Modern civil rights laws and policies have made a large number of people better off. However, the beneficiaries are not the people that the civil rights establishment claims to be helping. No one understands this better than the great economist, Thomas Sowell.
Treasury Secretary Bessent recently claimed that the truly ruinous national debt really isn’t a problem because we will “grow” our way out of it. That is highly unlikely.
When government regulates or produces electricity, it claims to act in the name of conservation, or preventing “profligacy” by customers. Yet, only free markets can decide what is “profligate” and what is not.
The interference of US sanctions against Cuba are also interfering with airline schedules and are damaging the airline industry.
One of the problems of defending private property rights is that opponents wish to muddy the waters by constantly shifting the ground on defining private property in the first place. These are diversionary tactics, not an attempt to promote serious arguments.
Monetary authorities are wanting to remove currency and coin from the economy altogether and just have electronic transfers. That would be a mistake that would damage the free market.
Patrick Henry is known for his fiery oratory in defense of American independence from Britain. But before he became liberty's firebrand, he first had to learn how to be an effective practitioner of the law.
It is worth recalling how, in his work Socialism, Ludwig von Mises explained that it was actually capitalism that enabled women’s emancipation.
As we learn more about the development of commerce during the Middle Ages in Europe, we see that the influence of the Hanse—a group of German merchants—was greater than most historians have realized.
The US had tried unsuccessfully for more than 60 years to bring down Cuba’s regime, it being done at a huge cost to the Cuban people. The Trump administration’s latest embargo expansion is only making things worse.
