One of the many differences between advocates of freedom and supporters of statism is how they view “rights.” Libertarians, along with many conservatives, believe in the right to be left alone and not molested by government. This is sometimes referred to in the literature as “negative liberty,” which is just another way of saying “the absence […]

Some things in life are very dependable. Every year, for instance, the swallows return to Capistrano. And you can also count on Dan Mitchell to wax poetic about the looming collapse of French statism. Back in 2011, I said France was engaged in economic self-destruction. In September 2012, I wrote that it was time to start the […]

Let’s start 2014 with a depressing story about the reprehensible way in which big companies get in bed with big government. If asked to list the example of cronyism that I find most nauseating, the Export-Import Bank would be at the top of my list. The Obamacare handouts for Big Insuranceand Big Pharma obviously belong on the list as well. […]

After nearly five years in office, what’s President Obama’s most significant accomplishment? This is a serious question, so no jokes about the Nobel Prize he received for not being Bush. And no partisan GOP answers about the 2010 election, either. Put yourself in the position of a future historian and think about what you would […]

The genius of capitalism is that there is a link between effort and reward. In a genuine market economy (as opposed to cronyism), people can only make themselves rich by working harder and smarter to satisfy the needs and wants of others. The blunder of statism is that the link between effort and reward is […]

We have another candidate for our “Republican Hall of Shame.” The governor of Ohio, John Kasich, is embracing Obamacare. Moreover, not only does he want bad healthcare policy, but he’s using third-world tactics and making morally reprehensible arguments. The Wall Street Journal savages Kasich in a stinging editorial. Here’s a key excerpt that explains the […]

As an advocate of small government, I’m often distressed that I sometimes have to rely on Republicans in Washington to fight statism. Why am I distressed? Because some of the worst people in Washington are GOPers. They may give lip service to fiscal responsibility when campaigning, but then conveniently forget that rhetoric when it’s time […]

As illustrated by this chart, economists are lousy forecasters. To be more specific, economists are no better than fortune tellers when trying to make short-run macroeconomic forecasts. Heck, if we actually knew what was going to happen over the next 12 months, we’d all be billionaires. But we can (on occasion) make sensible predictions about […]