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Labor and WagesValue and Exchange
Truckers are paid less now than in the 1970s because government regulators once tightly controlled competition, thus driving up the cost of living for everyone else.
Historians have neglected the role of John Maynard Keynes in writing some of the worst provisions of the Versailles treaty — which sowed the seeds of World War II.
As decades pass since the fall of the USSR, romanticism is replacing the bitter facts of the lives people in communist regimes were forced to live
Global EconomyMoney and BanksMoney and BankingOther Schools of Thought
Kerkorian was an eighth-grade dropout who would go on to earn billions, and epitomized Mises's idea of the entrepreneur.
Big GovernmentMedia and CultureOther Schools of Thought
Besides the fun of catching Krugman in his flip-flops, his record shows just how weak the empirical case for Keynesian fiscal policy is.
Corporate WelfareFree MarketsOther Schools of Thought
Well look what happens if you actually call Krugman’s bluff and click on the link.
SocialismTaxes and Spending
Keynesism—the philosophy of big government spending, deficit financing, and continuous inflation—dominates nearly every government in the world.