What the New Right Gets Right—and Wrong—About Free Trade
Bob responds to Oren Cass’s appearance on Tucker Carlson, offering a charitable yet firm economic critique of the anti–free trade ideas gaining ground on the political right.
Free Markets
Displaying 51 - 60 of 3495
How Trump Can Lower Drug Prices Without Price Controls
While Trump has not yet turned to price controls to address America‘s absurdly high drug prices, Monday‘s executive order suggests that he soon may. Price controls would only worsen the problem with the drug market. Here are three things he can do instead.
Wealth Generation and the Market Economy
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
Wealth Generation and the Market Economy
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
US Trade Account Balance and the Imposition of Tariffs
Although politicians, pundits, and the media claim that a trade deficit is harmful to a country, the reality is much different. In a free economy, individuals interact with each other in mutually-beneficial exchanges. As Murray Rothbard noted, free exchanges do not produce winners and losers.
Trump’s First 100 Days: The Good and the Bad
Historian Chris Calton joins Ryan McMaken to discuss both the upsides and the downsides of Trump's first 100 days.
The Fall of Saigon 50 Years Later
South Vietnam ceased to exist as a separate country 50 years ago. What followed was an object lesson on the failures of socialism, as Marxist ideology turned Vietnam into one of the world's poorest countries. Vietnam‘s “second revolution” was successfully embracing a market economy.
Profits or Perish: Survival Depends on Economic Gains
Profits aren’t immoral—they’re necessary. Just as organisms need a net energy surplus to live, societies need profits to sustain themselves.
Why Do So Many Bad Economists Support the Austrian Position on Free Trade?
Why do mainstream economists suddenly think clearly when it comes to tariffs—but abandon logic elsewhere? Mark Thornton unpacks why even Krugman and Marx agree with Austrians on free trade.
Tariffs Mean Lost Jobs
The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
