As housing prices have skyrocketed in Ireland, the government did what governments do all too often: impose rent controls. Such interventions into the housing market have created downstream effects that continue to encourage even more intervention.
After more than fifty years of US government-sponsored housing finance, why has home ownership not increased and why are houses unaffordable?
Voters in last week‘s Democratic Primary in New York City had to choose between a socialist and a crony capitalist. They chose the socialist. Fifty years ago, establishment politicians drove the city into de facto bankruptcy. A new generation of political elites are doing the same.
The Boston Tea Party was an opening act in what came to be a violent culture war and war of national liberation. And it helps us understand how America could become as bitterly divided as it was during the revolution.
Our media, higher education, and, of course, governments tell us that our social and economic problems are due to capitalism. Yet, what we see are governments bringing us inflation, chaos, and the horror of war. It's time we abandon the fiction that governments "serve the people."
The democratic establishment is upset that socialist Zohran Mamdani beat their candidate, Andrew Cuomo, in New York City’s mayoral primary. But the blame for socialism’s rising popularity lies mostly on their own shoulders.
Professor Steve Hanke joins Bob to discuss why COVID lockdowns were an unprecedented policy blunder and how currency boards provide an effective solution to hyperinflation.
Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.
The Supreme Court has told Maryland parents their children do not have to sit through militant LGBTQ+ indoctrination classes, violating their religious values. Previous courts had forbidden parents from “opting out” of such sessions. This is a blow against government tyranny.
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.
