Javier Milei’s sensational performance in the Argentinean presidential election primary confirms the very real possibility that an anarchocapitalist who quotes Rothbard and Mises could become Argentina’s next president. If elected, there is little doubt that Milei will implement proposals aimed at profoundly reshaping Argentina’s economy
Clark Packard Between the establishment of the People’s Republic of China in 1949 and the 1970s, China’s economy was centrally planned. It engaged in little commerce and extreme poverty was widespread. Beginning in the late 1970s, China began a series of market‐oriented reforms. This policy correction paid
Jeffrey Miron This article appeared on Substack on September 22, 2023. The White House recently announced the granting of Temporary Protected Status (TPS) to Venezuelans who arrived in the US before July 31st, a special designation allowing them to stay and work for 18 months. The announcement comes in
John Mueller Regardless of how it ends, Russian President Vladimir Putin’s war in Ukraine is likely to go down in history as a massively counterproductive failure, and he may well be remembered as Vladimir the Fool, or, to update an infamous fifteenth century moniker, as Vlad the
Social Justice Fallaciesby Thomas SowellBasic Books, 2023; 224 pp. Thomas Sowell has given us a penetrating criticism of the approach to justice taken by many political philosophers, especially John Rawls and his innumerable followers. He says that they construct an image of the way society ought
Travis Fisher A previous post showed that the total cost of the Inflation Reduction Act’s (IRA’s) energy subsidies could reach $3 trillion. Subsidies so large cause a lot of problems—one being that advocates of a robust electricity infrastructure, like me, are now skeptical of using federal policy to
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation during August accelerated, coming in at the highest year-over-year increase in three months. According to the BLS, Consumer Price Index (CPI) inflation rose 3.7 percent,
Colleen Hroncich When the kids in Rosa Aristy’s homeschool co‐op said they wanted to learn coding, the moms all looked at each other and wondered who was going to teach those classes. “The kids were so enthusiastic and wanted to learn more,” she recalls. “And I thought
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected. Original Article: Striking Autoworkers Will Only Harm Their Own Livelihoods
According to many commentators, the Fed’s monetary policy, which aims at price stability, is the key factor in attaining stable economic growth. They claim that what prevents the attainment of price stability are fluctuations in the federal funds rate relative to the neutral interest rate,