Most economists believe that a growing economy needs a growing supply of money. While sounding like a common-sense idea, it turns out to be dreadfully wrong.
Mark Thornton explains how government intervention creates inequality, privileging protected industries and politically connected insiders while pushing costs onto everyone else.
Murray Rothbard wrote many years ago that government regulation, ostensibly created to protect consumers, actually protects incumbent producers from competition. Decades later, nothing has changed.
On this episode of Power and Market, Ryan, Tho, and Dr. Jonathan Newman recent economics headlines, including interventions to prop up the yen, a bad jobs report, and troubling signs in bond markets.
The Fourteenth Amendment to the US Constitution has been the basis of numerous Supreme Court decisions, yet there is a compelling case for its never having been legally ratified. In this week’s Friday Philosophy, Dr. David Gordon examines those claims.
Our history books tell us about how Alexander Graham Bell invented the telephone. They don’t tell us that his company then successfully got the government to grant it monopoly powers, thus harming consumers and stifling technological innovation for nearly a century.
Democrats learned the hard way that voters don’t like being told the economy is great when they’re struggling to afford everyday life. Now Republicans have chosen the same strategy.
Months ago, the administration said the war's goals were regime change and the removal of all uranium from Iran. We never hear about that anymore because the war has failed to produce either goal. Instead, Trump calls for opening the Strait of Hormuz, which had been open before the war.
The stereotype of the Prussian as the militaristic, state-loving creature probably needs to be rethought. The history of Prussia and its people is more complicated than contemporary historians wish to admit.
