Cronyism and Corporatism

Europe's path to long-term stagnation should serve as a reminder for the United States, again, of why it is not advisable to follow the eurozone policies. The results are invariably disastrous.

There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.

There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

As 20 million Americans fall into unemployment, no crisis is so big that anyone in Washington would think of cutting military spending, including dollars spent on military gear for cops.

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

As 20 million Americans fall into unemployment, no crisis is so big that anyone in Washington would think of cutting military spending, including dollars spent on military gear for cops.

Presented at Mises University 2020.

The history of bailouts in the United States is a record of broken promises and growing moral hazard.

The largest fiscal and monetary support plan since WW II has been instigated with two dangerous collateral effects: the rise of zombie companies and the collapse of small businesses and startups.