The Jones Act: 100 Years of Failed Protectionism
June 5 marks the one hundredth anniversary of the Jones Act, a law passed to protect the domestic water transportation industry from outside competition.
June 5 marks the one hundredth anniversary of the Jones Act, a law passed to protect the domestic water transportation industry from outside competition.
GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.
Not all (or even most) police are needlessly violent. But it is rational to conclude, upon seeing a person in a police uniform, that this person can—if he wishes to—abuse his power with near impunity.
COVID lockdowns (1) threw millions out of work, (2) increased police harassment of peaceful people, (3) cut people off from key institutions that reduce social conflict. This made a volatile situation far worse.
Free the liquor stores to sell what products they want, what days of the week they want, what hours they want, and to whom they want.
The next time lockdown fetishists demand more coerced social distancing, many will say: "Social distancing didn't matter to these experts very much back during the protests in June. Why should we believe them now?"
Alex Salter explains discusses his recent article (with Vincent Geloso) criticizing "state capacity" as an explanation for economic development.
Patrick Newman presented this talk at the Mises Meetup at Avondale Brewing Company in Birmingham, Alabama, on June 6, 2020.
Neurosurgeon Chengyuan Wu discusses Elon Musk’s initiative to create a new brain-human interface using implants in the brain that communicate with the environment.
COVID-19 is not really a "national" issue. It has affected different areas in very different ways.
The United States has been trying to provoke China into a conflict for years. But Americans benefit far more from peace with China. We shouldn't fall for the state's latest hate campaign against foreigners.
When you hear a cop has been fired from his job for some heinous act, be sure to check back a few months later. He may have been rehired thanks to the fact that it's very easy for cops to appeal termination and win.
Police are not legally obligated to provide protection from criminals. Nor are they motivated to go after hardened criminals or investigate violent crime. Self defense (or private security) is the only reliable option.
Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear of a liquidity crisis, credit crunch, and worse.
The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.
Judge Andrew P. Napolitano joins Jeff Deist for an in-depth look at the legal crisis facing America in the wake of COVID-19 and ongoing civil unrest.
Executive orders are inherently suspect and generally bad, not simply because of (at this point laughable) constitutional concerns, but because they establish another layer of de facto "laws" for which you and I have little legal recourse.
It’s important to call the government and media on this unholy alliance, whether you view their targets as sympathetic or not. If we stay silent when they come for our enemies, they will ultimately come for us.
Ultimately, we need not rely on the government (i.e., the “king’s men” putting Humpty-Dumpty back together again). People acting freely in a marketplace could do it all by themselves. If only the government would let them.
The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even worse.