The Dangers of Totalitarian Planning, Past and Present
Liberty is a delicate idea and institution. While people say they want freedom, fight under the banner of freedom, and even sometimes die for…
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Some Confusions of Language in Economic Thought
Fifty years ago, in 1968, Austrian (and Austrian school) economist Friedrich A. Hayek published a monograph called The Confusion of Language in Political Thought [4]. Hayek…
Read MoreSocialism, Like Dracula, Rises Again From the Grave
Many of us grew up watching movies about Dracula — Nosferatu, the Undead. Fearful of the sunlight that could burn him into cinders, Dracula…
Read MoreTariff Wars and the Fallacy of the Balance of Trade
The world may be on the brink of a series of trade wars between the United States and both the European Union and China….
Read MoreFree Market Capitalism as the Antidote to the World’s Ills
In following the daily news events both in the United States and around the rest of the world, it is easy to get lost…
Read MoreThe Best Answer to Trump’s Tariffs: Free Trade
In the Bible it says, “He that is without sin among you, let him first cast a stone . . .” It also has…
Read MoreThe Myth that Central Banks Assure Economic Stability
The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one…
Read MoreTariff Walls and Trade Wars Equal Government Planning
Trade wars are dangerous and harmful policies for governments to pursue. They hurt consumers due to higher prices and fewer alternatives; they reduce competitive…
Read MoreMonetary Fallacies and Inflationary Bubbles
Looking to the next few years ahead, is America and the world going to continue riding a wave of economic growth, improving standards of…
Read MoreKarl Marx and Marxism at Two Hundred
A specter continues to haunt the world, the specter of Karl Marx. Two hundred years ago, on May 5, 1818, the father of twentieth…
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