A foreign policy that seeks to maintain a global empire is entirely incompatible with the laissez-faire, free-market system at home that many hawkish self-described libertarians claim to support.
According to Rothbard’s first law of incidence, “no tax can be shifted forward.” That is, the person or company paying the tax cannot make the buyer pay the tax.
In dealing with the question of why the United States, a country founded on liberty, turned into a militaristic behemoth, Ralph Raico looked to the work of historian Arthur Ekirch for answers.
With President Trump demanding people in the armed forces as well as in other government offices do his bidding no matter what the law might be, it is time for people to learn the lesson of Captain Vere.
Ludwig von Mises Mises argues in Nation, State, and Economy that nationalism is compatible with economic and political liberty if it is peaceful, based on self-determination as an individual right.
Economics has its own four-letter words. Although they are not obscene, socialists and statists would find them so.
Whenever there is an economic problem, politicians in knee-jerk response blame private monopolies. The problem isn’t monopolies; the problem is government.
President Trump’s erratic actions have created uncertainty in the gold markets, and just about everywhere else, and there is no end in sight.
The notion that AI can take over an economy is fantasy. A market economy is not made up of competing algorithms but rather sets of prices that lead to discovery.
The boom-bust cycle is not a mystery. Understanding why requires grappling honestly with what the last fifty years produced.
