Economic Freedom

Free trade has its enemies on the left and the right. However, despite the supposed “sophistication” of their antitrade arguments, when we break them down, those arguments really are sophistry.

Marxists and leftist progressives have falsely tried to label anything associated with capitalism and free markets as "fascism." The same goes for political decentralization.

The open protocols on the internet would seem to create chaos, but it turns out that they produce the opposite results, encouraging a digital spontaneous order.

China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism.

Leonard Read's famous "I, Pencil" explained the workings of the market in terms of the creation of a simple pencil. However, we should not forget that the reviled fossil fuels are involved at every turn.

A number of Christian conservatives are claiming that markets are as coercive as government. Try boycotting the FBI or your local police the next time they do something outrageous.

President Biden says he is going to unleash regulators to bring more "competition" to the economy. This is an oxymoron.

Federal prosecutors and other law enforcement agents are turning blockchain firms into government subsidiaries. The real goal is to criminalize what really are lawful, private exchanges.

Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented.

Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves.