Why Taiwan Grew Rich While the Mainland Starved
Although hardly "free-market" in any doctrinaire way, the relatively free economy of Taiwan delivered immense growth in standards of living while many Chinese on the mainland starved.
Although hardly "free-market" in any doctrinaire way, the relatively free economy of Taiwan delivered immense growth in standards of living while many Chinese on the mainland starved.
As a government economist for Austria following WWI, Mises fought a losing battle against reckless policies of inflation and government spending.
The "Green New Deal" is aptly named, in the sense that the original New Deal was a massive boondoggle that restricted liberty and crippled the economy.
The Venezuelan central bank helped the regime destroy the middle class's wealth for many years.
A traditional argument for unbacked fiat money was based on the idea it was less-costly to produce fiat money than gold or silver. This cost savings could then enrich society overall. But recent data suggests this isn't true.
The economist’s lot is to study a field in which, almost more than any other, human folly displays itself.
Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.
The academic scholar, along with the great teacher, is vanishing from the universities and being replaced by one-dimensional specialists.
Austrian scholars should not shy away from engaging mainstream law and economics scholars.
It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending.