The Foundation for Economic Education The Freeman 1985

Ironically Keynes warned against the Keynesianism that has produced Sanders and Trump.

Nevada has ruled that online fantasy sports are subject to gambling laws and licensure in the state. The two largest firms, FanDuel and DraftKings, have halted all business in the state while the legal fog clears.

Irwin Schiff, imprisoned for his resistance to the federal income tax, died yesterday. Efforts by his son, the noted financial commentator Peter Schiff, to secure his release from prison so that he could die with his family were unsuccessful. Schiff’s sad passing illustrates an essential truth about the state: if you resist its orders, you will be dealt with by force.

In this week’s debate, Bernie Sanders claimed that the United States has the highest rate of childhood poverty. CBS reports that Sanders said: “We should not be the country that has the highest rate of childhood poverty of any major country and more wealth and income inequality than any other country,”

On Tuesday, Vermont Senator Bernie Sanders stood up on the stage of a Democratic Party presidential debate and proudly proclaimed himself a “democratic socialist” to an adoring crowd. Spurred on by myths about the success of socialism in countries like Sweden and Norway, the horrors of a centrally planned economy have never been more popular in American politics.

The Economist discussed recently the necessary ‘devolution’ of the Scandinavian model in Norway, following similar trends in Sweden and Denmark. The article makes several good points about the effects of bureaucratization and high-tax welfare on entrepreneurship and corporate culture in a coun

The Nobel Prize just gets cheaper and cheaper. Recent laureate Bob Shiller graces the New York Times with his latest rant that free-markets stink, bolstering his argument by making stuff up.

Well at least one of the candidates vying for the Republican or Democratic presidential nomination appears to have a reasonable grasp of current  economic reality and the complicity of the  Federal Reserve in exacerbating an impending financial disaster. In an interview with The Hill, Donald Trump blasted  the 2010 Dodd-Frank Wall Street reform law as a “disaster.”   Trump noted that despite Dodd-Frank “we’re in a bubble rig

The “true money supply” measure is a measure of the money supply pioneered by Murray Rothbard and Joseph Salerno and is designed to provide a better measure than M2. The Mises Institute now offers monthly updates on the TMS metric and its growth. See here for July’s update. During August 2015 (the most recent data available), the TMS increased 8.5 percent over the TMS during August 2014.