Free Markets

Wednesday, January 10th, 2018

The net effect of all of this has been to ruin our bathrooms. You might not realize it because the change has been slow, extending over 25 years. Only by encountering a bathroom with original fixtures from the 1940s can you perceive the full horror of what has happened. Our showers are lame, our toilets don’t work, our pipes are dirty, and everything is less sanitary. Chalk it up as yet another thing that government has ruined.

Friday, December 29th, 2017

For centuries, for millennia, we’ve relied on government to stop invasions of person and property. We live more safely than ever before, thanks to market-based technological improvements, not reliance on government. It was once believed that only government could provide security; this debate dates back centuries. Now we learn otherwise. We get security from the same source that provides us food, clothing, and shelter: the matrix of voluntary exchange and free exercise of human creativity.

Wednesday, December 27th, 2017

Sombart's leftism became rightism but it was made of the same substance always: a loathing of regular people in their free choices and a longing for history to follow his own imaginings of what should be rather than what is.

Such is the core of socialist ideology: a delusion rooted in snobbery and, above all else, intellectual pretense.

Thursday, November 16th, 2017

Let business fend for itself, competitively serving consumers rather than lobbying for government privileges.

Thursday, November 9th, 2017

We’ve heard that “there ain’t no such thing as a free lunch.” But in the internet age, free stuff abounds. 

Wednesday, August 2nd, 2017

Human dignity, autonomy, and social cooperation are best left to the tender hands of politicians and bureaucrats. Not!

Tuesday, July 25th, 2017

What is a market economy? We often talk about it as though it were a thing, perhaps a machine or a vehicle. Business reporters say it heats up or cools down. Sometimes it even gets stuck in a ditch. But it’s not a thing subject to heating or cooling or running off a road.

Monday, July 17th, 2017

The free market — indeed, a free society — is founded on individual rights, including the right to one’s justly acquired property. If the government’s rules regarding the use and disposal of property are “flexible,” a free society is doomed. 

Thursday, June 29th, 2017

President Trump has begun to flesh out his promise to rebuild America’s infrastructure.

Tuesday, June 27th, 2017

Business decisions should be made in the marketplace, not in the halls of government.

Tuesday, April 11th, 2017

As airlines often do, last week, United Airlines overbooked a flight. But this time, all was not well. Overbooked flights are nothing new. According to the Federal Transit Authority, U.S. airlines convinced over 400,000 passengers to give up their seat on an overbooked flight in 2016.

Monday, April 3rd, 2017

By now we should have figured out the cure for what ails the American health care system: a regimen of unadulterated competition. It’s just what the doctor (of sound economics, that is) would order.

Thursday, September 27th, 2012
Archived from the live broadcast, this lecture by David Stockman was presented at the Mises Circle in Manhattan: "Central Banking, Deposit Insurance, and Economic Decline." Includes a welcome and introduction by Llewellyn H. Rockwell, Jr. Music by Kevin MacLeod.
Wednesday, June 27th, 2012
To go along with the previous post which points out that Total Factor Productivity growth has decreased in the era of pure fiat money, here is a reminder: Low productivity is bad.
Monday, June 25th, 2012
by [A lecture delivered at the Gold and Monetary Conference, New Orleans, November 10, 1977. It made its first appearance in print in the Journal of Libertarian Studies, Volume 3, Number 1.]
Tuesday, June 12th, 2012

It is not enough to encourage enterprise and limit regulation—we need a fixed system of value.

By James Grant

Friday, May 25th, 2012
Here at Sound Money we may sometimes leave the impression that we are demanding a Gold Standard. This is not true.
Friday, January 20th, 2012

If the State is so resourceful, why does it need to borrow and tax so much?