In It's a Wonderful Life, George Bailey was right to oppose Old Man Potter. Potter's fondness for the draft board and his attempt to use the DA to crush his adversary shows Potter had little regard for truly voluntary exchange.
With this analysis of gift giving, we're reminded that mainstream economists seem hell-bent on reforming anything they haven't already screwed up.
Axel Kaiser writes that Chileans’ “advantage is due to an historical accident, which is now coming to an end” and predicted that “Chile will show, in the coming years, that it is nothing more than any other Latin-American country.”
Once upon a time, the president was expected to pay for parties and public relations out of his own pocket. Now we have the Office of the First Lady, so taxpayers can now pay her staff to plan opulent parties for wealthy donors and powerful politicians at the White House.
Our monetary system, combined with interventionist state policies, causes mass overconsumption, the destruction of wealth, capital consumption, and the destruction of nature.
Bob Murphy interviews Dr. Sabine Hossenfelder, head of the "Analog Systems for Gravity Duals" group and Research Fellow at the Frankfurt Institute for Advanced Studies.
Why does gold still matter? Politicians, central bankers, and investors dismiss it as a relic, but the precious metal still plays a role in today's economy. Keith Weiner of Monetary Metals explains why.
Woke journalists are not barriers to state-sponsored oppression, but rather its enablers.
It is noteworthy to remember that no other American milieu was more enthusiastic in the endorsement of communism than that of Hollywood.
Advocates for "blue laws" want to impose more laws on shopkeepers. These moral crusaders should instead start by setting a good example, and stop watching football games, ordering pizzas, or filling up on gas on Sunday.
