By: Daniel Lacalle Crises are never caused by building excessive exposure to high-risk assets. Crises can only happen when investors, government bodies, and households accumulate risk in assets where most believe there is little to […]
By: Wanjiru Njoya The presumption of liberty is an established liberal tradition according to which any restrictions on individual liberty require justification. Gerald Gaus and Shaun Nichols depict this as a principle of “natural liberty,” […]
By: Daniel Lacalle Price controls, higher taxes, government intervention, and subsidies paid for by printing a constantly devalued currency. These are the essential pillars of “21st century socialism” and the radical left Peronism that obliterated Argentina. These […]
Presenting the moral case for capitalism By: Wanjiru Njoya There is a widespread perception that capitalism is a system designed to encourage greed, envy, selfishness, and other moral failings to flourish. Popular writing on capitalism, […]
Americans are poorer: the United States Misery Index rises again By: Daniel Lacalle I frequently receive comments about the strength of the United States economy and the unfairness of perceiving things as less than stellar. […]
By: Daniel Lacalle Deficit spending is not a growth tool. It is the recipe for stagnation. The latest Congressional Budget Office (CBO) budget and economic outlook estimates show the extent of the challenges of the […]
By: Wanjiru Njoya When socialist schemes fail, as they inevitably do, our attention is immediately drawn away from the destruction they cause to the “good intentions” behind the schemes. They meant well. Their good intentions […]
By: Wanjiru Njoya In his 1949 book The Road Ahead: America’s Creeping Revolution, John T. Flynn warns about the “great tides of thought and appetite that run unseen deeply below the surface of society.” These […]
Wokism, Marxism and the Failures of Academic “Liberalism” By: Wanjiru Njoya Ludwig von Mises’s 1927 book Liberalism: In the Classical Tradition is increasingly important in a time when so many conflicting ideologies march under the […]
Why the US Debt Is Unsustainable and Is Destroying the Middle Class By: Daniel Lacalle In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for […]
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