What the international trade and monetary system needs in order to grow healthy are free markets, sound money, and entrepreneurs to maintain, accumulate, and employ capital for best satisfaction of consumers around the world.
Being resentful about a business transaction after the fact isn't the same thing as being exploited or abused.
The Green New Deal contains a wish list of progressive social and economic goals that come with a staggering price tag.
Yoram Hazony’s critique of Hayek highlights interesting fissures in theories of political economy on the Right.
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
The fruit of the Enlightenment has been the growth and centralization of the state, at the expense of all other institutions. The material plenty we enjoy today are in spite of this change, not because of it.
Mandatory parental leave imposes costs on employees who don't qualify for leave, and on the employers themselves — driving down demand for workers, and raising unemployment.
Murray Rothbard was a genius. One aspect of this was his writing as an American historian. He was every bit as significant a scholar here as he was as an economist and philosopher.
Trump's high-tax trade policies have been a disaster for agriculture in the United States, marked by rising suicide among farmers, and declining incomes for farming households.
Problems with data are yet another reason why empirical science is never “settled.”
