Peter Van Doren Economists’ understanding of oil shocks has evolved over time. The original view was that reductions in supply from Middle East wars or OPEC decisions were important causes…
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Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not create an enlightened moment in U.S.…
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Editor's PickInvesting
Keeping Kids Safe Is Good but Policy Proposals Are Still Bad for Speech, Innovation, and Kids’ Safety
David Inserra, Jennifer Huddleston, and Christopher Gardner When it comes to kids online, policymakers often have the best of intentions. Even if they radically disagree on what’s good for children,…
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“77 percent of [Republicans] support the war, on average. But that’s exactly what we’d expect for almost any Trump policy.”
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Is the state necessary? In this week’s Friday Philosophy, Dr. David Gordon follows Aeon J. Skoble’s argument that we can do without the state and finds there is much to…
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In commemoration of Murray Rothbard’s 100th birthday, Bob shares five “greatest hits” from Rothbard’s economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his…
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Growth in gross domestic product was down sharply from 4.4% in last year’s Q3 and 3.8% in Q2. The fourth-quarter number was half the govt’s first estimate of 1.4%
Alex Nowrasteh Mohamed Bailor Jalloh murdered one person and injured two others in a terrorist attack on March 11 at Old Dominion University in Virginia. I immediately knew that Jalloh’s attack…
“Wright’s use of the word “unlikely” was a veiled concession that a spike to $200 was possible, though he repeated that the price jump would be weeks not months.”
When someone argues in favor of state control of economic processes, they are, by definition, presenting an argument based upon the ad baculum fallacy, the “appeal to force.”