A while back I posted this blog with a clever construction from a reader. Raising prices is “gouging”. Lowering prices is “predation”. Keeping them the same is “collusion”. Cutting costs is “scheming”. What’s next? And so now there is this cartoon strip from 2008. Thanks to Deb T. for the heads-up.

As a response to my recent post about people condemning corporations for their responses to the pressures of inflation, a reader, Rod P., had this comment: So I guess this is the current state of affairs?: Raising prices is “gouging”. Lowering prices is “predation”. Keeping them the same is “collusion”. Cutting costs is “scheming”. What’s next?

My goal in this post is not to get into the guts of inflation because this information is found elsewhere on this website, as well as within numerous commentaries from libertarians and adherents of Austrian economists ’round the web. Rather, I am perplexed that such simple facts of inflation often go disregarded by not only [...]

This young man, Jacob Spinney, has put together a superb presentation for “beginners” trying to understand the role of the state in society. He emphasizes the meaning of key words and phrases that most people do not understand until they come to grasp the meaning of libertarianism:  institutionalized aggression, coercion, monopoly, representative democracy (the real [...]

A reader, Roman Be, has produced a cool video called “Money for Nothing” – and no, it’s not about Dire Straits.

Well, not exactly, but how often do you see a Detroit News article or blog with a link to a Murray Rothbard article (“Capitalism versus Statism” in 4th paragraph) published on the Mises Institute website? Thanks to a local guy and fellow Walsh grad, Craig Norris, for the heads-up.

Dilbert tells the truth on unemployment, unlike the government.

My new article is up at the Clare Boothe Luce Policy Institute: “Stuff Does Not Equal Wealth.” This is a revamped version of an older piece I wrote a few years ago. It is essentially a teaching tool with the audience being high school and college women.

Russ Roberts of George Mason University has another solid piece in the Wall Street Journal: “Why Friedrich Hayek is Making a Comeback: With the failure of Keynesian stimulus, the late Austrian economist’s ideas on state power and crony capitalism are getting a new hearing.” This is a nice rundown on Hayek for beginners, and even [...]