Economic Policy

The damage tariffs impose is not limited to increasing consumer prices. They also create major distortions in the markets.

As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results.

One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However, free exchange in an unhampered market is always positive.

Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.

In Costa Rica the aguinaldo—a legally-mandated Christmas bonus—is an acquired labor right and is meant to provide workers with additional financial security.

Although he has presided over numerous economic disasters and people are leaving the state, there are many who will want him for 2028. 

With the election of Donald Trump, we are seeing repeated use of another F-word to describe the direction America is going: fascist. But is that what is happening in the US, or is the term fascist being thrown about in blind ignorance? These accusations need scrutiny.

In Misesian thinking, only negative outcomes can ever result from dependence on government transfers.

Just ignore the economists, says a recent

Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.