While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening. Original Article: The United States Needs

The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace. Original Article: What Would Happen If the US Stopped Supporting

One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.” Original Article: Are Businesses Entitled to a Fair Profit?

The Wall Street Journal reported last month that the ballot initiative to decriminalize all drugs in the state of Oregon is failing, and that efforts are underway to recriminalize hard drugs. Mark points out that decriminalizing drug possession does nothing to improve

Market processes rely on prices, which are not established by a government decree or by the randomness of the human mind but are instead determined by supply and demand. The consumer’s wants and needs are signaled through prices, which are

Thousands of busybodies have descended on Abu Dhabi to forestall what they see as an imminent apocalypse. The twenty-eighth meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC COP28) being held in

[This essay was originally published as "Die Legende von Versagen des Kapitalismus" in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf (1932)1   The nearly universal opinion expressed these days is that the economic crisis of recent years marks the

Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for the economic gloom: Republicans. In a recent New York Times article, Krugman touts that partisanship and media