Economic Policy

"...the fundamental problem with the conservatives ... was that they were looking in the wrong direction. The revolution that they were trying to prevent had already happened..."

By honoring Mokyr, Aghion, and Howitt, the Nobel Committee has recognized that the future of growth depends on innovation, and that innovation begins with an idea. Ideas drive progress, and progress defines civilization.

We should stop using terms such as “trade surplus” or “trade deficit.” Trade is always a surplus and the only deficit comes from government interventions.

Many fans of Austrian economics know the MP Materials and US Rare Earth REM financing agreements will end badly with crony capitalism sourced from nonsense.

Murray Rothbard recognized that the Bureau of Labor Statistics provides the lifeblood for government intervention. It doesn't need to be “reformed,” but rather should be outright abolished.

By trying to protect dairy farmers and raise their incomes, the government created a massive cheese surplus, then gave it away, thus harming the farmers they were trying to support.

By trying to protect dairy farmers and raise their incomes, the government created a massive cheese surplus, then gave it away, thus harming the farmers they were trying to support.

As tariffs force up business costs, analysts are claiming that businesses will have to “absorb costs” to stay in business. That is not a sustainable strategy, as businesses cannot survive under these high-cost circumstances.

Lower interest rates can help promote economic growth—as long as those rates are determined by the market and not by political edict.

As politics come to dominate more of our lives and young generations grow righteously disillusioned with a system designed to rip them off, we’re likely to see more violence and chaos. It’s a bad path we’re on. But there is a better one.