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Free MarketsU.S. EconomyInterventionism
This immense cooperative system is known as a free-market economy. It was not consciously planned by anybody. It evolved.
Many advocates claim government intervention is necessary because markets are too unstable. The real instability, however, comes from the immense uncertainty over what government will do next with its vast and arbitrary power.
The EnvironmentFree MarketsSocialism
There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.
Big GovernmentThe EntrepreneurFree Markets
Anti-capitalist promoters of "climate justice" ignore all of the evidence of capitalism’s benefits staring us in the face.
What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.
Free MarketsOther Schools of ThoughtPhilosophy and Methodology
Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.
Free MarketsCalculation and Knowledge
Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.
Free MarketsHealthU.S. Economy
Here we see two rival strategies to marketing healthcare services. The status quo is based on insurance payments and price secrecy. Walmart's strategy is based on price competition.
The EntrepreneurFree MarketsOther Schools of Thought
Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.
Free MarketsLabor and WagesU.S. Economy
Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.