Economic Policy

America’s industrial revolution didn’t just happen. It came about because of the free market initiatives that came from the Andrew Jackson presidency.

America’s industrial revolution didn’t just happen. It came about because of the free market initiatives that came from the Andrew Jackson presidency.

The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.

The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.

Issues of homelessness and vagrancy in public spaces and on public transportation are made worse because government ownership of the property does not allow for exclusion. Instead, we get the “tragedy of the commons.”

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.

Neo-Malthusian Paul Ehrlich recently passed away, but not before his false doomsday claims made his a very wealthy man. 

Neo-Malthusian Paul Ehrlich recently passed away, but not before his false doomsday claims made him a very wealthy man. 

Rothbard’s views on nations by consent are once again in the limelight. Libertarians who ignore the nationality question and continue merrily defending free trade, free movement of workers, and open borders, oblivious to the concerns of increasing numbers of people, are unwise.

As we celebrate the Centennial of the birth of Murray Rothbard, we look at his commentary on the American Revolution, where it promoted liberty and where the creation of the Constitution became liberty’s roadblock.