Intermediate

Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.

Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.

David Gordon continues his critical look at Jedediah Purdy's book, Two Cheers for Politics.

Both Murray Rothbard and Harry Jaffa began as men of the Right. However, Rothbard turned toward the view that individuals possess rights outside of the state; Jaffa turned toward conservatism.

Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.

By compensating slave owners for the abolition of slavery, Great Britain ended the scourge of chattel slavery long before it was ended in the Americas.

Inflation is not a product of corporate greed or rising wages. It is a fraud perpetrated by government authorities that impoverishes average people while enriching elites.

Vaccine mandates imposed by governments violate individual rights and further the coercive powers of the state. They also violate Kantian ethical norms, turning people into vehicles to accomplish the ends of governing elites.

The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.

Global elites are relentless in their desire to recreate the world in their own image. As they turn toward food production, expect their bungling to cause huge shortages of food and worse.