The empirical evidence shows that neither minimum wages or welfare reduce poverty. In fact, minimum wages tend to increase the cost of living while poverty rates have gone nowhere since the Great Society was introduced.

Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous. 

On the one hand, the “no intrinsic value” skeptics are ignoring how Austrians deal with gold, while on the other hand, the “HODL forever” enthusiasts would never allow Bitcoin to become a money.

Ludwig von Mises understood that locally based governance "follows necessarily from the principle of the rights of man.” And it's why Rothbard supported secession and local governance right down to the most local level possible. 

 

The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well. 

 

Peter G. Klein on why entrepreneurs should maintain a healthy skepticism about the case for interventions to support entrepreneurship.

Lockdowns advocates claim fear of the virus is really what kept people home—and has thus led to the economic destruction of the past year. But they also claim that without forced lockdowns, people will quickly go back to normal. Both can't be true. 

Forty years ago, the US had almost no legal concealed carry. Then over just a few decades, eighteen states adopted full-blown "constitutional carry" provisions, with many other states adopting concealed carry provisions as well. 

In Las Vegas, airline passengers plummeted 64 percent during 2020, and the convention business has collapsed. For Vegas, there are troubling signs that the world is not in a hurry to spend freely on extravagant face-to-face meetings. 

Government money printing may goose GDP, but It will do nothing to fix the losses that millions have suffered from covid restrictions and lockdowns.