Bureaucracy and Regulation

What are the things that undermine and ultimately destroy an economy and our standard of living? Dr. Mark Thornton presents seven reasons why our economy is deteriorating.

While US politicians are presenting policy prescriptions to make life more affordable, none of them are proposing what really would end this crisis: free markets.

Politicians now are campaigning on “affordability,” but their idea of making things in life more “affordable” consists of numerous interventions into free markets that ultimately make things more costly.

As the US economy slowly implodes, the government causing the implosion is not done with its economic destruction. The Federal Reserve remains the engine of inflation, while tariffs and other interventions help to finish the job.

Government transit in the US is going from bad to worse. Systems are breaking down and law-abiding riders face dangers of assault, robbery, and murder. The current “solution”? Spend even more money on these systems.

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it.

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it.

The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other fear is that it will bring about socialism. Neither is true.

50-year mortgages are likely to increase the likelihood of more "owners" becoming underwater and walking away from their mortgages. This will lead to more bailouts for the financial sector. Taxpayers will pay the price. 

Europe’s eye-watering tax levels are a leading cause of stagnation of European economies, as well as the symptom par excellence of statist gluttony.