The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.
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Murray Rothbard called egalitarianism a "revolt against nature," and he believed that the egalitarianism inherent in the Fourteenth Amendment was socially harmful. Social engineering never turns out well, but that doesn't discourage progressives from engaging in it.
Throughout history, decentralization and secession have helped pave the way for more individual freedom. Naturally, political elites want to centralize everything, thus setting off the eternal battle between centralizers and decentralizers.
His policies took more than a million people off the income tax rolls, and 98 percent of Americans paid no income tax at the end of his term. As a result, America prospered under Coolidge. Real economic growth averaged 7 percent per year while he was in office.
If we were to claim independence from the modern-day royalty of the beltway, the markets will ensure better holidays in the future.
The Supreme Court has told Maryland parents their children do not have to sit through militant LGBTQ+ indoctrination classes, violating their religious values. Previous courts had forbidden parents from “opting out” of such sessions. This is a blow against government tyranny.
For millennia prior to the dawn of the Industrial Revolution, the vast majority of men, women, and children toiled from dusk to dawn and beyond just to keep body and soul together.
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Regardless of your view of the current conflicts, one fact is indisputable. President Trump’s actions violate our traditional non-interventionist foreign policy.
While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.
The fact remains that the strategic value of nuclear arms lies almost totally on the side of defense.
In a free society, legitimate economic success does not fall from the sky or come by force. Behind every fortune lies effort, risk, savings, time, discovery, validation, and social coordination.
Don‘t kid ourselves. The federal government is hurtling toward disaster with its destructive activities underwritten by the Federal Reserve System. It‘s best that we know how to protect ourselves from the consequences.
A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.
Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.
Mixed martial arts is a brutal, imperfect, occasionally ugly sport. But it’s also one of the most honest epistemic systems we have when dealing with self-defense, and each individual has the right to defend himself against aggressors.
When Cardinal Robert Prevost was named Pope, he took the name of Pope Leo XIV. Leo XIII authored Rerum Novarum, which is the basis for Catholic social teaching and is friendlier to private property and free markets than anything the Vatican has produced since then.
When the American Revolution broke out, the American colonies were perhaps the least-taxed place on earth. How did this country move from that position to the colossus it has become today? Joshua Mawhorter provides some sobering July 4 reading to find the answer.
Britain‘s Labour Party won an overwhelming victory at the last election, and Prime Minister Keir Starmer has already following the script of Labour when it was run by communists. Already, a large number of wealthy taxpayers have left the country for lower tax havens.
As housing prices have skyrocketed in Ireland, the government did what governments do all too often: impose rent controls. Such interventions into the housing market have created downstream effects that continue to encourage even more intervention.
