Henry Hazlett wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.
Henry Hazlitt wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.
The people of Iran suffer not only from authoritarian rule, but they also are victims of an economy in which the authoritarian rulers engage in central economic planning that is destroying the economy. It’s an economy based upon plunder, not production.
While Murray Rothbard opposed the communist system, he also recognized that Cuba was no threat to the US militarily or economically. That is why he believed the US must recognize Cuba's government and permit trade and travel between the two countries.
Popular views of capitalism and free markets are not shaped by the facts, but rather by anti-capitalist intellectuals and the media.
How best to present libertarian thinking? Libertarians should not depend just on logic, but also upon presenting libertarian ideals in a practical and useful way.
Popular views of capitalism and free markets are not shaped by the facts, but rather by anti-capitalist intellectuals and the media.
While some economists are celebrating the awarding of the Nobel Memorial Prize in Economics to three economists who are relatively friendly to free markets, we should not forget that most Nobel winners have been unrepentant statists and socialists.
So-called democratic socialists claim they just want to empower ordinary people through democracy. Socialism, however, invariably must turn into a top-down system of central planning in which the state is all-controlling.
Capitalist wealth plus economic ignorance, underappreciation, and romanticism create a recipe for an infantile culture.
