The Great German and Austrian Inflations, 100 Years Ago
This year marks the 100th anniversaries of the great German and Austrian inflations that began with the coming of the First World War in…
Dr Richard M. Ebeling
Dr. Richard M. Ebeling is Professor of Economics at Northwood University
Celebrating Adam Smith on His 300th Birthday
Three hundred years ago, on June 5, 1723, one of the most important and influential thinkers in modern history, Adam Smith, was born in…
The Smoke and Mirrors of the Debt Ceiling Crisis
The Washington political establishment, the social-media pundits, and the editorial pages of many newspapers have all been warning of a fiscal Armageddon if the…
Monetary Freedom Instead of Central Banking
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general…
Liberalism, True and False
The death of liberalism has been hailed or feared for well over a century now. In the United States, the tribal collectivists of identity…
If America Were Totalitarian, Where Would You Want to Live?
Suppose that one evening as the sun was setting and dusk was settling in, a strange mist fell over the United States that resulted…
Out of Control Government and Isaiah’s Job
It is very difficult to be a classical liberal or libertarian and not experience bouts of disappointment, frustration, and outright pessimism. The world around…
Would You Abdicate If You Could Be the Dictator?
Leonard E. Read, the founding and long-serving first president of the Foundation for Economic Education (FEE), once told a story about when he first…
In the Beginning: The Mont Pelerin Society, 1947
Seventy-five years ago, there occurred an important event in the post–World War II revival of free-market liberal ideas. Over the first ten days of…
Can Capitalism Survive? 80 Years After Schumpeter’s Answer
Eighty years ago, in the midst of the Second World War, Austrian-born economist Joseph A. Schumpeter published one of his most famous books, Capitalism, Socialism,…