When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.
Financial MarketsMoney and BanksMoney and Banking
A major factor that can explain the apparent contradiction between weakening so-called fundamentals of today — and the stock market's continued march upward — is changes in monetary liquidity.
Global EconomyProtectionism and Free Trade
Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.
Right now there is a stimulating online conversation going on about Bastiat's contributions to economic theory in his treatise Economic Harmonies.
Critics of Rothbard have tried to create a myth in which Rothbard is not in the same Austrian tradition as Mises. The words of Mises himself say otherwise.
There's nothing wrong with consulting statistical data. But this data can only be properly understood if one first has a good grasp of sound theory.
Money and BanksMoney and Banking
By creating money out of thin air, central banks repeatedly create bubble industries that must inevitably be liquidated.
The EnvironmentGlobal Economy
It is clear that for the planet to keep up with a rapidly growing population, it is necessary to liberate the global economy.