Mike Fox When the US Constitution was first drafted in 1787, it didn’t include a specific declaration of individual rights. Many of the Framers argued that the Constitution’s structure of…
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In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality…
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James A. Dorn The distinctive feature of capitalism, properly understood, is freedom: the freedom to own property (i.e., to be a capitalist); the freedom to trade in private markets; and…
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For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it hasn’t done is protect farmland.
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The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.
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The GSEs have likely been told by the administration to buy up more mortgage debt to create the illusion that there is more demand for real estate than there is.
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Cuban hospitals are overwhelmed, pharma drugs are in short supply, and diagnostic tools are in short supply. The Cuban state is pretending nothing is wrong.
Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost of living, and why Austrians shouldn’t…
On the economy, Trump gives himself a grade of “A+++++,” which is reminiscent of Hoover and other politicians who interpreted their economic failures as successes.
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.