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Booms and BustsMoney and Banking
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Booms and BustsTaxes and Spending
The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.
Perhaps no lesson from history better illustrates the dangers of credit expansion-fuelled business cycles than the story of the imaginary country of Poyais.
Protectionism and Free TradeU.S. History
Since the Tariff Act of 1789, the tariff has been the playground of special interests, and used as a means of rewarding political friends, and harming political enemies.
Legal SystemWorld History
Contrary to the government's claims, Britain is not becoming safer as the British government becomes bigger.
Money and BanksBusiness CyclesMoney and Banking
Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so.
Monopoly and Competition
Monopolistic abuses rarely survive without a basis in one form or another of special privilege granted by government.
Protectionism and Free TradeTaxes and Spending
Trump's new tariffs just happen to protect certain industries that are big political donors.