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.
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory. Just as secession naturally limits the power of states, annexation extends it, and should be opposed.
Mark Thornton Discusses the Fed's Non-Plan.
