Free Markets

More than forty years ago, Leonard Read urged graduates of Hillsdale College to find a premise, a belief in a universal idea of liberty.

To prevent rail accidents like the one in East Palestine, dial back government regulation and allow the tort system to work.

Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

Conservative icon William F. Buckley wanted a "totalitarian bureaucracy within our shores" to combat the communist threat. Far too many modern Chinaphobes are embracing a similarly deranged policy. 

The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."

To prevent rail accidents like the one in East Palestine, dial back government regulation and allow the tort system to work.

Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.

Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.

The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity.