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Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.
Swaminathan S. Anklesaria Aiyar India and Pakistan are in danger of starting another armed conflict. India may attack Pakistan after accusing its neighbor of...
Michael F. Cannon, Krit Chanwong, and Dominik Lett Medicaid subsidizes medical care for low-income individuals and long-term care for many not-so-low-income individuals. After Social...
Why do cultures degenerate? Robin Hanson cites biological factors, but Mises and the Austrians point directly to purposeful choices.
