Economic Policy

Instead, what matters is not whether expectations are stable, but whether expectations correspond to reality. Stable expectations cannot undo the damage caused by loose monetary and fiscal policies.

Human reason, wrote Ludwig von Mises, is the basis for civilization itself. Western civilization, he said, was built upon economic progress that sprang from reason. However, he also warned that if the West abandoned sound economics, it would trigger its demise.

Human reason, wrote Ludwig von Mises, is the basis for civilization itself. Western civilization, he said, was built upon economic progress that sprang from reason. However, he also warned that if the West abandoned sound economics, it would trigger its demise.

In its attempt to claim that the concept of free trade is full of fallacies, The American Compass builds its anti-free trade case upon fallacies.

Britain‘s Labour Party won an overwhelming victory at the last election, and Prime Minister Keir Starmer has already following the script of Labour when it was run by communists. Already, a large number of wealthy taxpayers have left the country for lower tax havens.

Britain‘s Labour Party won an overwhelming victory at the last election, and Prime Minister Keir Starmer has already following the script of Labour when it was run by communists. Already, a large number of wealthy taxpayers have left the country for lower tax havens.

Steve Hanke warns The Epoch Times of the dangers of the current trajectory of US fiscal policy.

Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.

Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.

It is one thing to understand economics and quite another to be able to explain how economics works. Those who favor free markets also need to be able to explain and defend them.