Free Markets

Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can't replace sound economics.

Only by repealing the Sixteenth Amendment can freedom from an interventionist government be restored to the American people.

Although progressives and their allies might condemn capitalism, they rarely can define it.

Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.

As political divisions worsen in the United States, one remedy besides secession might be to create semiautonomous regional territories.

People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.

There is a future of capitalism with higher living standards for all. Then there is the alternative: state-directed economic stagnation and runaway inflation.

Garrett wanted his government to mind its own business. This is because he wanted Americans to be able to mind their own business without being taxed, conscripted, or killed in other people's causes. 

Lilburne's courageous campaigns for liberty resulted in his spending much of his life in prisons.