Who Sets the Prices for Goods?
Contrary to anti-freedom myths, “greedy” business owners don’t decide what prices will be for goods and services.
Blinken’s Blinkers—Four Years of Biden Foreign Policy Failure
Anthony Blinken‘s term as US Secretary of State will be ending, although not soon enough. He had the misfortune of working for a president who pursues an aggressive and cynical foreign policy that is bound to end in failure.
Does Mass Immigration Adversely Impact the Natural Environment?
Opponents of President Biden‘s immigration policies have resorted to suing the Environmental Protection Agency to claim mass immigration harms the environment. Some observers have likened this to trying to nail Al Capone on income tax evasion.
Was Ricardo’s Comparative Advantage Really Different From What Adam Smith Said About Foreign Trade?
In this episode, Murphy clarifies what is right and wrong on comparative advantage.
Prohibition: The Sword of the State
Prohibition is one way the government swings the fist of violence into our daily lives.
It’s Good to Be Skeptical of Elections
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.
The Political Theology That Maintains State Power
While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The US state is no exception.
Don’t Knock Nock
Almost 90 years later, Albert Jay Nock’s Our Enemy the State remains a classic and definitive work on examining the state for what it is: a liberty-crushing behemoth. David Gordon takes another look at this important work.
Exchange is Not a Zero-Sum Game
One of the oldest and most harmful economic fallacies is the belief that at best, economic exchange is a zero-sum activity. However, free exchange in an unhampered market is always positive.