Labor unions are exempted from federal antitrust laws including the Sherman Antitrust Act, which outlaws “conspiracies in restraint of trade.” This is not a bad thing: Everyone should be exempted from antitrust laws. They are an assault on property rights and because their rulings are so arbitrary they are incompatible with justice and fairness. They are also a tool of rent-seeking businesses who practice “lawfare” by routinely suing their superior competitors for dropping their prices, improving their products, and serving their customers better than they do.

Fundamentally, there are only two forms of economic and political organization—centralized or distributed. The distributed model is based upon the principle of subsidiarity, which is, “an organizing principle that matters ought to be handled by the smallest, lowest or least centralized competent authority.” Governments today are in the centralized category. By contrast, the free market—to the extent it was allowed to operate in the age of classical liberalism—was a model of power distribution.

Federal Reserve technocrats like to use a variety of slogans and buzzwords designed to make the Federal Reserve look like it’s an apolitical, “scientific” institution guided only by a quest for sound management of the economy.

On his podcast Wealth Formula, Buck Joffrey recently covered, together with his guest Richard Duncan, the Austrian School of Economics. Despite being only 42 minutes long, the episode is packed full of errors and fallacies. Superficially, there is no reason for anyone to watch the episode, let alone for someone to write a response correcting the many misconceptions therein contained.

In the final stretch of any presidential campaign, the goal is to attract any remaining undecided voters. This usually means that candidates moderate and soften their messaging, especially in comparison to the proposals and rhetoric used to attain the nomination of their respective parties earlier in the campaign. This was on full display in last night’s vice-presidential debate between J.D. Vance and Tim Walz.

Known as a “symbol of human wisdom,” Albert Einstein is undoubtedly one of the greatest physicists of the 20th century, he gained fame not only for his scientific achievements but also for his call for peace, freedom, and justice. Humility, kindness, and compassionate humanity all added much to his personal charm. However, no one is perfect, and Einstein was no exception.