The Jones Act and similar laws have been behind a precipitous decline in global American shipping. Passed for "national defense" purposes, such laws only serve to raise the cost of shipping to US ports while restricting consumer access to goods.
Jeff Deist and Jay Taylor discuss markets, business cycle theory, and the Fed's latest bubble.
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.
Many have tried to create a division between "political freedom" and "economic freedom." But all freedoms ultimately depend on economic freedom, and our view of economic exchange dictates our view of politics.
People accuse Austrian economics of being overly theoretical—but our guest John O’Donnell proves them wrong.
Arguably the best single, currently available measure of the entire public's payoff from economic activity is real disposable income per capita.
Political dependence and economic dependence are two very different things. Political dependence is fostered by coercion and monopoly power, but economic dependence is simply a choice we make when we especially like one thing more than the alternatives.
Now that the gross federal debt has surpassed $18 billion—six times the amount that troubled us back in 1990—we can clearly answer the two questions posed by the symposium's organizers: yes, a large and growing federal debt does matter; and no, we can do nothing about it.
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory.
