The Goose That Laid the Golden Eggs
Mark Thornton discusses his new paper on Ludwig von Mises, trade, and human progress.
The Absurdity of Intellectual Property Laws
While protecting “intellectual property” has a good sound to it — even among libertarians — such policies are harmful to authentic property rights. We need to pursue another path.
The Limitations of Economic Laws
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and…
Mosler Is Wrong, Interest Rate Hikes Don’t Cause Inflation
Bob critiques MMT godfather Warren Mosler’s recent interview where he argued that the Fed rate hikes have been fueling the strong economy.
The Myth of Market Failure
Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.
The Collapse of Real Savings Caused the Great Depression
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose…
Woodrow Wilson and Freedom
For all of his freedom-loving rhetoric, it is clear that Woodrow Wilson was one of the most antifreedom presidents in U.S. history.
Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less
Environmentalists insist on banning fossil fuels and refrigerant gasses in order to end heat waves. That means people will face future heat waves (which will always be with us) without…