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…
Dr Richard M. Ebeling
Dr. Richard M. Ebeling is Professor of Economics at Northwood University
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…
Trump’s Economic Warfare Targets Innocent Bystanders
An often forgotten truth is that it is not just military warfare that can cause injury to innocent bystanders, the same inescapably happens in…
The National Debt Limit Equals a Balanced Budget
Once again the United States government is rapidly approaching a fiscal debt ceiling: After March 16, 2017, Uncle Sam will not be legally allowed…
The Zero-Sum World of Donald Trump
Few American presidential elections have drawn as much international interest and concern as the one in 2016. Certainly, who is elected and sits in…
Economic Ideas: Karl Marx’s Misconceptions about Man and Markets
Though it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually…