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Free MarketsPhilosophy and Methodology
Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.
Taxes and Spending
The Social Security program will have to be either inflated away with increasingly worthless dollars or Congress will have to intervene to cut benefits.
Social Security has been a money-losing mess for decades, and it's a major drain on private sector saving and investment.
Free MarketsGlobal EconomyProtectionism and Free Trade
Like Trump, I want China to stop manipulating its economy. But not for the same reasons Trump does.
The EntrepreneurCalculation and KnowledgeEntrepreneurship
The economy is not primarily about the adjustment of capital investment across industries and firms, but about the determination of which industries and types of production will exist—and who will be involved in this future production.
Protectionism and Free TradeEntrepreneurship
Innovations aren't very useful unless they serve consumers in the marketplace. Otherwise, we're pursuing innovation for its own sake, and that isn't progress.
Free MarketsProtectionism and Free Trade
The North American fur trade is in decline. Unfortunately, many think that the solution is for the government to step in to “protect” trappers from market competition.
Bureaucracy and RegulationFree Markets
In spite of all kinds of restrictions and red tape, consumer demand for firearms remains high, and the industry has found a way to meet that demand—through "80 percent lower receivers."