Interventionism

Why didn't private entrepreneurs finance the moon program in the 1960s? Robert Murphy explains that the financial returns from such a project wouldn’t come close to covering the expenses, which is a market signal.

Mises was right that unions have always been a primary source of anti-capitalistic propaganda. But since he wrote Human Action, American unions have also been at the forefront of lobbying efforts on behalf of the regulation and taxation of business—of capital—that has severely hampered the market economy, making everyone, including unionists, worse off economically.

If we had the medical system that a number of politicians and newspaper editorial writers in this country have been demanding, I very likely could have died.

The government stumbles or runs into crisis after crisis, writes Gregory Bresiger.

It was capitalism that finally ended the Great Depression, writes Tom DiLorenzo, not FDR's hair-brained cartel, wage-increasing, unionizing, and welfare state expanding policies. 

Charles Tomlinson remembers when the environmental movement screamed that the world as we knew it was destined to doom because of the nasty chip mills, the clear cut destruction of the forests, and the pollution of our waters caused by tree cutting.

A basic understanding of the elementary economics of unionism, writes Tom DiLorezno, shows why violence against competitors has always been an inherent feature of unionism.

Everything we have heard from conventional wisdom regarding the minimum wage is false, writes Shawn Ritenour.

The "superior bargaining power" argument has always been the most important argument on behalf of unionism and of all the legislative privileges that unions enjoy. Thomas DiLorenzo points to Mises's demolition of the idea.

A recent article in the Wall Street Journal is a perfect example of how bad economic arguments in support of good ends can be easily twisted and used to confuse the general public.