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Editor's Pick

The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and...

Editor's Pick

When politicians intervene in the economy, they often do it in the name of mitigating “greed” or “profiteering.” While they can pass laws regulating...

Editor's Pick

In this week‘s Friday Philosophy, Dr. David Gordon reviews The Harm in Hate Speech by Jeremy Waldron and finds Waldron‘s arguments in favor of...

Editor's Pick

The P&M crew talks about Ted Cruz’s crusade for war and they take a look at this week’s FOMC meeting at the Federal Reserve.

Editor's Pick

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better,...

Editor's Pick

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is...

Editor's Pick

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the...

Editor's Pick

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream...