The belief that an economic siege can bring about the collapse of socialist Cuba and install a free-market system rests on the assumption that economic and social transformation can be engineered through external pressure.
From a Misesian and Rothbardian perspective, can the absence of a unified and centralized state, under certain conditions, create greater space for political pluralism, institutional competition, and constraints on state power? Kurdistan might provide some answers.
If anyone should be able to understand that statism is no substitute for sound economics, it would be an economist. Many of them—and especially those at elite universities—shill for inflation and unbridled state power.
Lifting sanctions on Russian diesel may provide Americans a little relief from high energy prices. The same economic logic applies to the thousands of other sanctions Washington continues to enforce.
Lifting sanctions on Russian diesel may provide Americans a little relief from high energy prices. The same economic logic applies to the thousands of other sanctions Washington continues to enforce.
The proposed California Wealth Tax is promoted as a tool for “social justice,” yet according to the standards set by F.A. Hayek, it undermines the rule of law, not to mention justice itself.
While historians blame much of the post-Civil War racial violence on white southern Democrats, there also was Republican-led violence against blacks who voted for Democratic Party candidates.
As debt, inflation, and war erode trust in Washington, Mark Thornton argues that real reform must come from the bottom up—not from the political establishment.
Before the Civil Rights Act of 1964 and the Voting Rights Act of 1965, there were Republican-led civil rights actions taken during Reconstruction to secure voting rights for blacks. In all cases, state sovereignty was pushed aside—with long-term social and political harm as a result.
On this episode of Power and Market, Patrick Newman joins Ryan and Tho for a discussion on Social Security, generational economic tensions, and the latest inflation numbers (spoiler: they're bad.)
