Honduras is one of the poorest countries in the Western Hemisphere, but the free city of Próspera, located just of the Honduras coast, is anything but poor. Here, private property and free markets are the norm and Bitcoin is legal tender. Of course, the socialists want it shut down.
Washington has wielded the sanctions weapon against nearly a third of all nations on earth. It is time to rethink these policies, and one hopes the incoming Trump administration will do just that and change course.
President-elect Trump has promised changes in economic policies. How well they work and how they will affect us remains to be seen. Here is a look at proposals that have promise—and proposals that are likely to cause harm.
Mark Thornton explores the continuing negative impacts of the ongoing US embargo against Cuba and how getting rid of this Cold War policy could benefit the peoples of Cuba, the US, and others. Viva Cuba Libre!
As Donald Trump prepares to take office again, we await the damage that surely will happen should he go through with his threats to levy historically-high tariffs against everyone else. One hopes good economic sense prevails.
The Mises Institute is giving away copies of Murray Rothbard's classic, What Has Government Done to Our Money? and it will change how one sees our nation's monetary history. Rothbard presents a clear case for sound money as a basis for civilization itself.
After spending 25 years as a columnist for the New York Times, Paul Krugman is finally retiring from that position—25 years too late, if one wishes to be honest.
The world is awash in debt bubbles, but politicians continue to spend, which requires even more central bank intervention—and more bubbles. Max Rangeley has edited The Age of Debt Bubbles, which details the dangers we face and how to stop the current madness.
In the aftermath of its recent election debacle, Britain's Conservatives have selected Kemi Badenoch as their new leader. Badenoch describes herself as an "adherent to Austrian Economics." Will it make any difference in Britain's future?
A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates. The act of holding money allegedly promotes “underconsumption,” continuing the economic downturn. This doctrine, however, cannot withstand scrutiny.
