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Economic FreedomEconomic PolicyMonopoly and Competition
The presence of a "natural monopoly" is supposed to be a sufficient reason for government to intervene in the economy. But what if there truly is no such thing as a "natural monopoly"?
Economic FreedomFree Markets
As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.
Monetary TheoryMoney Supply
Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier.
Philosophy and MethodologyPraxeology
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.
Booms and BustsInflationUnemployment
Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well.
Big GovernmentBureaucracy and RegulationCronyism and CorporatismProgressivism
Should there be vaccine mandates to deal with covid? Progressive authorities say one thing, but the data say another.
Free MarketsKeynesProgressivismWorld History
Europe is in crisis, thanks to its progressive leadership. Václav Klaus, former president of the Czech Republic, points out the problems and offers a remedy: free markets.
Leonard Read had much to say about how socialism already was entangled in our economic and social order.