Profiles

Be it bilateral or multilateral, dispensed directly from a government or through an international lending agency, foreign aid embodies all the failures and tragedies that have come to typify our government-run domestic poverty schemes.

After several years of scant media coverage, the Democratic People's Republic of Korea (DPRK) is back in the public spotlight. Its admission late last year that it had revived its nuclear program has caused a flurry of Washington war planning.

Foreign aid seems to many as the only answer for Iraq's shattered economy. Judging on the historical record of foreign aid, however, Iraq is in for a long, tumultuous ride. Because foreign aid is welfare for governments, the Iraqi project's success will largely depend on how little aid is...

Should scholars bother to write for the popular press? Of course. Mises wrote: "Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of...

To read the works of Bastiat is to read economic clarity and logic at its finest. However, numerous examples of the same "broken window fallacies" Bastiat debunked some 150 years ago can be found today in abundant supply. While these neoprotectionist arguments are cloaked in modern language, their...