Why Do We Work?
Socialists claim that any work done in a market economy is oppressive because labor in that situation cannot be adequately compensated. However, workers in a market system freely choose among…
Two Years of Sounding the Alarm: Reflections and Progress on Addressing the US Debt Crisis
Romina Boccia It’s been two years since I joined the Cato Institute as director of federal budget and entitlement policy. Over the past year, we’ve made significant progress in advancing…
Corporate Welfare Breeds Corruption
Chris Edwards President Joe Biden said big corporations should pay their fair share, yet he increased corporate tax loopholes 92 percent. Biden promised to end trickle-down economics, yet he showered…
Tax the Rich? Not a good idea
Despite a British trader’s demands that government impose a wealth tax on the rich, such a tax would have negative effects on the economy in general and on wealth generation…
Techno Unemployment
It’s time to check the underbelly of the economy’s mighty growth industry.
Presenting the moral case for capitalism
The socialist case against capitalism is not based upon facts of history, yet socialism is still seen as the superior moral system. Over time, capitalism creates wealth across society while…
Republicans declare war on the American economy
By appealing to tariffs and other forms of economic regulation, Republicans have tossed aside any commitment to free market economics. Unfortunately, their program will lead to more economic stagnation, inflation,…
The Federal Reserve Does Not Own Gold
The Fed has owned no gold since 1934, when the Fed handed over all its gold in exchange for gold certificates.
Recap of Mises University
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What Does Say’s Law Really Say?
Bob goes solo to give the historical context and true meaning behind “Say’s Law,” as well as the caricature presented by Keynesian critics.