Many on the left still cling to the idea that if they can only elect "the right people," everything will be fine. This is a doomed strategy.
Capital and Interest TheoryPhilosophy and MethodologyPrivate Property
The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.
Government policies designed to encourage you — or force you — to "buy local" reduce our standard of living while encouraging class conflict.
World HistoryPolitical Theory
Hoppe sees the fundamental difference between the worldviews of Left and Right: The Right accepts the reality of human differences but the Left does not.
Other Schools of ThoughtPhilosophy and Methodology
The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”
Money and BanksMonetary TheoryMoney and Banking
When we consider the spectacle of Notre Dame burning, we should ask ourselves whether the politics and economics of our age encourage or discourage building wealth for future generations.