The Theory of the Bottom 99%

The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.

Revisiting Colonial Massachusetts and Mises’s Taxonomy of Money

Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money

Only 13% of Republicans oppose the Iran War

Deleting the State: Skoble’s Deleter

Is the state necessary? In this week’s Friday Philosophy, Dr. David Gordon follows Aeon J. Skoble’s argument that we can do without

Oil price surge sparks fears of $200 barrel amid Iran war

"Wright's use of the word "unlikely" was a veiled concession that a spike to $200 was possible, though he repeated that the

Rothbard at 100: Five Economic Insights That Still Matter

In commemoration of Murray Rothbard’s 100th birthday, Bob shares five “greatest hits” from Rothbard’s economics, covering deficits vs. inflation, monopoly theory, excess

GDP growth revised down bigtime to a sluggish 0.7% for Q4

Growth in gross domestic product was down sharply from 4.4% in last year’s Q3 and 3.8% in Q2. The fourth-quarter number was

The State’s Favorite Fallacy: The Cudgel in a Suit

When someone argues in favor of state control of economic processes, they are, by definition, presenting an argument based upon the ad

The Duke Lacrosse Case 20 Years Later: How Durham Law Enforcement Promoted a Criminal Conspiracy

The Duke Lacrosse Case would never have been a legal item had not the police and prosecutors of the case lied and

Only Power Can Check Power: Why We Need Decentralization

The radical classical liberals of the past were not so naive as to think that words on paper would prevent the abuses