What Can Carl Menger Teach Us about Falafel Sandwiches?
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
Biden Perpetuates Washington’s Idiotic Steel Trade Policies
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.
The Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could
Are Profits the Outcome of Exploitation or Successful Entrepreneurship?
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by
Free-Market Profit Comes From Voluntary Exchange, not Exploitation
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by
From the Editor March / April 2024
In our current age of rampant monetary inflation and price inflation, good economics has become more relevant for ordinary people. Inflation is
Javier Milei and Argentina’s Economic Challenge
Argentina's economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy
Progress from Poverty
After the Indochina War, Vietnam was one of the poorest countries in the world, but dramatic free-market reforms have made this formerly
Hyperinflation and the Destruction of Human Personality
The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of