Politicians calling for student loan forgiveness or free college tuition have failed to understand the larger consequences of unlimited student lending. Henry Hazlitt would have understood.
The market economy is the social system of the division of labor under private ownership of the means of production. "To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position."
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.
As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.
Is there a case to be made for universal basic income? David Gordon examines the pro-UBI arguments by philosopher Matt Zwolinski.
Supporters of US microchip policy against China claim the policy is "strategic," but in reality, it is old-fashioned protectionism with all the usual economic damage.
Governments are demanding there be "proportional" representation of women in professions that women historically have avoided. Those efforts will be unsuccessful.
In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects.
As people get older, we sometimes hear them joke that it beats the alternative, which is usually left unsaid.
For families and friends gathering for Thanksgiving this year, many will assemble in a room called the "dining room." This is a modern luxury made possible by the bourgeois merchants of old.
