Like bad money driving out good money, government intervention can also create Gresham’s law conditions for entrepreneurs. Using the political process, bad entrepreneurs can get government to regulate entrepreneurial competition out of business.
Contra Keynesians, who believe that government spending and bureaucracy are the keys to economic growth, it is the bureaucratic state that swallows resources and stifles entrepreneurs. The more powerful the bureaucracy, the lower the standard of living.
In 1972, members of the newly created Libertarian Party wanted Murray Rothbard to be their candidate in the coming presidential run.
The mentality of Build Back Better is not just confined to the US. Around the world, governments are resorting to the ancient tradition of using massive amounts of resources to build things that glorify the state, not add to the economy.
Anarchy is not chaos, and the state does not provide order.
Congress claims to have targeted TikTok because China's government allegedly uses it to spy on Americans. Besides dealing with a nonexistent threat, the bill gives the federal government vast new powers to misuse.
Congress claims to have targeted TikTok because China's government allegedly uses it to spy on Americans. Besides dealing with a nonexistent threat, the bill gives the federal government vast new powers to misuse.
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.
What makes an entity a property that can be owned is morality.
On April 10th, the Bureau of Labor Statistics reported figures for the March Consumer Pr
