Bob Murphy digs into the latest GDP numbers, questions Peter St. Onge’s optimistic spin, and shows what the data really says about
Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is
Peterson implies the “dark tetrad” is emerging on the non-interventionist right, cloaking their real intentions with conservative rhetoric. Interestingly, however, a historical
A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to
Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is
The modern state, unlike the medieval monarchy, does not merely tax to sustain itself or to defend the nation. It taxes to
A Gallup survey taken in March this year found only 46% of Americans expressed support for Israel (the lowest level in 25
These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.
William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want