While Americans are tempted to see the Chinese economy as something akin to China, Inc., the reality is different. The Chinese government has not found a way to make socialism and interventionism work, no matter what myths might prevail.
The US economy these days seems to have a distinctive “K” shape, with asset owners riding the upward slope and everyone else the downward slope. But, while true, the reason for this situation is not what the ruling classes are claiming. The Austrians have the better explanation.
In this week’s Friday Philosophy, Dr. David Gordon reviews Union At All Costs: From Confederation to Consolidation by John M. Taylor, who defends the southern secession.
Twenty-five years after 9/11, many seek to rehabilitate the War on Terror by appealing to the horror of 9/11, the right to respond, and the ideal of fighting terrorism. Many now demand that we judge an idealized “War on Terror” by its intentions rather than the war that actually occurred.
How do we confront the problem of power? Murray Rothbard struggled with that question and never could find the perfect solution, but realized that a libertarian society must be able to deal with that issue in a way that does not empower the wrong people
In the name of “saving” college sports, Congress steps well past its bounds to micromanage the NCAA.
The latest reminder of the Federal Reserve's record of failure, which now extends longer than five years, comes with the most recent inflation measure.
Both Brazil and the US had slavery in the 1800s, but the US economy flourished while Brazil’s languished. If slavery was the engine for US economic growth, as leftists claim, then why didn’t Brazil's economy match that of the US?
The top AI CEOs aren't acting like they genuinely believe their technology will soon cause human extinction. But they are acting like the successful cartelizers of history, who recognized that state power is the best way to protect market dominance.
Lenin wrote that the capitalists would provide the rope by which they would hang themselves. That certainly seems to be the case with the Bolshevik Revolution of 1917, which received strong financial help from the center of crony capitalism itself: Wall Street.
