Mark Cuban gets it right – basic income is ‘one of the worst possible responses’

Automation has been accelerating in the last couple of years. Due to governments around the world raising minimum wages, regulations and taxes, companies are responding by turning to technology, particularly in the form of robots and … [Read more...]

A reminder for GOP & Democrats: Government — Not Technology — Is Driving Prices Up

By: Michel Accad Should we blame technology for the growth in healthcare spending? Austin Frakt, a healthcare economist who writes for the New York Times, thinks so. Citing several studies conducted over the last several years, he claims that … [Read more...]

Debt Isn’t a Problem — Easy-Money Policies Are the Problem

By: Frank Shostak According to the flow of funds data published by the Fed, the US debt to GDP ratio remains at a lofty level. Non-financial sector debt as a percentage of GDP stood at 251.7% in Q3 2016 against 230.1% in Q1 and 184.3% in Q1 … [Read more...]

Cafe Hayek destroys Fox News analyst on robots

For the last century, robots have been gradually replacing human workers. Rather than working at the assembly line with wrenches in their hands (like a scene out of Charlie Chaplin's "Modern Times"), humans are working with computers or applying … [Read more...]

The Goal of Socialists Is Socialism — Not Prosperity

By: William L. Anderson About 40 years ago, economist Bruce Yandle went to Washington to work for the Council on Wage and Price Stability, ready to apply his knowledge of economics and educate his fellow workers. After all, he reminisces, one … [Read more...]

The racist history behind minimum wage laws (video)

The minimum wage is a racist law. Legendary free market economist Milton Friedman made this statement famous when he described minimum wage laws as hurting black people. Fast forward to the present, and minimum wage laws are still hurting … [Read more...]

Ludwig von Mises sends a message to Donald Trump

Legendary free market economist Ludwig von Mises was definitely a maverick, a man who was ahead of his time and understood the virtues of capitalism and the dangers of central planning. Despite his work being published decades ago, you can still be … [Read more...]

Hey, Bernie Sanders, healthcare is not immune to the laws of economics

By: Jonathan Newman One of the great things about economics is that it is devoid of all mysticism. Every person, good, service, and dollar is treated equally — nothing is special or above the rules. There’s nothing about the supply of or demand … [Read more...]

How the government destroys consumer sovereignty

By: Per Bylund It is easy to fall into the trap of the “cost-plus” method. That is, to consider prices for consumer goods to be a function of the costs of production. Unfortunately, the cost-plus method of pricing is commonly taught to MBA … [Read more...]

Ron Paul echoes Murray Rothbard – Just cut taxes, don’t reform the tax code

By: Ron Paul Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm … [Read more...]