Economic Freedom

Far from a system of exploitation, the free market peacefully harmonizes the preferences of everyone.

The US Cuban embargo continues, to the detriment of both countries. Not surprisingly, Murray Rothbard had strong opinions on the embargo, as he believed that US policies not only were self-defeating, but were outright harmful.

Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.

The media is spinning President Trump‘s “trade deals” as a “victory” for the White House. Yet, when we break down these “deals” into their particulars, we find that American producers and consumers will be worse off than before.

The media is spinning President Trump‘s “trade deals” as a “victory” for the White House. Yet, when we break down these “deals” into their particulars, we find that American producers and consumers will be worse off than before.

Original article: https://mises.org/power-market/you-created-jobs-robots

Do we save human job roles at the expense of more deeply-efficient deliveries of products and services that we love so much?

How do we define liberty? Hayek saw it as the absence of most (but not all) coercion, but that depends upon how one defines “coercion.” Murray Rothbard believed that Hayek was too willing to accept forms of coercion that were anti-freedom.

How do we define liberty? Hayek saw it as the absence of most (but not all) coercion, but that depends upon how one defines “coercion.” Murray Rothbard believed that Hayek was too willing to accept forms of coercion that were anti-freedom.

The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.”