In Defense of Turgot
Murray Rothbard views the eighteenth-century French economist and administrator Anne-Robert-Jacques Turgot as a great and admirable figure, but David Graeber and David Wengrow do not agree. In their recently published The Dawn of Everything (Farrar, Straus and Giroux, 2021), they present
State-Level Secession Isn’t Enough. The States Themselves Must be Radically Decentralized.
Florida Governor Ron DeSantis last month signed new legislation largely banning the use of vaccine mandates by either private entities or local governments. The new legislation also reinforces the DeSantis administration’s overall efforts to prevent local governments from imposing mask
Manufacturing industry trends in India
The COVID-19 pandemic has highlighted the vulnerability of global supply chains for pharmaceuticals and medical items, food, energy, cars, telecommunications equipment, electronics, and a variety of other goods. Several organizations have begun to reorganize their sourcing and manufacturing footprints to
Those Pushing Monetary Stimulus Are Misled by Japan’s Low Price Inflation
Until very recently, the hefty monetary and fiscal relaxation unleashed by governments to stimulate the economic recovery at the onset of the global financial crisis has not had major inflationary repercussions, in particular as the main benchmark has been the benign
The Individual in Society
The words freedom and liberty signified for the most eminent representatives of mankind one of the most precious and desirable goods. Today it is fashionable to sneer at them. They are, trumpets the modern sage, "slippery" notions and "bourgeois" prejudices. Freedom
How Market Freedom Combats Economic Inequality
For many, income inequality is a disease ravaging the fabric of capitalist societies. Therefore, curing this ailment, according to progressives, necessitates an injection of welfare benefits and higher taxes on the wealthy. Guided by a zero-sum outlook, critics believe that
The Critical Need for Independent Media
Includes an introduction by Tom Woods. Recorded in Lake Jackson, Texas, on December 4, 2021. Ron Paul's two campaigns for president (2008 and 2012) were watershed moments for liberty-minded people around the world. The "Ron Paul Revolution"—centered around his undiluted message
End Roe v. Wade: It’s Time to De-Federalize Abortion Policy
The US Supreme Court is now in the midst of ruling on whether or not US member states have the legal prerogative to significantly limit legal abortion within each state’s borders. With the Roe v. Wade ruling in 1973, the
The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
Here we go again it may seem to many. The Fed is preparing us for a policy tightening just when a powerful growth cycle upturn is faltering. Or is it in fact an example of another well-known type of error
Natural and Neutral Rates of Interest in Theory and Policy Formulation
Interest has a title role in many pre-Keynesian writings as it does in Keynes's own General Theory of Employment, Interest, and Money (1936). Eugen Böhm-Bawerk's Capital and Interest (1889), Knut Wicksell's Interest and Prices (1898), and Gustav Cassel's The Nature