Intermediate

Leftists claim that developing nations are poor because Western nations once practiced colonialism. The truth is that empires do not foster economic growth.

As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.

How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

The Federal Trade Commission is heavily scrutinizing the proposed merger between Microsoft and Activision. Why? Because Sony is against it.

One of the standard doctrines of mainstream economics is that the assumptions of a model do not have to reflect reality. Austrian economics vociferously disagrees.

As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.

The State of California, unable to unionize fast food workers, now is trying to create workers councils that will set labor policies for fast food restaurants. This will not end well.

In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false.

The Fed's latest attempt to correct the inflation it caused is putting the market on a crash course.

Rational choice theory claims that people in the political realm act in their own self-interest. However, in today's political climate, many people act against their own interests to avoid being attacked by others.