Britain‘s new populist party, Reform UK, has done well in the polls but is embarking on head-scratching proposals to deal with energy issues. Instead of pushing market reforms, RUK is proposing a mix of subsidies, taxes, and prohibition to respond to high energy prices.
An enduring myth among American historians is that President Hoover‘s response to the Depression was to let the free market work. This is totally false.
The first thing to say about laissez-faire liberalism is that it arose in Europe, specifically in Western Christendom. This story goes back many centuries. It goes back into the Middle Ages.
Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.
This collection of essays by experts in diverse fields applies libertarian philosophy and free-market economic theory to literature and media.
Is “austerity” in the future for the US Government? Awash in debt and facing economic crises, the government may have to go on a diet, something neither Congress nor the president want to do.
The leftists destroying and defacing Teslas to protest Elon Musk’s foray into American politics provide the latest example of the American far-left being easily co-opted into playing directly into the hands of the political establishment.
The presidency—by which I mean the executive state—is the sum total of American tyranny. A world with any superpower at all is a world where no freedoms are safe.
Market participants will need more than rate cuts. We need to see real rates falling, inflation under control, and the deficit slashed.
The history of the rise of the state is a history replete with efforts by national states to replace private-sector money with state-controlled money.
