Tariff 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…
Dr Richard M. Ebeling
Dr. Richard M. Ebeling is Professor of Economics at Northwood University
Monetary 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…
Karl 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…
Reasons for Anti-Capitalism: Ignorance, Arrogance, and Envy
Why is the free enterprise or capitalist economic system so widely disliked, hated and opposed? Given the success of the competitive market economy to…
Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”
One day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked…
Trump’s Protectionist Follies Threaten a Trade War
President Donald Trump has announced the planned imposition of a new, 25 percent tariff on imported steel and a 10 percent tariff on foreign…
Why Not Private Provision of Many Government Services?
One of the great controversies in modern society concerns the necessary and required functions of government. There are few who disagree that if government…
Public Goods, National Defense, and Central Planning
The competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and…
Capitalism and How Expectations Coordinate Markets
Open, competitive markets have a resilient capacity to successfully coordinate the actions of, now, billions of people around the world. With an amazing adaptability…
America’s Great Depression and Austrian Business Cycle Theory
When Murray Rothbard’s America’s Great Depression first appeared in print in 1963, the economics profession was still completely dominated by the Keynesian Revolution that began in…