With political turmoil creating anxiety in Great Britain, The Economist chose to describe the political situation as “anarchy.” In reality, this is political chaos, not anarchy, since anarchy is based upon social cooperation and peaceful resolution of conflicts.
It’s finally clear to everyone that President Biden is not running the federal government. Yet the government is carrying on as it always has. It’s important to understand why.
By separating the producer-consumer relationship that is applied to private goods and services, government regulations and "oversight" has transformed higher education for the worst. It's time to restore that proper relationship.
Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or what they believe to be true.
In this review of The Birth of the Transfer Society, by economists Terry Anderson and Peter Hill, Eduard Bucher looks at the origins of transfer policies in the US and how they developed into the monster they are today.
Economics textbooks describe monetary policy as though it were administered by experts who know how to fix problems in the economy. In truth, there is no such thing as “monetary policy”; what we have is the Federal Reserve engaging in wealth transfers.
The position of new home buyers in 2024 is unprecedented. Not only are prices at record highs, but the new generation of prospective home buyers can’t remember a time without cheap mortgages.
Utopians are not satisfied with imposing DEI on humans. They also want the state to treat animals as “oppressed” minorities with positive rights.
Both environmental groups and governments are suing energy companies for allegedly causing climate change. One doubts their legal efforts will result in better weather.
Are wealthy people getting wealthier because they work harder? Dr. Jonathan Newman is back on the show to discuss Robert Reich's latest video about debunking economic myths.
