Before the government interfered, milk was already expensive, but people could buy it. Now there is only an insufficient amount of milk available. Therefore, total milk consumption falls. The next measure the government can resort to is rationing, but this only means that certain people get milk while other people get no milk at all. These were the exact words of Ludwig von Mises in his 1959 book Economic Policy .
The COVID-19 pandemic can be used to illustrate two problems that are both more destructive than the virus. The problems relate to how
“You know, we eat guys like you for lunch every day of the week.” Those were the words of AT&T Chairman John deButts nearly fifty years ago
As written in the January 1st Poetic Justice Warrior Year in Review, Supremely independent, he was able to integrate his sense of the human
Who could even imagine, now, a modern nation without recycling bins, recycling plants, and yoghurt containers made with recycled materials..
The USA was in decline for the last decade, falling to 16th in 2015, but is now catching up to the world leaders. Canada’s Fraser Institute
A tragedy common to human history is unfolding in Venezuela. It’s impossible to predict how it will end or what the human toll will be.
“Firing people was easily the worst part of the job.” Those are the words of a great friend of mine who for decades ran a very successful
Douglas Den Uyl is vice president of educational programs for Liberty Fund. Douglas Rasmussen is a professor of philosophy at St. John’s
My first night as an Airbnb host was a near disaster.I thought I was prepared. Glamour shots of the house – check. Coffee maker – check...
“There are some rules I’m perfectly willing to obey,” explains Howard Roark, the protagonist of Ayn Rand’s 1943 best seller, The Fountainhe
tesla.jpgIf you’re like me, you cheered the announcement by SpaceX head Elon Musk that his company plans to send two people on a slingshot
Quick quiz: If you jack up the price of something, do you think people will buy more or less of it? Apparently, the obvious answer “Less!”..
I’m Heather Wagenhals, native Phoenician (from Phoenix, Arizona, that is!), author, speaker, professional coach, and radio talk-show host...
I am a classical-liberal intellectual, or at least a student of classical liberalism.I specialize in energy history and public policy. That
I don’t know who determined that May 20 should be “Be a Millionaire Day,” though it is a good idea. I do know that most people’s ideologies
When Gov. Jerry Brown signed a law requiring all employers to pay workers at least $15 per hour, he unbelievably acknowledged that “Economic
Many “sharing economy” firms are in trouble! Venture capitalists have lost millions! It’s the beauty of capitalism, improving our lives...
California has approved a new law hiking the minimum wage to $15 per hour by 2022. Governor Jerry Brown calls the plan “economic justice.”
Krugman argues that there is a consensus among economists that returning to the gold standard is a bad idea. Rather, he believes that it is
