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Economic FreedomFree MarketsMedia and CultureEntrepreneurship
Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.
Corporate WelfareInflationMoney and BanksU.S. EconomyU.S. History
Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.
Cronyism and CorporatismPoliticsProgressivismStrategy
According to progressive elites, it is terrorism if consumers boycott businesses because of their leftist policies.
Bureaucracy and RegulationProperty Rights
The usual answer is that secondhand smoke is bad. But if value is subjective, perhaps secondhand smoke also can be seen as a public good.
Big GovernmentMedia and CultureProgressivism
Rent seeking is a popular term used in economics to describe the behavior of firms trying to gain something from the government. Time to expand the definition.
Bureaucracy and RegulationEconomic PolicyThe FedMoney and BanksU.S. Economy
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.
Economic FreedomThe EntrepreneurEntrepreneurship
While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars.
Booms and BustsThe FedMoney and BanksU.S. Economy
Fractional reserve banking by itself undermines both the banking system and the economy. No action by the Federal Reserve can eliminate the threats.