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Politics

In a recession or a crisis, the right approach for individuals is to save. So too for the national economy. Saving does not cause...

Politics

Bastiat emphasized that much of what goes on in the economy involves things we don’t see directly. Intermediaries often fall into Bastiat’s category of...

Politics

No one can legitimately create a monopoly on ideas. The problems of freedom are solved with more freedom and worsened with less.

Politics

Murray Rothbard recognized that the Bureau of Labor Statistics provides the lifeblood for government intervention. It doesn’t need to be “reformed,” but rather should...

Politics

Milton Friedman and the Monetarists believed that fluctuations in the money supply caused the boom-and-bust business cycles. Their solution—keeping money growth slow and steady—would...