It Is Time to Treat Higher Education as the Business It Is

So many of the problems with higher education stem from the involvement of government in the market.

Not a day goes by without a TikTok video surfacing of unhappy Gen-Zers or millennials lamenting their career choices that stemmed from college education. On top of this, student debt has become a hot-button political issue. And nearly every conservative laments the rise of such degrees as “gender studies” or “sociology” that seem to be little more than proxies for progressive ideological indoctrination with a price tag. Higher education has become a mess.

Biden and Trump Prove That They Still Don’t Understand the Economy

The American people have the great pleasure of electing either Joe Biden or Donald Trump as president this year. With the election approaching, formal debates between the candidates have begun. A lot has been said about President Biden’s shaky performance or former President Trump’s comments on the 2020 election, but their comments on the economy or trade have seen less attention. Both presidents spent trillions on government programs, increased the national debt, and participated in protectionist trade policies.

Rushing for the Financial Exits

For this week’s episode, I wanted to find something familiar in the form of a “saying” to try and convey my thoughts about the economy as it stands today. I even thought about nursery rhymes like “ring around the Rosie” and “musical chairs,” but those did not exactly fit and did not stand up to historical or logical scrutiny the way I hoped.

The Reality of Human Action

The concept of reality is questioned by the notion, as László Krasznahorkai expressed it, that there are “many realities, or none at all.” By contrast, in Human Action, Ludwig von Mises offers a clear concept of reality, which he describes as “the whole complex of all causal relations between events, which wishful thinking cannot alter.” Building on this idea, Murray Rothbard argues that the entire science of human action can be deduced from a f

Full-Time Jobs Fall Yet Again as Total Employment Flattens

According to the most recent report from the federal government’s Bureau of Labor Statistics, the US economy added 206,000 jobs during June while the unemployment rate rose slightly to 4.1 percent. Unlike most months over the past year—which repeatedly described the employment situation as “strong” and “a blowout”—the general media narrative for the June jobs report was far less enthusiastic.