The Folly of Legislating against Unfairness
Legislating against unfairness in order to achieve “equal” outcomes is like legislating against the wind. While government has little control over outcomes, its predations can make those outcomes worse.
Legislating against unfairness in order to achieve “equal” outcomes is like legislating against the wind. While government has little control over outcomes, its predations can make those outcomes worse.
In September 2024, undergraduate students will have an opportunity to participate in the Fall Mises Book Club, a program that promotes deep reading in Austrian economics.
The Fed for many years has manipulated the money supply in order to attempt to keep interest rates below market levels. At some point, however, the market prevails in one…
Murray Rothbard once wrote that egalitarianism is a “revolt against nature.” Egalitarianism also can be likened to a superstition, a belief that has no basis in truth.
Whether a state is “conservative” or “progressive,” politicians love to interfere with pricing mechanisms. Texas politicians have decided their wisdom can replace a market pricing system in production and distribution…
Inequality is inevitable and there are many reasons it exists. However, by declaring that racial discrimination is the primary cause of inequality is to substitute egalitarian ideology for economic reality.
The Labor Party’s recent triumph over the intellectually-spent Tories finds the political regime wanting to bring back full-blown socialism. There is little to stop the British left from pushing a…
Is the United States on the fast track to ruination? Or, could a so-called Democratic Socialist government be a role model for the US?
Rate cuts do not signal a healthy economy but a slowing one, so equities slump despite the promise of a rate cut because investors continue to see lower buying pressure.
Bob and Professor St. Onge assess the recent collapse of the Yen Carry Trade: and whether financial markets are a reliable barometer for economic conditions.