Free Markets

The real economic problem in all this is not whether we will get given commodities or services at given marginal costs but mainly by what commodities and services the needs of the people can be most cheaply satisfied.

The Mises Institute has consistently favored free trade--the real thing--while criticizing “free-trade agreements” as mercantilism in d

Even if the claims about the alleged crisis in manufacturing were true, the ultimate response is a big "So what?" There is nothing sacrosanct about manufacturing jobs.

It is highly significant that Jefferson, when he wrote his own epitaph, wanted to be remembered for the Declaration of Independence, for the Virginia statute on religious freedom, and for founding the University of Virginia. That he was a two-term president is not listed.

NASCAR exemplifies these stagflationary times.

Whereas people want to have choice over how they spend their money, bureaucrats want us to suffer constantly, and be intensely aware of what we use, trusting not the price system to determine our consumption patterns but rather obey regulations and strictures.

Affluence and subsistence are two very different standards, and if welfare statists choose to import arguments for mere subsistence — as with appeals to the alleged lack of freedom of the starving man — then they must be held to this standard.

Most observed instances of monopoly were in fact generated by government sanction (e.g., public utilities).

If Krugman wishes to claim that progressive taxes do not adversely affect incentives, he needs to offer a theoretical account of why this is so.