Power & Market

Scandinavia is not socialist; in fact, they are often ranked far higher than socialist economies like Venezuela in terms of economic freedom.

All children eventually learn that the presents under the Christmas tree come from family and friends, who must pay for them with their own money, and not from Santa Claus.

“Equality imposed by force,” Chrysostom insists, “would achieve nothing, and do much harm.”

Imagine how many retired US military officers and former US officials-turned-lobbyists might be financially inconvenienced if we finally “just marched home”?

It’s difficult and often dangerous to depend on the government. But statists, no matter the problems, will often say government services aren’t fully funded; that almost all these services should be expanded.

President Trump announced the tariffs aiming at two goals: protecting American producers and the relocation of foreign companies to the US. People have been “protected” by being disallowed peaceful, mutually-beneficial trades with others.

What we cannot do, legitimately, is have the US government go abroad in search of the Venezuelan monster to destroy.

With employment fundamentals so weak, the real way to increase home sales is to cut prices further. That, of course, is not what sellers want to hear. 

The partisan rhetoric of the post-Civil War period was unique to its historical moment, yet not unique as a political tactic.

From the Quarterly Journal of Austrian Economics.

Abstract: