Robert Reich Gets These Seven Economics “Fundamentals” Very Wrong
Robert Reich isn't interested in economics. His pronouncements are simply clarion calls to destroy wealth and spread poverty.
Mises Wire
Venezuela’s New Cryptocurrency Is not Really “Backed by Oil”
If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity.
The Rockefellers and Social Security
The Rockefellers and their intellectual and technocratic entourage were, indeed, central to the New Deal.
Jeff Sessions is Wrong: Nothing is “Settled”
Can political arrangements be dissolved peacefully? Legally? At the ballot box? By any mechanism short of outright violence and civil war?
The Political Economy of Protectionism
Protectionism may provide some short-term benefits to a small number of special interests, but at much greater costs to the rest of society.
Trump’s First Big Economic Mistake
A tariff is a tax on imports. That tax is paid by every American who buys the now-more-expensive product.
Public Labor Unions Are Getting Desperate
Unions' traditional arguments are increasingly seen as faulty, so unions are falling back on ever-sketchier claims about their alleged benefits.
The End of Cheap Debt Will Bring a Wave of Bankruptcies
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
Thomas Hardy Shows Us The Horror of War vs. The Beauty of Trade
Markets and trade offer far more benefit for ordinary people than participation in the state's wars.
Why Politicians so Often Fail to Protect the Property Rights of the Poor
Throughout US history, government agents have often discarded "pure" property rights in favor of "development."
