After defeating the British in the American Revolution, Americans had the opportunity to set the country on a long path of freedom. They chose to empower government, instead.
For many years, some economists and politicians have painted income equality as a major threat to our economy and well-being. As usual, they understand neither inequality nor economics.
Mark Thornton updates the Stocks versus Manure contest, then explains why gold’s correction may be temporary, and why democratic socialism attracts young voters with failed answers to real problems.
When Vladimir Putin took power in Russia, the nation had a potentially bright future. Today, bogged down in war and its economy approaching Third World status, the future doesn’t look very good.
In attempts to rectify what are seen as historical wrongs against certain groups of people, western governments have embarked on programs to engage in wrongs against other groups of people. The universal principles of liberalism are supplanted by policies sure to make matters worse.
The US has 20 to 30 million government regulations. Big corporations have legal departments. Startups have you. Mark Thornton on who the "regulatory thicket" is really built to protect.
What were Abraham Lincoln’s views on racial matters of the day? In today’s Friday Philosophy, Dr. David Gordon takes a critical look at Harry Jaffa’s interpretations of Lincoln’s statements and finds them wanting.
The anti-slavery disunionists and the abolitionists were some of the most critical of slavery and the most serious about ending it. For them, decentralization and secession were potential solutions not problems in ending slavery.
Strip away the mystique and ChatGPT is a next-word predictor with some randomness—the same trick as the spell-checker asking if you meant "dog." Peter Klein on the economics of AI, minus the hype.
The Singer Building and the panic of 1907. The Empire State and the Depression. The Burj Khalifa and 2008. Lucas Engelhardt on why the world's tallest buildings keep opening at exactly the wrong moment.
The anti-slavery disunionists and the abolitionists were some of the most critical of slavery and the most serious about ending it. For them, decentralization and secession were potential solutions not problems in ending slavery.
Murray Rothbard wasn't born an Austrian economist. Patrick Newman on how a Columbia-trained mainstream PhD became Mises's heir—in the hundredth year since Rothbard's birth.
