Socialists claim that any work done in a market economy is oppressive because labor in that situation cannot be adequately compensated. However, workers in a market system freely choose among many alternatives in order provide the best opportunities for themselves.

Mises was right: “It is obvious that this new-fangled connotation of the terms inflation and deflation is utterly confusing and misleading and must be unconditionally rejected.”

We might say that self-determination and secession—and self-determination’s opposite, imperialism—are three ways of looking at the same object.

Despite a British trader's demands that government impose a wealth tax on the rich, such a tax would have negative effects on the economy in general and on wealth generation in particular.

The socialist case against capitalism is not based upon facts of history, yet socialism is still seen as the superior moral system. Over time, capitalism creates wealth across society while socialism creates poverty.

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.

It's time to check the underbelly of the economy’s mighty growth industry.