Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal mechanisms that make the outcomes possible.
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Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.”
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Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.
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Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as…
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By misusing statistics, the government claims that racial disparities are always caused by racial discrimination and that these disparities can only be rectified by state-directed outcomes. However, government programs have…
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As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results.
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Politics
Are the Transfer Portal and NIL Ruining College Sports? Explaining the Changes Using Austrian Economics
A common refrain among college fans is, “The Transfer Portal and NIL are ruining college sports.” But are they? Before we can answer that question, we have to be able…
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Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from…
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Clark Neily Imagine you were operating a shark-diving charter boat in Florida and came across a long fishing line that you believed to be the work of poachers. You haul…
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Never forget the Christmas truce of World War I, when troops refused to be pawns of empire for one blessed day.