Power & Market

In a libertarian world, the streets and highways would no longer be state-owned, but instead managed by private entities such as companies and cooperatives. How might this work?

In any society, there are winners. But how do they win? Successful entrepreneurs innovate, take risks, and satisfy consumer needs in a competitive marketplace.

Grover Cleveland has been called “the last good Democrat,” “the last Jeffersonian,” and “the last good president from a classical-liberal perspective.”

Normal people suffer from expensive power and blackouts while Europe‘s ruling regimes double down on unreliable “green” energy.

News this week that Elon Musk will soon be departing his “Department of Government Efficiency” (DOGE) is a grim reminder of what happens when you challenge big spending DC.

They‘re at it again, except this time it‘s to tell the plebs to “just deal with it” when it comes to import taxes (i.e., “tariffs”) that Americans will have to pay on foods sourced from places outside the United States.

Foreign direct aid has failed to alleviate worldwide poverty. Nations with secure property rights and the institutions that foster them have prospered.

The gold price kissed $3,500 last week before backing off. The late Burt Blumert once told me “in tough times fortunes change hands.” For some, that time has come.

Profits aren’t immoral—they’re necessary. Just as organisms need a net energy surplus to live, societies need profits to sustain themselves.

The latest bogus narrative of this sort comes from one of my readers who is convinced that Trump is right in denouncing those central bankers who inflate too little.