Headlines
Economist Explains the One Piece of Advice He’d Give His Younger Self
What is your time worth? If you’re a teenager, one good answer is “not much.” I sympathize: I earned $5 an hour at age 14 in 1993. That’s about $11 or $12 an hour after adjusting for inflation, but that wasn’t very much then…
An Economics Book Whose Time Has Finally Come
In the spring of 1961, the celebrated engineer, philosopher, and social thinker Spencer Heath gave a series of talks at Chapman College in California. At 84 years old, he had lived an extraordinary life with significant…
Why These Popular Chocolate Easter Eggs Are Banned in the US, despite Being Legal Almost Everywhere Else
In January 2011, Manitoba resident Lind Bird was stopped at the US border in northern Minnesota and selected for a random search of her vehicle. During the search, US border officials found and seized a small piece of…
How Two California Parents Are Using Coins to Teach Their Children Entrepreneurship
“A free society is one in which individuals are free to discover for themselves the available range of alternatives.” -Israel Kirzner Teaching children how to become entrepreneurs early is a great way to set your children up…
Faucism’s New Deal Origins
"Many Americans want to 'drain the swamp,' and need to find a way to do so before the swamp drains them of the remnants of their individual autonomy and bank accounts." ~ Robert E. Wright
North Korean Refugee Who Became Best-Selling Author: ‘Only in Capitalism Is My Story Possible’
In 2022 I had the opportunity to attend a two-day conference in Colorado hosted by the Objective Standard Institute. While there were many powerful speakers, the one whose story captivated me the most was that of Yeonmi Park,…
There’s No Such Thing as a Wage-Price Spiral
"The recent uptick in inflation is worrying, and the Fed needs to get a handle on the situation before higher inflation expectations become entrenched. But the Fed doesn’t need to take a sledgehammer to labor markets to…
Understanding Inflationary Finance
"Providing revenue to the state is one of the reasons (and, perhaps the primary reason) governments worldwide monopolize the issuance of high-powered money." ~ Bryan Cutsinger
How the Free Market Handles Monopoly
In the president’s recent State of the Union address he called for “bipartisan legislation to strengthen antitrust enforcement.” For those who aren’t policy wonks, antitrust law is the law that attempts to prevent the…
Joseph Stalin in His Own Words
This week marks the 70-year anniversary of the funeral of Joseph Stalin, the Marxist dictator who led the Soviet Union during World War II and the height of its terror state.
