Economic Freedom

Economics starts and ends with scarcity, an inescapable reality of human existence. Antieconomics, personified today by MMT, starts with abundance and works backward. 

Massive "fiscal stimulus" programs by European governments failed to reduce unemployment. The latest buzzword from the Continent is the "entrepreneurial state," based upon the delusion that government spending and regulation are responsible for wealth creation by private entrepreneurs.

John Tamny chronicles the profound ignorance and malfeasance of policymakers at all levels during 2020.

Was covid merely the excuse to justify new police powers under the guise of public health—powers politicians will use to impose draconian controls in the future?

After more than a year of unprecedented state intervention in our private lives, have Americans accepted a grim "new normal"?

The behavioral economics-based "new development economics" is just like the old development economics, say Espinosa and Carreiro. The Austrian theory of dynamic efficiency offers a useful path forward.

Using an unbiased rubric to evaluate political doctrines reveals that spectrum polarization depends on three conditions: attitudes toward private property, individual freedom, and wealth redistribution.

In some cultures, entrepreneurial achievement and capital accumulations are viewed with high levels of suspicion and envy. This can be disastrous for economic progress. 

The Henry Hazlitt Memorial Lecture.

Today would have been Burt Blumert's ninety-second birthday