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Updated 2025-04-21 12:03
The Biggest Lesson of “I, Pencil”
"Freedom taps this richest of all the world’s resources."
Imagine if We Paid for Food like We Do Healthcare
Hint: it would be a dystopian disaster.
Leonard Read, the Man
He saw every opponent as a potential ally, never an incorrigible enemy.
The Transformative Power of Forgiveness
Maybe adopting a more forgiving spirit—thinking of forgiveness first as an option when we’re wronged instead of last—would make an excellent New Year’s resolution, if we really mean it and do it.
15 Things You Should Know about the 2018 Partial Government Shutdown
Because the spending bill requires a filibuster-proof majority to pass in the Senate, Republicans need several Democrats to support the funding proposal that includes border wall funding.
Oscar Lewis, Personal Responsibility, and Poverty
The Marxist anthropologist's findings were credible precisely because his findingsclashedwith his ideology and loyalties, but others didn't see it that way.
The Myth That Standard Oil Was a “Predatory Monopoly”
John D. Rockefeller obsessed over improving efficiency and cutting costs through economies of scale and vertical integration.
Christmas Economics and the True Meaning of Utility
If homo economicus derives utility from the smiles on his friends and family’s faces, then he or she has a place at the Christmas dinner table.
The Meaning of Christmas
Christmas represents the best of human nature.
5 Characteristics of Excellent Gifts
If you’re in touch with your gratitude, youprobably realize that you’re lucky to get gifts at all, but some stand out from the rest.
Santa Claus and the Mythology of Centralized Systems
Like other centralized economic schemes, we can only continue to believe in the myth of Santa Claus if we also believe in magic.
Zhores Medvedev's Life: A Chilling Reminder of How the Soviets Weaponized Psychiatry against Dissidents
The practice of categorizing one’s enemies as “insane” became a ready tool of suppression in the Soviet state founded by Lenin and developed under Stalin.
"The Nightmare Before Christmas" Shows Why Central Planning Goes Awry
Only decentralized planning—for holidays and economies alike—allows people to freely employ their tacit and local knowledge.
New World Bank Study Shows the Economic Damage High Income Tax Rates Cause
The new analysis notes that higher tax rates are the wrong way to address fiscal shortfalls.
As Independent Bookstores Make A Comeback, E-Book Sales Take A Dive
With everything in our lives going digital, the simple joy of reading a physical book has become a novelty once again.
Spend Time with People Who Make You Better
Here are just a few ways to identify a quality friend—and how to be one yourself.
New Census Data Show Americans Are Migrating from Tax-Punishing States
The Census Bureau released new data that show Americans are continuing to move from high-tax to low-tax states.
Saying You’re Against Fascists Doesn’t Excuse Acting Like One
Despite claims that Antifa fights fascism, the group's tactics actually mirror those of Benito Mussolini's regime.
Why Italy Could Join the UK in the Race Out of the EU
Italy could follow the UK out of the EU or join them in leaving.
The Feds Shamefully Persecute China's Huawei For Being Too Successful
The Huawei story is a ridiculous one. And a protectionist one. And one rooted in flamboyant confusion about economics within the US political class.
What Life Inside Venezuela’s Crumbling Authoritarian Regime Looks Like
The citizens rely on the government for their livelihood, but they have little control over the government that supposedly represents them.
Trump Is Right to Withdraw From Syria
The U.S. military presence in Syria has not been authorized by Congress, is illegal under international law, lacks a coherent strategy, and carries significant risks.
“I, Pencil” and the Vital Message of “I Don’t Know”
The innumerable market miracles all around us provide us with overwhelming proof of the power of liberty.
Check Your Privilege: Social Consciousness or Virtue Signal?
If people spent less time yelling at others to check their privilege and more time in deep discussion on the effects of prejudice, we would all be better equipped to battle injustice.
Elizabeth Warren Introduces Legislation to Create a Government-Run Pharmaceutical Manufacturer
Warren said adding the agency would increase competition.
Government Goes from Banning Hemp Farming to Subsidizing It
Hemp will be another example of big pork for big farms.
Local Government Says Merry Christmas by Using Eminent Domain to Take Small Business Owner’s Building
These private developers are using the government to take a piece of property that doesn’t belong to them.
Audit Finds Government Spent $14 Million in Taxpayer Funds—to Hire 2 Border Patrol Agents (So Far)
This is an all-too-typical example of government contracting with a “beltway bandit” scamming the system for unearned riches.
The New Bump Stock Rule Bumps Up Against the Constitution
The administration has exceeded its constitutional powers by reinterpreting the law regulatating machine guns to include a ban on bump stocks.
C.S. Lewis Saw Government as a Poor Substitute for God
That means it contains all the flaws and foibles of mortals so a free people must confine it, restrain it, and keep a wary eye on it.
The TSA Is Using Detector Dogs More, Which Is Actually a Good Idea
If detector dogs can reduce my wait-time in security lines and have the bonus effect of allowing the TSA to screen more passengers with fewer workers, I’m all for them.
What Is Economic Growth? (And What Is It Not?)
Economic growth means that an economy's ability to satisfy people's wants, whatever they are—that is, to produce well-being—increases.
Pennsylvania Doctor Denied Handgun over Legal Medical Marijuana Use Sues FBI, ATF
The case could have far-reaching Second Amendment implications and has the potential to affect millions of gun owners in the U.S.
The Power of Positive Envy
If you ever want to discover where you’ve been not brave enough, think to the things you see everyone else (but you) enjoying.
4 Ways to Teach Kids Finance
Just 24 percent of millennials demonstrated a basic understanding of financial concepts, according to a recent PwC study.
The Right Way to Overhaul America's Health Care System
What if we tried the completely opposite approach and put individuals and patients, also known as consumers, in the driver’s seat?
Inflation Doesn’t Mean You Deserve $15/hr
No matter what inflation does, wages are determined by the value an employee adds.
Why Lower-Income People Are Skeptical about a Bigger Welfare State
They instinctively understand thata rising tide lifts all boats.
Net Neutrality Repeal: The Internet Apocalypse That Never Came
Whether the naysayers are willing to admit it or not, less government regulation results in better outcomes for both companies and consumers.
Nobel Laureate Vernon Smith: Markets Could Restore Prosperity to Venezuela Almost Immediately
Venezuela must restore freedom by reversing its socialist policies.
Baltimore’s Gun Buyback Scheme Is Comically Bad Policy
The city's pricing scheme provides an excellent way for Baltimore residents to make some quick cash.
What Educators Can Learn from “I, Pencil”
We fool ourselves if we think our conventional system of education creates learners.
7 Questions Explained about France’s Yellow Vest Protests
The massive demonstrations have led to six deaths, 1,648 injuries, and roughly 2,300 arrests—and they have forced the French government to respond to the protesters' demands.
Watch the Growth of the World’s 10 Largest Economies over the Last 60 Years
GDP is one of the best metrics we have to measure economic growth and living standards.
Why China’s "Social Credit" Scheme Will Create More Corruption, Not a Better Citizenry
The final version of China's social credit system is expected to be fully implemented by 2020.
Would Thomas Jefferson Support Today’s Separation of Church and State Doctrine?
In Everson v. Board of Education, Justice Hugo Black’s majority opinion, which cited Jefferson, created the separation of church and state precedent.
Why Millennials Are Poorer Than Other Generations
Millennials are less wealthy and are lower-income than previous cohorts. Here's why.
Corporate Welfare Is Small-Scale Central Planning
Amazon’s taxpayer bidding-war robs taxpayers of their economic freedom.
The Equal-Pay Myth That Just Won't Die
Wage differences actually reflect personal choices and economic realities.
Why Have Drug Overdose Deaths Surged in Recent Years?
The root causes of the present-day overdose crisis are decades-long psychosocial/cultural trends intersecting with the lucrative opportunities offered by drug prohibition.
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