Art and Culture, International

Tradition and Why the Russians are Who They Are

– March 10, 2020

As much as we as individuals and groups of people may try to and think we have untied ourselves from the ideas, customs and traditions of the past, to think anew and independently of what has preceded us, we can never completely uncouple ourselves from the cultural inheritance.

Bitcoin and Blockchain, International

Why Is Maduro Pushing the Petro?

– February 20, 2020

Why would the Venezuelan government prefer the petro? Three reasons stand out.

Central Banking, International, Monetary Policy

Dollarization in Ecuador after 20 Years

– February 18, 2020

In January, Ecuador celebrated its 20th anniversary of dollarization. The Bastiat Society of Guayaquil and the Instituto  Ecuatoriano de Economia Política organized a conference to discuss the pros and cons of Ecuador’s monetary regime. Internatio …

Economic Trends, International

The Last Days of the Left

– December 17, 2019

Left-wing collectivism is not, in the end, about making society better off; it is about transferring power from the people outside of government to those inside of government.

Free Enterprise, International

The Link Between Prosperity and Freedom Is Even Stronger than You Think

– December 6, 2019

Dictatorships or authoritarian regimes (which also tend to be economically unfree) often put a lot of pressure on their bureaucrats to develop the economy and increase output. Thus are their data positively biased.

Education, International

There Need Not Be a Great Confrontation with China

– November 14, 2019

American businesses plainly see in China what the chattering classes don’t.

Free Trade, International

The Case for Globalism, So-Called

– November 12, 2019

Global per capita income has increased from a little less than $4,000 a year in 1966 to almost $17,500, in inflation-adjusted dollars at the present time. That represents a 372 percent increase in the average income of everyone on this planet in only 50 years.


The IMF and Argentina: Same Dance, Same Results

– November 1, 2019

Aid from the IMF and other organizations might even make matters worse by shielding policy makers from the consequences of their policies.


In Defense of Lebron James

– October 23, 2019

It’s not the job of businesses and businessmen to help achieve political or policy aims. Instead, it’s the job of businesses and businessmen and women to make profits.

Free Trade, International

Five Wrong Claims about Trade

– October 22, 2019

Debating trade issues with President Trump’s anti-trade supporters is a constant game of goal shifting. If you point out that the Trump tariffs are raising revenue for Uncle Sam on the backs of American consumers, they reply that Ch …