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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.
Monetary TheoryValue and Exchange
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.
The political equivalent of Crystal Pepsi, Donald Trump and the Republican Party have given up their long-standing façade of budgetary restraint.