Government Monopoly Money vs. Personal Choice in Currency
For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from…
Dr Richard M. Ebeling
Dr. Richard M. Ebeling is Professor of Economics at Northwood University
Economic Ideas: Jean-Baptiste Say and the “Law of Markets”
Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals…
Karl Marx and the Presumption of a ‘Right Side’ to History, Part II
Those who speak about being on the “right side of history” have, knowingly or not, adopted a central element in Karl Marx’s analysis of…
Economic Ideas: Karl Marx and the Presumption of a “Right Side” to History
One of the most common phrases to be heard from those on “the left” is the assertion that someone or some public policy is…
Economic Ideas: Frédéric Bastiat on the Law of Liberty and Free Markets
The defense of economic liberty has never been an easy task. Adam Smith expressed his own despair at this problem in The Wealth of…
Trade Deficits Don’t Matter – Unless Caused by Government
In 2016, the United States exported goods and services equal to $2.209 trillion, and imported goods and services with a market value of $2.712…
Political Planning versus Personal Planning by Everyone
In politics everyone has a plan. A plan to “fix” the health care problem. A plan to “protect” the environment. A plan to “guarantee”…
What Is a Government Worker Worth Without a Free Market?
Where are you more likely to earn a better salaried income, in the private sector or working for the government? Well, it turns out…
The Moral Foundations of the Free Market Society
Higher education in the United States is engulfed in an ideological campaign against the American political and economic traditions of individual liberty, free competitive…
The Consumer Price Index, a False Indicator of Our Individual Costs-of-Living
For years the Federal Reserve and many other central banks around the world have declared that a key element of monetary policy is the…