While progressives tout foreign aid to poor countries as socially and economically beneficial, in truth it makes poor nations even poorer. Foreign aid is a poor substitute for free trade and free markets.
The recent raid on an Amish family farm is the direct result of government protectionism of big agriculture through needless and cumbersome regulations.
The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either.
Critics of Boeing are blaming free markets and the profit and loss system for recent safety failures. However, Boeing hardly operates in a free market anymore, given that half its revenues come from taxpayers.
The Ludwig von Mises Memorial Lecture. Sponsored by Yousif Almoayyed.
“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of context. While the American ruling classes insist that private enterprise is the enemy of the people, it really is our government that bears that distinction.
Many of the high-flying businesses that received massive publicity turned out to be the creation of a bubble economy. Not all businesses are flashes in a pan; many of them continue to serve as the backbone of our economy.
The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either.
Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct.
Many of the high-flying businesses that received massive publicity turned out to be the creation of a bubble economy. Not all businesses are flashes in a pan; many of them continue to serve as the backbone of our economy.
