Free Markets

Central bank policies spread uncertainty, malinvestment, and unemployment. Only the private economy provides the necessary economic coordination.

Economics is a logical, deductive, human science about real people acting in the real world, with all the dynamism, unpredictability, and creativity that entails. Markets aren’t static, lifeless mathematical constructs but lively, vigorous spaces where people interact and coordinate.

Many colleges and universities prohibit alcohol consumption at football games. Does this stop drunkenness or disorder?

Those who keep their jobs benefit from minimum-wage increases, but less-skilled and less-experienced workers face greater competition from other low-wage workers.

The Levellers are often characterized as a quasi-socialist movement, but they had more in common with free markets than with socialists.

Rifkin misses the mark because he ignores Menger’s theory of value and the role of the entrepreneur.

Third world sweatshops benefit workers much the way factories in Great Britain and the US did during the Industrial Revolution.

The war on drugs did not prevent Philip Seymour Hoffman’s drug addiction.
 

Thanks to Helio Beltrão and Instituto Ludwig von Mises Brasil for

If I were a business owner, must I sell to you? If yes, you must balance that requirement with your obligation to buy from me.