Economic Freedom

Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.

As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Far from being an “existential threat,” AI is a tool that can be used for good or ill.

Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical proposition

As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Far from being an “existential threat,” AI is a tool that can be used for good or ill.

Welfare is usually seen as state-run activity. Yet, as Mises and others have noted, state-sponsored welfare undermines the economy and expands government power. Private charity is the only system that is sustainable and just.

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.

Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical proposition

Across the country, more young people are realizing that learning a trade is a better path than going to college.

It has become painfully obvious that we will not reverse the current march toward statism by “electing the right people.” Violent revolution is not the answer either. We need to change the Western mindset—before it is too late.

Nobel-winning economist Joe Stiglitz believes that the path to freedom is . . . less freedom. Of course, he doesn’t package his advocacy of socialism as the diminishing of freedom but rather as expanding freedom by restraining economic freedom.