Richard Ebeling

An essential purpose of allowing markets to be free and open in all circumstances is precisely to take advantage of what people can imagine, create, and produce to meet changing patterns of demand in their respective corners of society.

Efforts to get us to accept and even support more of this government intrusion and data mining into our private affairs is one of the great dangers facing us in the coronavirus crisis.

The great idea of an American Exceptionalism based on the ideal of human liberty, personal choice, free association inside and outside of open markets, and equal rights under impartial rule of law was a magnificent chapter in human history that is very possibly coming to a close.

In Uncle Sam’s 2020 fiscal year that began on October 1, 2019, it is estimated that the federal government will spend around $4.4 trillion, of which about $1 trillion will be with borrowed money to cover the budget deficit of that amount.

Here’s what Trump should say during his next coronavirus press conference.

America is slowly following the paternalistic style of government dominating China

The world has rapidly moved into a seemingly aggressive paternalistic planning mode in the face of the Coronavirus crisis. Many voices are heard to say that personal and economic liberties must be restricted or even temporarily banned.

The Coronavirus outbreak will bring long-lasting lessons to all people of Earth. The one message we must fight is that big government solved the crisis.

The country is almost split down the middle about whether government does too much or too little.

Seventy years ago, on January 8, 1950, one of the most famous economists of the 20th century passed away at the age of 66, Joseph A. Schumpeter.

Today, the media and a variety of more serious public policy publications are awash in articles and essays insisting that the postwar “neoliberal” era has finally and inescapably come to an end, with a far more “progressive” and socialist system the way of the future.

Across the spectrum of differing political views, whether “progressive,” “nationalist,” “populist,” or “conservative,” there is a common presumption in all of their policy positions and programs.

The Austrian School of Economics has been one of the most original and insightful approaches to economic understanding over the last century and a half.