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Governments Default on Debt More than You Think

Money and BanksMonetary TheoryMoney and BankingOther Schools of Thought

Blog09/05/2018Daniel Lacalle

It's not really true that governments can always just print money to pay off their debts.

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Government Didn't Save Us From Apple's iPhone "Monopoly"

Free Markets

Blog11/22/2017Ariel Lighterman

When new, high-priced products enter the market, it's the market process — and not government — that will bring prices down.

Chilean Protesters Could End Chile's Decades of Progress

José Niño

The history of Latin America is filled with tragic stories of countries reaching great heights — Argentina and Venezuela come to mind — and then falling back to mediocrity. Chile could be next if the protesters get their way.

Socialism and the Green New Deal: Choose One

Richard M. Ebeling

Central planners cannot calculate the costs and benefits of environmental policy.

When the Communists Abolished the Weekend

Ryan McMaken

By abolishing the weekend, the Soviets were in one move able to strike a blow against both families and religious institutions. All that was left was the state — and state-mandated labor.

My Path to the Austrian School of Economics

Hans-Hermann Hoppe

There is no more stopping the Mises School. And when the truth finally wins out, because only what is true can also work smoothly in the long run, then the hour of the Austrian School of Economics will have come.

How California's Government Plans to Make Wildfires Even Worse

Ryan McMaken

The State of California is now forcing insurance companies to cover homeowners who put their houses in some of the most fire-prone areas. What could go wrong?