Unraveling the Fallacy of Natural Monopolies
The presence of a "natural monopoly" is supposed to be a sufficient reason for government to intervene in the economy. But what if there truly is no such thing as a "natural monopoly"?
The presence of a "natural monopoly" is supposed to be a sufficient reason for government to intervene in the economy. But what if there truly is no such thing as a "natural monopoly"?
The "distributist" theorists Chesterton and Belloc imagined that economic interventionism could make life easier and more free. Yet their proposed system is neither moral nor practical.
The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.
Even though Barbados and Jamaica had more similarities than differences when they became independent of Great Britain, Barbados developed its economy much more quickly.
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.
On this episode of Radio Rothbard, Ryan and Tho are joined by Mises Senior Editor Bill Anderson to discuss his recent article, "David French Gets to Sit with the Cool Kids at the NYT Lunch Table."
During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics.
Like so many others in the "national greatness" movement, Christopher Buskirk understands some of the problems the country faces but fails to grasp the solutions.
Socialists like Bernie Sanders and the editors of Jacobin have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.