"The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority."
Private property is a prerequisite for market prices. Market prices are the way buyers and sellers communicate knowledge and information regarding the preferred uses of scarce resources. Not only is coercive price control a violation of property rights, but, economic calculation is not possible without private property and prices.
Once we understand the importance of market prices, we quickly see how destructive it can be for central planners to artificially fix prices.
Lost in the talking points is the most pressing question: why do the USDA and White House have anything to do with what tens of millions of young Americans eat every day in the first place? Good food and education are two crucial pillars of civilization. The national government has wrecked both.Read More...
Why (almost) everyone should stay home on Election Day. Katherine explains that are some good reasons for some people to vote some of the time, but there are a lot more bad reasons to vote, and the bad ones are more popular.Read More...
Today's podcast is on the topic of how to engage others in discussions about liberty when they are new to the ideas. What is the best approach for discussing the free market with people who don't know much about the ideas of individual liberty? How do you argue for liberty against advocates for government solutions? We answer a listener question and give a few examples that you can use. (Listen Here)
The Library of Economics and Liberty is dedicated to advancing the study of economics, markets, and liberty. It offers a unique combination of resources for students, teachers, researchers, and aficionados of economic thought. The website is provided by Liberty Fund, Inc., a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.
– Thomas Sowell (2010) - This book demonstrates why Thomas Sowell is one of America's greatest thinkers. It is a must-read for anyone who wants the truth about how the laws of economics govern so many of the events in our daily lives. This will change your perspective on today's public policy debate. (Read More)
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