By appealing to tariffs and other forms of economic regulation, Republicans have tossed aside any commitment to free market economics. Unfortunately, their program will lead to more economic stagnation, inflation, and runaway government spending.

A recurring myth among progressives is that the state can enforce "fairness." However, given that government cannot even effectively define fairness, one doubts that the state can "enforce" what it doesn't know.

The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.

David Gordon reviews J.W. Rich's new book, Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethics and finds much to like about this volume.

While Donald Trump is trying to appeal to homeschooling families with his Agenda 47 plan, the reality is that by offering tax breaks and subsidies, the federal government ultimately will be able to regulate homeschooling, and federal control will ruin homeschooling as we know it.

Politicians say "greedflation," and profits are what fuels rising prices, but the real culprit is fiat money creation fueled by the central bank.

Taxing "the rich" won't make life more affordable for ordinary people. The true cause of the affordability crisis is inflation caused by central banks.

With the US government engaged in out-of-control spending, we are looking at tax increases in the coming years. And even if Congress does not pass official tax hikes, we will see the government seizing wealth via inflation.

What does this new coalition mean for broader realignment between parties?

A few years ago, the leftist publication The Intercept claimed that inflation only hurts the “one percent,” but is “good” for everyone else. The truth is much different, as the Fed’s inflationary policies have benefited the politically-connected crony class.