Power & Market

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.

The effects of the central bank’s pandemic zero-interest policy are still with us.

Republican failure to effectively oppose Obamacare is because of failure to acknowledge that the pre-Obamacare healthcare system was seriously flawed because of government interventions.

Reality cannot be transformed by mere decrees that take issue with the conditions of the world. Removing these distortionary hurdles is necessary for economic prosperity.