Free Markets

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Rothbard on Economic Ignorance

EducationFree MarketsAustrian Economics Overview

Blog10/13/2015

I’ve noticed that the following Rothbard quote tends to circulate periodically amongst free-market groups:

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.

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In Policy Debates, Can Economics Trump Ethics?

Free MarketsMedia and CultureInterventionism

Blog10/08/2015

To support free markets is to invite criticism on virtually every policy issue. Whether it’s the minimum wage, gun control, or a hundred other topics, markets are constantly under attack, and the burden of proof always seems to fall on advocates of free choice to show that it’s...

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The TPP and the Trade Rhetoric

Free MarketsGlobal EconomyInterventionism

A real free trade agreement should be short and unilateral. It would then truly allow the market to bring about a pattern of international trade in line with the scarcity of resources and with entrepreneurial judgment about their most efficient international allocation. The TPP, on the other...

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The Socialist Sinking Ship: Then and Now

Free MarketsWorld HistoryPrivate Property

If the Venezuelan example of socialism’s ultimate consequences baffles anybody, it is because of how little (economic) history people remember, and how quickly its lessons are forgotten.

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Austrian Student Scholars Conference

Free Markets

Blog02/23/2015

I just returned from the Austrian Student Scholars Conference at Grove City College and boy, I was impressed.

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Are the Ruling Elites in China Now More Pro-Market than the Ruling Elites in the USA?

Free MarketsGlobal Economy

Blog02/23/2015
Once upon a time, the Chinese were the enemies of private property rights and free markets, and the Americans were the enemies of the Chinese and purported to cherish the institutions that the Chinese hated. Today no such clear-cut difference exists. If anything, today’s Chinese in high places seem...

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Mark Thornton on Cybersecurity

Free MarketsEntrepreneurshipMonopoly and Competition

Blog02/20/2015

Mark Thornton comments in WND's article on recent cyber-security breaches. Thornton notes that, when breaches do occur, "Most, if not all of the time, the customer isn’t harmed; it’s the company that’s harmed. As a result, banks and retailers seek out enhanced security...

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