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HayekCalculation and KnowledgePricesProduction Theory
While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation.
A free society depends on certain principles, and Western thinkers—including many "dead white males"—played a major role in their development.
Taxes and Spending
Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between Republican control of DC and the trajectory of federal spending.
Economic FreedomEconomic PolicyFree MarketsProtectionism and Free Trade
During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics.
"Have we not, our privileged orders, aristocrats who control, indirectly, but certainly, the political power of the state? ... If any man doubts how these questions should be answered, let him walk through Wall-street."
Booms and BustsThe FedInflationU.S. EconomyBusiness Cycles
As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come.
Media and CultureProgressivismU.S. HistoryWorld History
Modern progressives don't like to refer to their long-held support of eugenics. In fact, American progressives influenced the Nazis, who launched their own murderous eugenics schemes.
Bureaucracy and RegulationEconomic FreedomProgressivismTaxes and Spending
The current regime wants to use taxation not simply as a means to collect revenue for the government, but as a weapon against economic prosperity itself.