Growth and Income Inequality in Africa
2020-08-26
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.
The EU’s Drive toward Political Centralization Will Doom Its Economy
2020-09-10
In the wake of the economically disastrous covid-19 shutdowns, the political class has desperately tried to save the failing euro system. On July 21 European leaders agreed on what they called a "historic" deal. It was nothing more than a multitrillion euro stimulus package.
Inflation as a Tool of the Radical Left
2020-09-20
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency.
Problems with Theories on the Black-White Wealth Gap
2020-10-09
The wealth gap between white and black Americans is frequently discussed. Today it’s becoming popular to attribute disparities to black culture. Clearly all cultures are not equal, but can the subculture of some black American communities explain variations within the wealth gap?
The Idea that Democracy Is the Same as Liberty Is a Weapon in the Hands of Despots
2020-11-07
As Americans approach a date with their polling places and “get out the vote” campaigns crescendo, there is plenty of rhetoric that all but deifies democracy.
Mises Explains the Santa Claus Principle
2020-12-22
The idea underlying all interventionist policies is that the higher income and wealth of the more affluent part of the population is a fund which can be freely used for the improvement of the conditions of the less prosperous. The essence of the interventionist policy is to take from one group to give to another. It is confiscation and distribution. Every measure is ultimately justified by declaring that it is fair to curb the rich for the benefit of the poor.
The Capitol Riot Wasn’t a Coup. It Wasn’t Even Close.
2021-01-10
On Wednesday, a mob apparently composed of Trump supporters forced its way past US Capitol security guards and briefly moved unrestrained through much of the capitol building. They displayed virtually no organization and no clear goals.