Even without the war, we are doing everything wrong that the Hoover-Roosevelt-McDonald governments and the Strong-Norman bankers did in the 1930s, after their long decade of easy money and paper prosperity imploded under the weight of too much debt and too great a strain on real capital resources.
Had the United States pursued a policy of economic freedom with respect to energy production over the last thirty years, the conditions for OPEC’s success as a cartel would never have been present in the first place.
Capitalism is about “laboring the earth” more fruitfully so that fewer men go needy, so that the next fanatic finds less willing recruits, so that amid bustling commercial intercourse, barriers of class and race and ignorance are dissolved into mutual respect and benefit.
Why would some folks hate globalization as it is properly understood and conceived? Tibor Machan explains.
It is the inevitable consequence of Fed interest-rate manipulations to disturb, disrupt, and disarrange economic activity, writes Hans Sennholz.
Manuel Asensio is better than the SEC when it comes to ferreting out stock scams—and, therefore, performs a fabulous market function by selling short. Christopher Mayer explains.
The European currency is stuck in a rut because governments have insisted on using the conversion period as an excuse to collect more in taxes. Hans Sennholz explains.
Wal-Mart has come under fire, even now, for selling gasoline at prices that some state legislators say are too low. William Anderson debunks the charge.
Paul Krugman is at it again, this time calling for price caps in California as a way of solving the energy problem. How can an economist think such things?
Dinesh D'Souza's new book on the moral conundrum of success is one of the best popular treatments on the cultural meaning of prosperity to appear in many years. Reviewed by Jeffrey Tucker.
