A recent article pointed out that Spiders could theoretically eat every human on Earth in one year. Shocking. It’s also shocking that governments can theoretically destroy all wealth in one year. That’s an unfathomable amount of wealth extraction, but it raises the question: what is the...

Health care, taxes, education, foreign policy – everything needs to be reformed, and fast. The situation with Congress, however, is impossible. Every Democrat is dedicated to opposing anything put forward by the Republican majority. Within that majority, there are three or more factions...

One of the greatest errors made by opponents of free economies is to disparage and attack the idea of private capital. Without capital, production is only about immediate consumption, not about building for the future. You cannot have a complex economy with advanced technology, rising...

Last week, I was honored to deliver a lecture as part of winning the Franz Cuhel Memorial Prize for Excellence in Economic Education, given as part of the Prague Conference on Political Economy sponsored by the CEVRO Institute. I was deeply humbled to receive this award. But the real...

In 1947, Leonard Read of FEE asked Ludwig von Mises to cumulate all his knowledge (gained from experience) of 20th-century political history into a single essay, one that dealt with all forms of state planning. The result was the single most sophisticated book on politics that Mises had...

Most people are aware of the influence of Karl Marx and his ideological compatriots in building 20th-century totalitarianism. But there is another tradition of thought, dating from the early 19th century and continuing through the interwar period, that took a different route in coming to...

It’s now clear where this “repeal and replace” thing is headed. A small cadre of the GOP House leadership hammered out a few tweaks of Obamacare in secret. All the essentials of Obamacare were left in place: the mandates, the regulations, the strictures, the entitlement expansions, the...

In the 6th century, Saint Isidore of Seville set out to write a book containing all human knowledge. That’s quite an ambition! The result was astonishing: 20 volumes with 448 chapters with the title Etymologiae. And talk about longevity. The book was a “bestseller” for 1,000 years. To put...

Last night, a man I admire asked me what I would have to drink. I said a martini and it was served. On my way out, I gave him a $10 bill. He said, “thank you; never turn down money.” We both got a laugh out of this because this has become our general rule. If he offers to pay, I will take...

It was the highlight of the Oscars: Auli’i Carvalho singing the hit song from Disney’s Moana. She performed with poise, power, and even perfection, showing a maturity beyond her 16 years. The quality of her voice seems perfect for this song, which is certainly the anthem of the hour...