OK. You've launched missiles at North Korean nuclear facilities. Now what? They still have the knowledge, and the country has its own reserves of uranium, plutonium and rare earth minerals. You've certainly delayed their WMD program, but you haven't ended it. Invade? Iraq's been a 14-year slog, and that's only 375,000 soldiers from … Continue reading You’ve blown up North Korea’s nuclear facilities. Now what?
Category: World
Switzerland has the fourth-freest economy in the entire world and is only surpassed by Hong Kong, Singapore, and New Zealand. Considering that Switzerland has one of the most free-market economies on the planet, it’s no wonder the country has the ninth-highest per capita income in the world. Indeed, research suggests that the freer a market … Continue reading 9 Reasons Libertarians Should Love Switzerland
Try to think of a country that elected a populist president: someone who wanted to boost manufacturing jobs, insists that domestically-sold products should be made domestically, and threatens to use tariffs to shut off foreign competition. How would that work out? I am, of course, referring to President Cristina Kirchner of Argentina, not President Donald … Continue reading Argentina Already Tried Trumponomics
CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Friday he has asked the United Nations to help the South American nation alleviate medicine shortages, which have become increasingly severe as the oil-producing nation's economic crisis accelerates. Triple digit inflation and a decaying socialist economic model have left medications ranging from simple anti-inflammatory drugs to … Continue reading Venezuela’s Maduro asks UN to help ease medicine shortages
Angus Deaton, the Nobel-prize winning economist (who also sits on the advisory board of HumanProgress.org), recently reiterated his belief that on the whole the world is getting better–if not, as he accepted, everywhere or for everyone at once. Perhaps that comes as no surprise, but the idea that the world is getting better in regards to poverty is … Continue reading 5 Charts That Will Shift Your Perspective on Poverty
Is the United States the world commerce police? In a recent opinion, in which he dissented from the Supreme Court’s refusal to hear a case, Justice Clarence Thomas suggested that Congress’ power to regulate international commerce may be broad, but not as broad as some lawmakers and judges would have it. In his dissenting opinion … Continue reading Clarence Thomas Questions Congress’ Power to Regulate Business Abroad
Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. Unstable governments always turn on their own citizens using price controls, heavy taxes, and even the threat of imprisonment to prop up their failing systems. As conditions inevitably deteriorate, … Continue reading How the Black Market Is Saving Two Countries from Their Governments
From Radical Revolutionaries to Privileged Bureaucrats The great German sociologist, Max Weber (1864-1920) offered an understanding of the evolution of socialist regimes in the twentieth century from revolutionary radicalism to a stagnant system of power, privilege and plunder, manned by self-interested Soviet socialist office holders. Max Weber, in his posthumously published monumental treatise, Economy and … Continue reading How Communism Became the Disease It Tried to Cure
Years of internal conflicts and poor governance are not the only problems facing the African countries of South Sudan, Nigeria, and Somalia. The United Nations recently declared famine in parts of South Sudan and Nigeria. Judging by current conditions, it won’t be long before Somalia follows suit. The number of people affected is staggering. In … Continue reading Man-Made Famine Leaves Millions Facing Starvation in Africa
Today is International Women's Day and, in some of the least surprising news of the day, it turns out that women's equality ties into economic freedom. International Women's Day was founded by the American Socialist Party in 1909 and usually ends up celebrating women in government, politics, and statism, but let's look at something else. … Continue reading Women Prosper When Markets Are Free
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