Free Markets

Recorded at the Mises Institute in Auburn, Alabama, on 10 April 2014.

It's much easier to calculate the direct cost of a tax than the many indirect costs of a government regulation. Nevertheless, government regulations remain some of the biggest millstones around the neck of human progress and ingenuity.

Patrick discusses institutional design, Bitcoin technology, and the revolutionary technological opportunities that exist behind the Blockchain.

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.

The 2015 F.A. Hayek Memorial Lecture.

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. 

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.

Once upon a time, the Chinese were the enemies of private property rights and free markets, and the Americans were the enemies of the Chinese and purported to cherish the institutions that the Chinese hated. Today no such clear-cut difference exists. If anything, today’s Chinese in high places seem to be more inclined to say kind words about private property rights and the free market than are comparably placed Americans.