Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether.
The Murray N. Rothbard Memorial Lecture. Sponsored by Steven and Cassandra Torello.
California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong?
The Friedrich A. Hayek Memorial Lecture. Sponsored by Donald and Judy Rembert.
When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.
The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?
The right to be able to enter into contracts with others is fundamental to free markets and a free society. That means people should be able to engage in discrimination.
Open-borders advocates often point to the alleged openness of borders between the individual states in the USA. However, a closer look shows there are many restrictions most Americans are unaware of.
