The religious left today claims that Jesus was a socialist who was against private property and any kind of economic arrangement that smacks of capitalism. An investigation into Jesus‘s teachings and actions overwhelmingly contradicts that notion.
As Mises and other Austrian economists have reminded us, government cannot “invest” profitably because it directs funds toward ventures that were not chosen by voluntary investors.
As the Trump administration cuts thousands of federal jobs, it‘s good to remember that the public sector‘s “services” provide no actual net value to the “national product.”
Americans are far more satisfied with the way things are going in their own life than with the US in general.
Jamaica is emerging as a rising economic power in Latin America and the Caribbean, widely regarded as an International Monetary Fund (IMF) success story.
A common refrain among college fans is, "The Transfer Portal and NIL are ruining college sports." But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.
Erick Brimen joins Bob to show how Próspera Honduras offers economic freedom and choice in regulatory treatment.
Every law or regulation carries an economic cost that cannot be ignored or precisely predicted, altering economic incentives and stifling innovation and entrepreneurship.
Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.
Governments of developing countries attempt to thrust their country into prosperity through various statist measures, but their efforts are doomed because they do not understand economics.
