What Happens in a Mixed Economy?

Richard Feynman, one of the greatest physicists of the 20th century, used to say: “Imagine how much harder physics would be if electrons had feelings.” This witty remark invites us to reflect on the difference between the immutable laws of nature and human behavior—always unpredictable, emotional, and diverse. But what happens when we try to impose centralized hegemonic control over millions of people who act according to their own interests and emotions?

Here comes Javier Milei’s definition of the market:

The Rise of “History by Theory”

History is more than a mere litany of facts. It also involves a story, or a narrative, which provides the organizing framework or unifying idea for the particular facts selected. No single historical account can report all known facts—each account selects the facts most relevant to the argument being presented. It attempts to explain why specific events occurred, and the causal factors that gave rise to those events. John V.

Should Inflation Be Defined Only as Price Increases?

If inflation is a general increase in prices, as most experts hold, then why is it regarded as bad news? What kind of damage does it do? Most experts are of the view that inflation causes speculative buying, which generates waste. Inflation, it is maintained, also erodes the real incomes of low-income earners and causes a misallocation of resources. Inflation weakens real economic growth.