Before economics, human freedom: Learning from Venezuela’s collapse

The Venezuelan people continue to struggle and suffer under the weight of severe socialist policies, facing economic collapse, widespread poverty, and mass starvation. In response, socialism’s critics are quick to focus on the external features, noting how all of this could have been easily avoided with a basic respect for property rights, free exchange, free prices, and so on. Continue Reading...

Recalling the one lesson: The US-China trade war revisited

Influential thinker Henry Hazlitt argued that the “art of economics” could be distilled to a generally applicable single lesson: looking not merely at the immediate but at the longer effects of any act or policy [and] tracing the consequences of that policy not merely for one group but for all groups. Continue Reading...

Education, efficiency and liberty

Alaska’s university system is currently facing $130 million in funding cuts to an annual budget of $900 million, which included $327 million in state funding last year. These potential cuts have sparked criticism from researchers at other universities, University of Alaska President James Johnsen, Alaskan state legislators, and citizens. Continue Reading...

Time to deep-six the Jones Act?

In the past three years New Jersey, New York, and Massachusetts have announced plans to build offshore wind farms that would generate hundreds of megawatts of power. Massachusetts and New Jersey have already awarded building contracts to energy companies and New York is in the process of reviewing bids. Continue Reading...

Is income inequality acceptable?

In the past few weeks, democratic presidential hopefuls outlined income inequality fixes anywhere from $1,000 per month basic income to free college and single payer healthcare. While many operate on the assumption that income equality results in a fair economic system, I do not. Continue Reading...

Corruption’s consequences

Walmart agreed last month to a $282 million settlement with the Securities and Exchange Commission and the Department of Justice, resolving charges of bribing foreign officials. While company leadership committed themselves to “acting ethically everywhere we operate,” reports indicate that Walmart allowed third parties in China, Mexico, India, and Brazil to make payments to government officials. Continue Reading...

2019 G20 Summit: Tariffs and forbearance

As world leaders from a select group of the largest national economies meet in Osaka at the end of this week, they face increasing volatility and uncertainty around some of the basic principles and institutions that bring together their various peoples in the global marketplace. Continue Reading...