Academic scholars tend to use Marxian terms when pointing out what they see as conditions of “oppression,” believing that race and class determine outcomes. However, the real world is not so abstract and things often are not what Marxists believe to be true.
Alex Tabarrok joins Bob to break down Trump’s drug price executive order, price controls, and the real economics behind Big Pharma and healthcare innovation.
Karl Marx still is revered by modern academics as a prophet. However, given Marx‘s penchant for making false predictions, at best he would be a false prophet, someone whose word cannot be trusted.
People often confuse economic growth with growth in the stock market, but while these two things can be related, that is not always the case, especially during inflationary times.
While Austrian economists have engaged Modern Monetary Theorists on economic terms, one should not forget that this theory promotes totalitarian governance.
With all of the current angst about tariffs and other issues, it is easy to forget that there are missile silos around the world with weapons that can destroy the world as we have known it. All that is needed to set off a holocaust is one bad decision.
The antebellum abolitionist movement ranged from peaceful abolitionist societies in the South to groups in New England advocating violence and bloodshed. Unfortunately, the nation‘s political leaders chose to end slavery through violent means.
While Democratic Socialism is the darling of the political left, all forms of socialism have come from the brutal model first imposed upon Russia in 1917.
In this week‘s Friday Philosophy, Dr. David Gordon takes us through the high points of Robert Nozick by Ralf M. Bader, who writes favorably about Anarchy, State, and Utopia. In fact, Dr. Gordon believes Bader has made important contributions to libertarian thought.
The MMT crowd now claims that the monetary history of the US is an example of chartalism. US history is actually an example of the opposite.
