Critics of Austrian Economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails.
Tuesday night’s Vice-Presidential Debate was remarkable not for what was said (which was forgettable), but for what was not asked: What should be the proper role of government in what purports to be a free society? Neither candidates nor the moderators were interested in that
Einstein's name is synonymous with brilliance, yet his great intelligence did not translate to logical economic thinking. Instead, Einstein embraced socialism, thinking that one could guide an economy like one guides a mathematical equation.
Donald Trump and Elon Musk want to make the federal government more efficient. But if the true aim of our political system is not to solve the problems facing Americans but to transfer wealth to the government and politically-connected, the government is already very efficient.
Donald Trump and Elon Musk want to make the federal government more efficient. But if the true aim of our political system is not to solve the problems facing Americans but to transfer wealth to the government and politically-connected, the government is already very efficient.
Walter Olson Number three in our series of occasional roundups on election law and policy: “Misinformation spreads after 750,000 names removed from North Carolina voter rolls. Here are the facts.” Good examination by the Raleigh News and Observer of typical viral claims that catastrophize about routine list
Scott Lincicome Skeptics routinely mention “cheap t‑shirts” from abroad as an insufficient counterweight to globalization’s supposed costs. This argument, however, misunderstands the modern global economy and the many people here and abroad involved in making even the simplest of products. So, as part of Cato’s Defending Globalization project and
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