Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.
America’s industrial revolution didn’t just happen. It came about because of the free market initiatives that came from the Andrew Jackson presidency.
Government corruption isn’t an anomaly. It is part of the system itself. We should expect government to be corrupt. Free markets are the antidote to this corruption.
A century after Ludwig von Mises exposed the fundamental weakness in the socialist economy, Jesus Huerta de Soto demonstrates why Mises was right and his detractors were wrong. In Friday Philosophy, Dr. David Gordon explains why de Soto is right.
The TSA stories, especially at Atlanta, are illustrations of interventionist non-intervention: non-delivery of promised, paid-for, and monopolized service.
Critics of capitalism claim that free markets funnel wealth unjustly to the top earners. Yet, as we observe the Cantillon Effects, we can see the role of Federal Reserve policies in enriching the few at the expense of the many.
If the US carries through its plans of “regime change” in Iran (which at this time is highly doubtful), look for an attempt to install its own “puppet” regime, a regime that no one can trust.
When accusations of rape and assault were made against Duke University’s lacrosse team in 2006, both the Durham City Police and District Attorney Michael Nifong engaged in law breaking to indict three young men that clearly were innocent.
Jesús Huerta de Soto traces the Austrian school's intellectual roots from the Spanish scholastics to Rothbard, making the case that anarcho-capitalism is the natural endpoint of the classical liberal tradition.
As investors become squeezed as the economy tightens, they look toward the government to provide them with even more cheap credit. Ordinary Americans are paying for these unsound policies.
