One of the most enduring myths of American history is that Herbert Hoover was a laissez-faire advocate who “did nothing” while the US economy slid into depression. How did he gain this undeserved reputation?
History Professor Heather Cox Richardson has grown very wealthy using her writings to attack the creation of wealth itself. While her columns are popular, they also are filled with economic illiteracy.
As Americans celebrate the destructive wars that helped shape this country, we also remember that free markets promote peace and individual liberty.
The dystopian futuristic movie Elysium portrays a terrible future in which only the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed.
The dystopian futuristic movie Elysium portrays a terrible future in which only the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed.
Professor Jesús Huerta de Soto gives his acceptance speech of Argentina’s Order of May for Merit Award this year in Buenos Aires, Argentina.
This is not the path to prosperity. It is the final stage of the ruinous collectivist project.
One of the justification that the White House gives for its onerous tariffs is that they will stop the “offshoring” of American jobs and lead to greater job growth here. That scenario has not and will not ever come to fruition.
Prices in veterinary services for pets have skyrocketed in the UK since 2020, but the only solution interventionists can find is antitrust policy.
In their 1990 paper, “A Model of Growth Through Creative Destruction,” 2025 Nobel winners Philippe Aghion and Peter Howitt attempt to formalize Joseph Schumpeter's theory of “Creative Destruction.” Their mathematical model is not creative, but it is destructive of the theory itself.
