The notion that unpatented medical technologies are not feasible is historically false. The <em>British Medical Journal</em> challenged its readership to submit a list of the most noteworthy medical and pharmaceutical inventions throughout history. Only two of them have remotely <em>anything </em>to do with patents.
Block’s Defending the Undefendable has needled and irritated an entire generation of readers and compelled many to re-examine long-held beliefs in favor of the logic of libertarianism. Now comes volume 2, with a foreword by Ron Paul, that promises more such irritation for future generations.
Sweden, once the crown jewel of the welfare state, took the road less traveled, and emerged as a financially sound economy, and an example of the economic growth possible with free markets. The country’s financial strength and its ability to resist a global recession are due to the long-term rolling back of the expansive welfare that Keynesians so often praise.
What would happen if the FDA didn’t ensure that food was safe and the EPA didn’t protect us from pollution? What would happen if the SEC didn’t rein in Wall Street and the FTC and antitrust laws didn’t protect us from monopolies and collusion? The answer is “I don’t know; no one knows.” But someone would come up with an solution.
The criticisms of free markets in Pope Francis’s Apostolic Exhortation Evangelii Gaudium ("The Joy of the Gospel") have generated strong reactions around the world.
Peter G. Klein answers a viewer's question, and explains how salary caps are price controls.
Nearly all of us passed through a limited-government — or “minarchist” — period, and it simply never occurred to us to examine our premises closely.
Interviewed by host Alan Butler, Mark Thornton talks about alternative currencies, the history of U.S.
This variety of Cannabis sativa has a low or undetectable concentration of THC and does not produce a “high” or have any known medical uses.
Nafta is a big business trade deal. It is part of a long campaign to integrate and cartelize government in order to entrench the interventionist mixed economy.
