The US Constitution as originally written and understood no longer exists. The first wave of “progressives” reinterpreted it to their liking before later generations of progressives finished the job.
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Economists predict Fed will cut twice more by year end
While it is true that one cannot create entrepreneurs in a classroom setting, it still is important that people how entrepreneurship works. No one explains entrepreneurship better than Austrian economists.
The rollback of U.S. meddling in "promoting democracy" is perhaps the most positive foreign-policy reform of the Trump presidency. Column by James Bovard.
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If We Measured the Economy by Quality-of-Life Instead...
There have been four gold busts under the fiat dollar money regimes since the “freeing” of the gold price in March 1968. Will the current gold boom end in a similar bust?
Many Americans are convinced that only government can provide useful science since government is supposed to be “neutral,” not corrupted by profit seeking. However, politics corrupts science research more than anything else.
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Popular Media, Romanticism, and the Statist Insinuation
Ever since the Great Depression, most economists have claimed that the key to increasing economic growth is to lower unemployment. However, increasing the savings rate and building a capital structure are the keys to growth—and lower unemployment.
The Dutch Tulip Bulb Mania of the 1630s continues to fascinate, especially given the recent asset bubbles our economy has experienced. What caused this bubble is worth a second look.
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Individualism and Self-Determination in the American...
What do we mean by “individualism” in the American tradition? It is not separatist or atomistic, but rather freedom from having state actors running one’s life.
This week, Dr. David Gordon reviews Ivan Eland's A Balance of Titans. While admiring Eland’s call for less intervention, Dr. Gordon asks why the US needs to intervene militarily overseas at all.
If the individual cannot keep what they earn, cannot build, cannot invest, cannot act without permission, then the income from tourism is nothing but a fleeting consumption and a steady stream of rent for the ruling class.
How best to present libertarian thinking? Libertarians should not depend just on logic, but also upon presenting libertarian ideals in a practical and useful way.
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Stiglitz and Capitalism: Remembering that Statists...
While some economists are celebrating the awarding of the Nobel Memorial Prize in Economics to three economists who are relatively friendly to free markets, we should not forget that most Nobel winners have been unrepentant statists and socialists.
As government spending spins out of control, the Federal Reserve continues to inflate, leaving the economy in a permanent state of inflation. Most Americans will find themselves falling further and further behind.