Learn Liberty has a new video that briefly explains the rise and fall of America’s national banks. For libertarians, central banking is the root of many of our problems and should be abolished immediately. Even legendary free market economist Milton Friedman, a proponent of the central bank system, wanted to abolish the Federal Reserve towards […]
Archives for April 2017
Paging Murray Rothbard – Steven Mnuchin promises tax reform ‘very soon’
United States Treasury Secretary Steven Mnuchin told a conference on the sidelines of the International Monetary Fund (IMF) and World Bank spring meetings in Washington on Thursday that tax reform is coming, Reuters reports. According to Mnuchin, the Trump administration is set to unveil its tax reform plan “very, very soon.” Although he refused to […]
Infographic: NAFTA’S track record since 1994
It doesn’t look like President Donald Trump will abolish the North American Free Trade Agreement (NAFTA). It remains unclear if Trump is able to successfully adjust NAFTA, too. But why is NAFTA such a concern? Well, because it has had a mixed track record since 1994 as the infographic below suggests. NAFTA is likely far […]
Protectionism will always kill jobs (video)
The protectionist rhetoric espoused by the likes of President Donald Trump or Marine Le Pen defies economic reasoning. They contend that protectionism is a necessary force in order to protect the nation’s workers and stop foreign companies from destroying the country. Does protectionism actually defend us? Dead wrong, says Johan Norberg in the video embedded […]
When are low-wage workers better than automation?
By: Justin Murray Time and time again, these pages have listed numerous benefits of automation and robotics. The discussions point out that mechanization doesn’t make us poor, that attempting to tax machines is counter-productive. Automation even makes our jobs safer as we can offload dangerous tasks to a metal creation. However, automation is not always […]