Economics
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EconomicsFeatured
Paternalists Plan a New International Political Consensus
by Richard Ebeling March 23, 2022In the midst of the various crises that are enveloping the world, the political paternalists keep dreaming their dreams of socially engineering a new, centrally planned world.
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EconomicsFeatured
US AUTO INDUSTRY COULD STALL DUE TO RUSSIA-UKRAINE WAR
by Nancy Thorner March 19, 2022As the crisis in Ukraine escalates and President Joe Biden puts in place new sanctions targeting the Russian economy, there could be substantial collateral damage to the auto industry, including automakers and parts suppliers in the U.S., Europe and Asia.
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EconomicsFeatured
Omnibus: The Avalanches of DC Money Are All Problems – No Solutions
by Seton Motley March 15, 2022Can we guess who will get the lion’s share of all of this DC money? DC’s biggest cronies, of course.
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EconomicsFeatured
Ludwig von Mises’s Free Market Agenda for a Postwar Ukraine
by Richard Ebeling March 11, 2022The most important element of a truly successful restoration of both freedom and prosperity is a change in ideologies from collectivism and socialism to free market liberalism
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For decades the social engineering economists have insisted that their cases for government intervention, regulation, and income redistribution were merely “pragmatic” proposals to overcome the inefficiencies and “failures” of the market economy.
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The political philosophy of liberalism, founded on the moral equality of all people, gave birth to capitalism.
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Jim Johnston was an advocate for freedom, a fine economist, a philanthropist, and a leader. He was also a good friend.
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As economist Milton Friedman famously said, “Inflation is everywhere and always a monetary phenomenon.” Alleged inflation remedies should be evaluated on their own merits.
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EconomicsFeatured
Civil Liberties, Economic Freedom, and Property Rights
by Richard Ebeling January 5, 2022Property rights and economic freedom are the key ingredient for promoting civil liberties and a free society.
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EconomicsFeatured
Remembering the Soviet Nightmare that Ended Thirty Years Ago
by Richard Ebeling January 4, 2022Socialism always fails – as the complete collapse of the Soviet Union 30 years ago perfectly illustrates.
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May the memory of Jim Tobin always be as a blessing to us all.
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Everyone’s time is valuable, and the value of my time was my opportunity cost. I could have done economist work, like consulting, during the two hours I spent on the roof.
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Modern Monetary Theory will destroy incentive to work and upend the labor market.