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To Fix The Shipping Crisis, Start By Repealing The Jones Act

To Fix The Shipping Crisis, Start By Repealing The Jones Act

by Peter C. Earle At 9am EDT on Friday, October 22, the informal commercial flotilla off the coast of California ports reached a new high: 79 container ships were, as of that time, waiting to dock and offload cargo. The total number of vessels offshore, including oil tankers and bulk transports has reached 169. Some […]

Socialist Darwinism

Socialist Darwinism

by Robert E. Wright Occasionally, a human being of more than median understanding of the social world will say to me something like “Libertarianism smacks too much of Social Darwinism.” Such comments always strike me as absurd because all environments, including social(ist) ones, create selective pressures. In other words, societies necessarily encourage the reproductive success […]

What If A Great Crypto Crash Is Coming?

What If A Great Crypto Crash Is Coming?

by Benjamin Juhlin In 1929, Ludwig von Mises rejected a job offer for a high position at the Austrian bank Kreditanstalt. He believed that a great crash was coming and didn’t want his name associated with it. Since then, economists of the Austrian school have successfully managed to avoid association with any economic crash. To […]

Military Spending Is Not the Same As Defense Spending

Military Spending Is Not the Same As Defense Spending

by Doug Bandow The world is a mess, and conservative politicians talk about increasing “defense spending.” This has obvious appeal. After all, who can be against defending the country? The problem is that most of America’s military outlays have nothing to do with defense.  From 1789 to 1947, the U.S. had a Department of War. […]

Fair Trade Is Still A Fraud

Fair Trade Is Still A Fraud

by James Bovard The Biden administration is embracing the same flawed “fair trade” mantra that previous administrations used to sanctify protectionist policies. Biden’s team has “largely dispensed with the idea of free trade as a goal in and of itself,” the New York Times reported. U.S. Trade Representative Katherine Tai recently touted the Biden administration’s plans to “shape the rules for […]

Do Employers Exploit Workers With Low Wages?

Do Employers Exploit Workers With Low Wages?

by Anthony Gill It is a well-known “fact,” at least amongst my undergraduate students, that employers seek to exploit their workers by paying the lowest wage possible. This “fact” serves as the basis for much of the support for minimum wage policy; if businesses are trying to increase profit, they will obviously pay the lowest […]

The FDA’s War Against The Truth On Ivermectin

The FDA’s War Against The Truth On Ivermectin

by David R. Henderson and Charles L. Hooper On July 28, the Wall Street Journal ran our article “Why Is the FDA Attacking a Safe, Effective Drug?” In it, we outlined the potential value of the antiparasitic drug ivermectin for Covid-19, and we questioned the FDA’s vigorous attack on ivermectin. Many people praised us and many criticized […]

Liberty In Peril

Liberty In Peril

by George Leef I finished reading Prof. Randall Holcombe’s book Liberty in Peril: Democracy and Power in US History during the 2020 election. I have yet to hear any candidate say the word “liberty” and would be shocked if I did. We are bombarded with messages for candidates and messages merely imploring us to vote. Some […]

Money And The Constitution

Money And The Constitution

  Robert F. Mulligan Ratified between 1771 and 1781, the Articles of Confederation remained in force until they were superseded by the Constitution in 1788. In force for seven years, the Articles formalized some preexisting institutions such as the Continental Congress, but made no provision for a federal executive branch, and very limited provisions for a […]

Five College Campus Myths

Five College Campus Myths

by David Gillette and Lauren Frazier According to the 2020 Survey of the States from the Council for Economic Education, only half of the states in the Union require their high school students to take an economics course. And it shows. For many students, the popular rhetoric of progressive agitators has filled the void left in the […]