U.S. Economy

Presented at Jekyll Island, Georgia, in September 1986.

Elizabeth Warren's wealth tax is based on the idea that the government knows how to use wealth better than the private sector. The plan also ignores that the wealthy have been shown to flee countries with a wealth tax.

California is now the most taxed and regulated state in the nation. Not surprisingly, life here is becoming less affordable, and less profitable.

The destruction of capital, economic and otherwise, is contrary to every human impulse.

Here we see two rival strategies to marketing healthcare services. The status quo is based on insurance payments and price secrecy. Walmart's strategy is based on price competition. 

When politicians say "you never had it so good" they're taking credit for something they didn't do. In truth, what economic prosperity we have is due to private savers and entrepreneurs making economic progress possible.

To understand what an inverted yield curve means, you must first understand what the yield curve is.

More than half of the people in the world currently live in urban areas or cities, in spite of it being more expensive to do so. Why?

Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".