Governments that hamper entrepreneurship certainly damage it in the near term. But these measures destroy the conditions necessary for innovation and entrepreneurship in the future as well.
A relatively new challenge to the Austrian framework comes from the “market monetarists” and their endorsement of a central bank policy of “level targeting” of nominal gross domestic product.
Protectionists think China is a geopolitical threat. I get that. But their (weak) arguments about China don't apply at all to the rest of the world.
The Federal Reserve's monumental mistake of cutting rates this past week can only be understood in the context of the rising God complex of central planners: an overwhelming combination of ignorance and arrogance.
After years of negative rates, Sweden's central bank moves toward positive rates again. But this is setting the stage for an economic bust.
What we observe today is a desperate fight against deflation. We know that this situation is unsustainable, but we do not know to which side the balloon will fall.
The departed Al Davis, who owned the Oakland Raiders, was famous for saying, “Just win, baby.” But now the team's philosophy is this: “Just raid the taxpayers, baby.”
Rose Wilder Lane was one of the past century's most ardent proponents of liberty. Give Me Liberty, which traces her evolution from communism to a devotion to liberty, is as relevant to the present as it was in 1936.
Rent control looks good in the short run, but over time it means less housing and higher real costs for most ordinary people.
In 1983, Joe Biden sponsored legislation that gave federal agents nearly unlimited powers to seize assets from private citizens.
