Free Markets

In this article from 1950, Murray Rothbard suggests some of the less bad ways of financing military operations. Hint: monetary inflation and taxing savings and investment are among the worst.

"The reality must be faced that the new…colony of Pennsylvania lived for the greater part of four years in a de facto condition of individual anarchism, and seemed none the worse for the experience."

Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.

Like Trump, I want China to stop manipulating its economy. But not for the same reasons Trump does.

Bob Murphy Interviews George Mason University economist Donald Boudreaux.

The North American fur trade is in decline. Unfortunately, many think that the solution is for the government to step in to “protect” trappers from market competition.

In spite of all kinds of restrictions and red tape, consumer demand for firearms remains high, and the industry has found a way to meet that demand—through "80 percent lower receivers."

Whether diversity is a social benefit depends on whether it creates excuses to fight each other for special treatment. Politicizing our differences is far more likely to make diversity a source of conflict.

Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones.

Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy.