Norway sits on large oil deposits, yet has managed to avoid the “resource curse” that has bedeviled so many nations that have abundant natural resources, but severely mismanage their economies.
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While the democratic socialists are claiming to just want a society like they have in Denmark, their real aims are the seizure of all or most private property and especially private capital.
Crony capitalism—where politics help decide success and failure in the markets—is a huge problem in our society. The solution is laissez-faire capitalism in the tradition of Ludwig von Mises and Murray Rothbard.
Contemporary culture, with its fixation on careers, tends to downgrade the career of motherhood.
Most Americans, unfortunately, believe that we are still living in the constitutional republic created in 1787. That was five republics ago.
Why did so many American colonials take arms against the ruling British, even when the odds were stacked against them? Dr. Wanjiru Njoya looks into the competing ideological claims that go with analyzing the American Revolution.
The US government continues to drag down the economy with its reckless wars and massive debt accumulation. On the other side of the globe, China is pursuing a different path.
For a while, some economists tried to claim that business cycles are the result of significant changes in technology. The Austrians have a better explanation.
Willie Sutton was a famous bank robber. The late Alan Greenspan used banks and the monetary system to take infinitely more money from Americans than Sutton ever stole.
