Power & Market

f the individual cannot keep what they earn, cannot build, cannot invest, cannot act without permission, then the income from tourism is nothing but a fleeting consumption and a steady stream of rent for the ruling class.

Ironically, normal market pressures would make housing more affordable, but easy money undermines that prospect.

Leaders prone toward collectivist ideals and central planning seize upon these opportunities, thriving on divisive sentiment.

When it comes to destroying your brand, Norwegian Nobel Committee is the Bud Lite of peace prizes.

By honoring Mokyr, Aghion, and Howitt, the Nobel Committee has recognized that the future of growth depends on innovation, and that innovation begins with an idea. Ideas drive progress, and progress defines civilization.

We should stop using terms such as “trade surplus” or “trade deficit.” Trade is always a surplus and the only deficit comes from government interventions.

Many fans of Austrian economics know the MP Materials and US Rare Earth REM financing agreements will end badly with crony capitalism sourced from nonsense.

Interest rates should be determined by the market, according to its needs, to operate efficiently and effectively distribute society’s financial resources.

Many Americans fail to realize is that it is entirely possible to have tyranny with a democratically-elected system.

It is said that a political gaffe is when a politician accidentally tells the truth. This is a clear demonstration that a major American political party has readily accepted the dehumanization of its opposition.