Frederic Bastiat understood better than most how free markets and market prices actually promote social harmony. And unlike most, he understood why Paris, which had little agricultural land, had plenty of food for its inhabitants.

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Frederic Bastiat understood better than most how free markets and market prices actually promote social harmony. And unlike most, he understood why Paris, which had little agricultural land, had plenty of food for its inhabitants.
For those of you who are a bit more steeped in technical analysis, you’ve likely heard of Dow Theory. A set of principles developed...
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Walter Olson The House Judiciary Committee on April 28 released budget reconciliation language that would do a truly remarkable thing: ban federal judges from...
These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.