth to the day of their demise, the denizens of a capitalistic country are every minute benefited by the marvelous achievements of the capitalistic ways of thinking and acting.

Last week cable channel HBO premiered the documentary Breslin and Hamill: Deadline Artists. Regardless of one’s politics, it’s a very interesting and entertaining look into print media’s grand past, and at two of the greats (Pete Hamill and the late Jimmy Breslin) when it came to columns that gave readers the impression they were walking the streets alongside these most street-smart of writers.

In the midst of the 2018-2019 Shutdown, active members of the US Coast Guard did not receive paychecks on time.

I wrote a couple of days ago about America’s best and worst cities for pro-market policy, and I noted that there are several rankings of economic liberty for states and nations.

According to a recent report from the Centers for Disease Control (”Mortality in the United States, 2017“), “Life expectancy for the U.S. population declined to 78.6 years in 2017,” largely due to obesity and drug addiction.

The American life expectancy trend does not reflect global trends, however.

Tom and I talked about how governments make housing less affordable, and how the best way to make housing more affordable is to build more. But both government planners and private owners will often join forces to prevent new housing from being built. Thus, the most commons “solution” ends up being schemes to subsidize housing.

ABSTRACT: Murray Rothbard developed the concept of decision-making rent as a return to a kind of unhirable labor performed by the entrepreneur in his role as owner and ultimate decision-maker of the firm. Rothbard conceived owner’s rent as separate from profit and loss and the decision-making function as concerned with productive organization and technique, which is distinct from the function of forecasting uncertain future market conditions.