The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.
President Obama has claimed that mass shootings do not occur in other countries. But, the data is clear that they do happen other places, and in places with stringent gun control laws. Worldwide, the state fails to keep its citizens safe.
Murray Rothbard reviewed an early work by Douglass North, The Economic Growth of the United States, 1790-1860.
Defenders of the Fed have long been at a loss to explain how anyone could ever oppose the Fed and its “stimulus” programs.
Bernie Sanders and other advocates for more taxes like to note that income tax rates hit 90 percent in the 1950s. What they leave out is that few ever paid such rates and total tax revenues were about the same then as today.
Patrick Barron, an associated scholar with the Mises Institute, passes along a letter he wrote to the Philadelphia Inquirer in response to
The Drudge Report today features the headline: ”BUST: 1.1 million Americans don’t have a toilet...”
Amazon has developed a new way to help people do easy work for a little extra cash. The jobs involve repetitive tasks that computers can't do. But, since the jobs pay below minimum wage, we're told the whole thing should be outlawed.
