Why Dominion’s Defamation Lawsuits Are Garbage
Dominion Voting Systems is suing MyPillow CEO Mike Lindell for $1.3 billion. This comes in the wake of other Dominion lawsuits against Trump advisors Rudy Giuliani and Sidney Powell. All are accused of lying about Dominion’s supposed complicity in using
Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs
During the 1990s there was a legal and philosophical idea, championed by Milton Friedman among others, that a corporation exists to serve the interests of the shareholders, being that they are the rightful owners of the corporation. Progressive thought leaders
Prohibition’s Repeal: What Made FDR Popular
As Mark Thornton has shown, the big legislative change that FDR made at the start of his presidency, the decision that affected every single American citizen from one coast to the other, was the repeal of the thirteen-year hell of
When Is Short Selling Fraudulent?
Amid the controversy over GameStop, many cynics argued that something sinister was clearly afoot because the hedge funds had shorted 138 percent of the outstanding shares. In this article I’ll review that particular claim, as well as another seemingly dubious practice,
Almost a Year Later, There’s Still No Evidence Showing Governments Can Control the Spread of Covid-19
As we approach the one-year anniversary of fifteen days to flatten the curve, we have yet to acquire any data suggesting that the past year of life-destroying lockdowns and politicized behavioral mandates has done anything to keep us safe from
The Economics and Ethics of Government Default, Part I
Introduction The problem of government deficit spending and the resulting public debt is a challenge to most modern economies. A few states, such as Germany, with a reputation for fiscal austerity, operated with budget surpluses and declining debt, but that was
Mauricio Miller: Entrepreneurship as the Path Upwards From Anywhere, for Anyone
Entrepreneurship is the best pathway for all people out of unsatisfactory economic circumstances. Mauricio Miller, who arrived in the US as a poor immigrant from Mexico, and who also experienced living in some of America’s worst neighborhoods, spent over 20 years
No, Drops in Money Velocity Don’t Offset Money Printing
At the end of January, the yearly growth rate of our measure of US money supply (AMS) closed at 76.7 percent, against 4.8 percent in January 2020. It is tempting to suggest that this massive increase in the growth rate
The High Cost of Using the Minimum Wage as a Form of Welfare
Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes. Original Article: "The
China Needs More Economic Freedom—Not a Bigger Welfare State
Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. Original Article: "China Needs More Economic Freedom—Not a Bigger Welfare State" This Audio Mises Wire is