The technocratic fallacy
Can the “right person” take office and then “fix” our economic, social, and political problems? In a word, no. People have come to believe that all we need is a…
Did the Tax Cuts and Jobs Act Pay for Itself?
Adam N. Michel The 2017 Tax Cuts and Jobs Act (TCJA) was projected to lower revenue by $1.5 trillion over ten years by the Joint Committee on Taxation at the…
Project 2025: The good, the bad, and the frustrating
With its focus on dismantling the administrative state, Project 2025 represents a refreshingly serious turn for the American right. However, its policy prescriptions remain frustratingly moderate.
Milton Friedman: ‘Crack Would Never Have Existed If You Had Not Had Drug Prohibition’
Michael Chapman Nobel laureate Milton Friedman, a libertarian and one of the most influential economists of the twentieth century, was born on July 31, 1912, and died on November 16,…
Socialism, not US sanctions, ruined the Venezuelan economy
US sanctions against Venezuela are barbaric and immoral. But, they are not responsible for the economic collapse that has transpired in Venezuela over the past twenty years.
Measurement in Economics
Austrian economists understand how we can apply economic laws and concepts to what we see in the real world.
Competition and Monopoly
Austrian economists have a particular way of thinking about competition and the absence of competition in the form of monopoly.