Free Markets

The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.

Most people believe that ours is a “free-market” healthcare system, but nothing could be further from the truth. A true market-based system as explained here would be less costly and more oriented to patient care.

Most people believe that ours is a “free-market” healthcare system, but nothing could be further from the truth. A true market-based system as explained here would be less costly and more oriented to patient care.

Daniella Bassi tells the remarkable story of the Arctic fur trade as a real-world case study in stateless order.

Tate Fegley shows how bureaucratic insulation, lack of economic calculation, and political incentives lead to cronyism and inefficiency.

Inflation is a systematic distortion of economic signals.

Tate Fegley explains how the absence of market signals leaves public policing blind to real-world tradeoffs.

Shawn Ritenour critiques mainstream growth models that emphasize abstract inputs like capital accumulation and technological innovation, arguing instead for a human-centered approach rooted in Austrian economics.

Moral squeamishness isn't a market failure.

While it is tempting to see the economic success of Singapore and Hong Kong as similar, there really are stark differences between them. Hong Kong has developed through laissez-faire and entrepreneurship while Singapore is much more state directed.