Free Markets

No, it isn't Blackstone, and the boomers didn't take it all. Timothy Terrell separates the housing myths from the real reasons you can't afford a house.

A trade deficit sounds like losing—buying more than you sell. Lucas Engelhardt on why that 200-year-old intuition is exactly backwards, and what a deficit actually means.

Rent control's cruelest irony: it makes discrimination cheaper. Joseph Salerno on the long-run effects of price caps that almost no one sees coming.

Do we embrace artificial intelligence, or do we fear it? Both, actually.

Americans are increasingly unable to afford housing. For many young people, the “American Dream” seems out of reach. In moments of economic frustration, populists on both the Left and Right rush to identify villains.

World Cup tickets are a hot commodity with prices through the roof. Naturally, governments want to do what governments always do unsuccessfully: levy price controls.

World Cup tickets are a hot commodity with prices through the roof. Naturally, governments want to do what governments always do unsuccessfully: levy price controls.

It's not the starving artist who resents capitalism—it's the millionaire columnist.

The free market facilitates mutually-beneficial exchanges that create wealth where it would not otherwise exist, but the market miracle can only exist under certain conditions.

Many economists believe that expanding the money supply helps create and facilitate economic growth. That is not the case.