Free Markets

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Leftists and Nationalists: A Brotherly Conflict in India

Free MarketsSocialismWorld History

Blog08/24/2022

Even though liberalization of its infamously bureaucratic economy has achieved strong results, India's leftist activists and politicians are trying to reestablish collectivism.

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Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living

Free MarketsInflationMonetary Policy

Blog08/24/2022

When the Nixon administration ended the dollar's ties to gold, it was yet another sad chapter in the US government's abuse of its currency. And the government learned nothing.

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Public Goods, Streetlights, and Paying Pretty Girls to Walk down the Street

Bureaucracy and RegulationEconomic PolicyFree Markets

Blog08/23/2022

Using a humorous subject, Charles Amos successfully challenges the view that government must produce "public goods" in order to ensure an optimal supply.

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Leonard Read Really Did Know Beans about Labor

Bureaucracy and RegulationFree MarketsLabor and Wages

Blog08/22/2022

Despite the decree from the federal government that labor is not a "commodity" or an "article of commerce," Leonard Read knew better.

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If Mauritius Is a Tax H(e)aven, Other African Countries Must Be Tax Hells

Free MarketsSocialismTaxes and Spending

Blog08/13/2022

Elites are attacking the government of Mauritius for having lower tax rates than other African countries. The real issue is the levels of taxation in other African countries.

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Thomas Piketty Wants to Bring Back Communism in the Guise of Democratic Socialism

Free MarketsSocialismCapital and Interest Theory

Blog08/11/2022

Thomas Piketty writes about equality and believes that reimposing communism in the West will achieve it. Mark Thornton disagrees.

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Africa Needs Conventional Fuels, Not Windmills and Solar Panels

Bureaucracy and RegulationFree MarketsProgressivism

Blog08/11/2022

Western elites are using Africa as their little laboratory for renewable energy schemes. Not surprisingly, these initiatives leave Africans in poverty and their economies in tatters.

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Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?

Free MarketsRationalismBusiness Cycles

Blog08/06/2022

Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.

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Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Financial MarketsFree MarketsRationalism

Blog08/05/2022

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.

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