Our Monetary System Favors the Rich and Hurts the Poor
Our monetary system encourages debt and punishes saving. It also benefits those who already have money at the expense of those who do not.
Our monetary system encourages debt and punishes saving. It also benefits those who already have money at the expense of those who do not.
When police are trained to regard the citizens as military opponents, bad things happen.
As expected, this week's political convention failed to offer any real solutions to the problems we face.
Even if consumer protection regulation is motivated by good intentions, it inevitably undermines competition and consumer welfare.
Central bankers are moving heedlessly toward what Ludwig von Mises called "crack-up boom."
The Blacklist's Raymond Reddington illustrates how private-sector criminals are often better than the public-sector kind.
In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.
Murray Rothbard suggested that non-state insurgents were preferable to state-operated militaries. But can non-state armies ever succeed?
The UK's exit from the EU cannot and will not, in itself, trigger malinvestments and their subsequent inevitable liquidation through a bust.
Hillary Clinton and Donald Trump represent variations of the same political theme.