What Keeps Us Safe?

The Free Market 14, no. 3 (March 1996)

 

Look at the back of your computer monitor, the bottom of your table lamp, or the label on your hair dryer. Chances are you will see the symbol “UL” with a circle around it. It stands for Underwriters Laboratories, a firm headquartered in Northbrook, Ill., and an unsung hero of the market economy. 

Oscar1

Oscar Ortiz is an economist from Bolivia with a Master’s degree in financial engineering, he holds postgraduate

Myanmar: The Tragedy of Socialism and Military Dictatorship

Despite its breathtaking golden pagodas, vibrant culture, and welcoming people, Myanmar stands as a tragic example of how military dictatorship and oppressive governance can stifle a nation. This strategically important and resource-rich nation—located between India and China with a diverse ethnic makeup—once thrived due to its position on major trade routes. However, the socialist economy and the military dictatorship that suppresses individual liberty and economic freedom offers a sobering lesson for those who believe in liberty and limited government.

The Protectionists Have No Theory

President Trump’s tariff blitz has shocked and alienated almost all students of economic science, but he seems to have a loyal following of support among the electorate. Students of economic science have a rich history of theory to support their opposition to tariffs, such as David Hume’s Price-Specie Flow Mechanism, David Ricardo’s Law of Comparative Advantage, and Jean Baptiste-Say’s Law of Markets.