For decades, the Italian state has facilitated the Mafia's grip on industry in Italy. The result has been a disastrous lack of foreign investment and other ills. It now seems that only the elimination of the central state could bring about serious reform.
Patrick discusses institutional design, Bitcoin technology, and the revolutionary technological opportunities that exist behind the Blockchain.
In my recent article on net neutrality, I explained that more FCC control of the internet merely invites more control from powerful interest groups. Now, we know more about which interest groups are presently exercising power since, as The Daily Caller notes, the FCC regs favorably cite the anti-free-market left-wing Soros-funded group "Free Press" 62 times.
The 2015 F.A. Hayek Memorial Lecture.
Jason Jewell discusses a recent book in which his writing is featured: Christian Faith and Social Justice: Five Views.
In recent years, some economists, contrary to long-established and widely-accepted economic theory, have been claiming that increases in the minimu
I just returned from the Austrian Student Scholars Conference at Grove City College and boy, I was impressed.
Legalizing recreational marijuana has begun. Marijuana for medical use is already legalized in twenty states. Marijuana is not a gateway drug as it has been viewed for almost one hundred years. Begin to be more afraid of government and current legal drugs, like prescriptions. Legal free markets in drugs would be incredibly beneficial. Here are ten ways to imagine such a free market.
Mark Thornton comments in WND's article on recent cyber-security breaches. Thornton notes that, when breaches do occur, "Most, if not all of the time, the customer isn’t harmed; it’s the company that’s harmed. As a result, banks and retailers seek out enhanced security so criminals are less likely to be able to detect patterns.”
