Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
Brent Skorup The Federal Communications Commission today voted to reinstate Title II regulations for the Internet, needlessly extending the so‐called net neutrality controversy into its third decade and opening the agency up to legal challenges. In 1996, before most Americans knew the sound of an AOL
Colin Grabow Earlier this month Sen. Marco Rubio (R‑Florida) took to X (formerly Twitter) to address criticisms—including from me—of recent opinion pieces he penned calling for the expanded use of industrial policy. I’m normally not one to respond to social media call‐outs, but since a sitting senator
Marc Joffe Like mom and apple pie, the public library seems so intrinsically good that it should be beyond criticism. But like any institution that consumes millions of tax dollars, public libraries should not be free from scrutiny. And the facts are that neighborhood libraries have
Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition.
Romina Boccia and Dominik Lett Congress recently approved a $95 billion foreign aid package to send aid to Ukraine, Israel, and the Indo‐Pacific region. Including this new “one‐time” emergency spending in fiscal projections distorts the Congressional Budget Office (CBO) baseline. With interest rates persistently high and long‐term
Individual rights originated in Western thinking. Today, it is the West that produces the ruling class that disdains individual rights and replaces them with collectivism.
Individual rights originated in Western thinking. Today, it is the West that produces the ruling class that disdains individual rights and replaces them with collectivism.