Reprinted from Mises.org In a recent speech of which Politico claims absolutely energized the “Progressive” left, Elizabeth Warren laid out her so-called 11 Commandments of Progressivism. In what follows, I will first give Warren’s “commandment,” and then explain how each so-called commandment cannot
In June the U.S. Congressional Budget Office (CBO) updated its forecasts regarding the “individual mandate” component of the Affordable Care Act (ACA), also known as “ObamaCare.” Recall that the individual mandate is the tax levied on Americans who commit the
Reprinted from EconomicReason.com The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned
In the ongoing march of scientism, the flawed worldview that everything in life is ultimately reducible to numbers and equations, researchers have been increasingly interested in attempting to measure people’s happiness in order to determine which economic and social policies
This essay is available for sale as a Kindle book on Amazon.com for 99¢. Go to http://amzn.to/1nsDDLP. Prelude to Piketty: The US Government’s Assault on the American Economic System Over the course of several generations, the US government has
Special Announcement – Fifth Austrian ConferenceWe are thrilled to inform you that –besides our outstanding list of Key Note Speakers(http://bit.ly/1BJvsFx) – the following scholars have already confirmed their presence at the FifthInternational Conference “The Austrian School of Economics in the
I’ve been following the wonkish analysis of the Affordable Care Act–abbreviated as the ACA or often referred to as “ObamaCare”–from the beginning. I’ve noticed that even though most Americans think it grants “universal coverage” the same way that anybody can walk
Libertarians tend to agree with each other on most things. We all favor less government regulation, lower taxes, less involvement in international conflicts, and more personal freedom. There are a few areas, however, in which the movement remains sharply divided.
Reprinted from The Freeman It thrills me when McDonald’s burgers get the attention they deserve. This happened last year when Stephen Dubner, co-author of Freakonomics, made the provocative statement that the McDouble is the cheapest and most nutritious food in human history.
In a recent post at Forbes, John Tamny made some very strong claims against the Austrian School. In the present post, I want to push back on just one of his points (though I think there are several problems with
On the one hand, I obviously understand that economist Scott Sumner is being whimsical in this recent blog post where he offers “A utilitarian defense of reckless young men.” Yet on the other hand, Sumner’s analysis is horribly flawed, in
Reprinted from Mises.org Last week (two weeks ago – ed. note) marked the 100 Anniversary of the beginning of World War I. That war, which produced over 37 million casualties, not counting the related famines and epidemics that came in the
A recent Vox article claimed in its title: “Dry cleaners charge women more, and it matters more than you realize.” Yet as with most of these analyses, the discussion ignores basic principles of economics. Rather than viewing an initially surprising