Ever since the Great Depression, most economists have claimed that the key to increasing economic growth is to lower unemployment. However, increasing the savings rate and building a capital structure are the keys to growth—and lower unemployment.
Many Americans are convinced that only government can provide useful science since government is supposed to be “neutral,” not corrupted by profit seeking. However, politics corrupts science research more than anything else.
The Dutch Tulip Bulb Mania of the 1630s continues to fascinate, especially given the recent asset bubbles our economy has experienced. What caused this bubble is worth a second look.
What do we mean by “individualism” in the American tradition? It is not separatist or atomistic, but rather freedom from having state actors running one’s life.
How best to present libertarian thinking? Libertarians should not depend just on logic, but also upon presenting libertarian ideals in a practical and useful way.
This week, Dr. David Gordon reviews Ivan Eland's A Balance of Titans. While admiring Eland’s call for less intervention, Dr. Gordon asks why the US needs to intervene militarily overseas at all.
Popular views of capitalism and free markets are not shaped by the facts, but rather by anti-capitalist intellectuals and the media.
As government spending spins out of control, the Federal Reserve continues to inflate, leaving the economy in a permanent state of inflation. Most Americans will find themselves falling further and further behind.
While some economists are celebrating the awarding of the Nobel Memorial Prize in Economics to three economists who are relatively friendly to free markets, we should not forget that most Nobel winners have been unrepentant statists and socialists.
So-called democratic socialists claim they just want to empower ordinary people through democracy. Socialism, however, invariably must turn into a top-down system of central planning in which the state is all-controlling.
