Free Markets

Every law or regulation carries an economic cost that cannot be ignored or precisely predicted, altering economic incentives and stifling innovation and entrepreneurship.

Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.

Governments of developing countries attempt to thrust their country into prosperity through various statist measures, but their efforts are doomed because they do not understand economics.

American attempts to preserve its leadership status in the world will fail unless it enacts reforms which really are nothing more than behaving in a legal and honorable way.

The central pillar of the Keynesian system is that spending drives the economy, so savings on a large scale will push the economy into recession. As Austrians know, that narrative is entirely false and fails to accurately explain how the economy works.

Americans once dreamed of a country that did not care about global greatness or glory. It was within our reach if we had been wise enough to grasp and hold it.

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.

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!

Insurance companies canceled coverage on houses in neighborhoods that later burned. Government officials blame climate change, but the real problem lies with state and local governments.

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.