The following article is based on my recent lecture at the Mises Institute in Auburn, Alabama, entitled: “Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence.” Here I will explore morality as Hazlitt’s foundational theme in economics. Henry Hazlitt is…
It’s raining here in LA. Not cool. I liked it much better when it never rained. LA is not too much fun in the rain. The sky is gray and it’s cool. I’ll go swimming anyway. Okay, get ready to…
The most important issue facing America today is the national debt and increasing federal deficits. Our national debt now exceeds yearly gross domestic product (GDP). The U.S is the wealthiest country in the world, but our government has the largest…
In 1985, Ronald Reagan “jawboned” the Japanese into accepting “voluntary” restraints on exports of Japanese cars to the United States. At the same time, he drew a line in the sand between himself and U.S. congressmen calling for much stronger…
Presidents and prime ministers often resort to the appointment of “czars” to handle a crisis or coordinate complex policies when a show of urgent political engagement seems in order. But these modern day czars, unlike their autocratic namesakes, are often…
The most important issue facing America today is the national debt and increasing federal deficits. Our national debt now exceeds yearly gross domestic product (GDP). The U.S is the wealthiest country in the world, but our government has the largest…
St. Louis, Missouri Are you a government-failure denier — someone who believes that the government that governs best is one that overflows with good intentions, regardless of the cost or outcome? Are you someone who thinks a lot about “market…
Mainstream big technology companies’ market value has exploded in 2018. At first glance, the rise seems understandable. The technologies developed are ubiquitous. When taking a closer look at the numbers, with particular reflection on the 2008 financial crisis, some serious…
On July 18, the U.S. House Committee on Financial Services conducted its second hearing on digital currencies with an almost exclusive focus on cryptocurrency. Chairman Andy Barr (R-KY) focused the committee on two questions: 1) Are digital currencies going to…