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CapitalismEconomic FreedomFree Markets
Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death.
Bureaucracy and RegulationEconomic PolicyFree MarketsHealth
Americans are constantly told that Europeans have wonderful medical care provided by their governments. In reality, private care is gaining ground because it provides better care and a better deal.
Corporate WelfareThe FedFree MarketsStrategy
What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. The illusion lasts only for so long before economic reality prevails.
Bureaucracy and RegulationFree MarketsHealthPrice Controls
Nobel Prize winner Angus Deaton claims that the free market cannot provide adequate medical care. Of course, he goes on to describe government failure but calls it a free market.
Economic PolicyFree MarketsProtectionism and Free TradeU.S. Economy
Protectionists falsely claim that free trade provides only negative consequences to the economy while simultaneously claiming protectionism provides net benefits.
Economic PolicyFree MarketsLabor and WagesMedia and Culture
Although the percentage of the unionized U.S. workforce has fallen in recent decades, labor unions still are a threat to our economy and our collective wellbeing.
Central BanksEconomic PolicyThe FedFree Markets
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.
Bureaucracy and RegulationEconomic FreedomEconomic PolicyFree Markets
Being large doesn't make a country wealthy, nor does being small shrink a country's economy.
Bureaucracy and RegulationEconomic FreedomFree Markets
Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety.
Economic FreedomFree MarketsMedia and CultureEntrepreneurship
Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.