Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.
Prompted by a listener request, Bob gives the standard economic analysis of tariffs and other types of taxes.
Paul Krugman once claimed that inflation was necessary for relative income equality. The truth is that inflation, by creating winners and losers, increases and exacerbates income inequality.
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism.
The great train wreck seems to be happening. Mark Thornton shares his latest guesses and outlook.
Ian Vásquez According to the polls, Venezuelans will overwhelmingly vote against President Nicolas Maduro in Sunday’s presidential election, posing the biggest threat his regime has so far seen to its survival. Nobody expects Maduro to accept the results, but neither does anybody know how things will
Benjamin Giltner and Jonathan Ellis Allen
Canadian bankruptcy filings jumped 40% last year, while CIBC reports nearly half of Canadians have zero emergency savings.
While defenders of democracy claim to hold fealty to the U.S. Constitution, they are quick to jettison it when they claim that democracy itself is in peril. David Gordon disagrees.