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How to Make America Great Again

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It has now been a year since Donald J. Trump was sworn in as the forty-fifth president of the United States of America. Among other things, he said in his inauguration speech, From this day forward, it’s going to be only America first, America first. Every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit American workers and American families. We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs. We will bring back our jobs. We will bring back our borders. We will bring back our wealth. And we will bring back our dreams. We will build new roads and highways and bridges and airports and tunnels and railways all across our wonderful nation. We will get our people off of welfare and back to work, rebuilding our country ...

Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”

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One day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked out over the Ringstrasse (the main grand boulevard that encircles the center of Vienna). He said to his young friend and former student, Fritz Machlup, “Maybe grass will grow there, because our civilization will end.” He also wondered what would become of many of the Austrian School economists in Austria. He suggested to Machlup that, clearly, they would have to immigrate, perhaps, to Argentina, where they might find work in a Buenos Aires nightclub. Friedrich A. Hayek could be employed as the headwaiter, Mises said, while Machlup, no doubt, would be the nightclub’s resident gigolo. But what about Mises? He would have to look for work as the doorman, for what else, Mises asked, would he be qualified to do? It is worth recalling that in the mid-1920s, Mises had warned of the rise of “national ...

If You Really Want to Save Lives, Take Aim at Government Violence

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“It is often the case that police shootings, incidents where law enforcement officers pull the trigger on civilians, are left out of the conversation on gun violence. But a police officer shooting a civilian counts as gun violence. Every time an officer uses a gun against an innocent or an unarmed person contributes to the culture of gun violence in this country.” — Journalist Celisa Calacal Enough is enough. That was the refrain chanted over and over by the thousands of demonstrators who gathered to protest gun violence in America. Enough is enough. We need to do something about the violence that is plaguing our nation and our world. Enough is enough. The world would be a better place if there were fewer weapons that could kill, maim, destroy and debilitate. Enough is enough. On March 24, 2018, more than 200,000 young people took the time to march on Washington DC and other cities across the country to ...

Pinochet’s Chicago Boys versus Freedom

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Ever since the U.S.-supported military coup in Chile that brought Gen. Augusto Pinochet to power in 1973, American and Chilean conservatives have extolled the economic policies that the Pinochet regime brought to Chile. The policies, which conservatives have long described as “free-market,” originated within a group of Chilean economists known as the Chicago Boys, who accepted governmental positions in ...

Reasons for Anti-Capitalism: Ignorance, Arrogance, and Envy

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Why is the free enterprise or capitalist economic system so widely disliked, hated and opposed? Given the success of the competitive market economy to “deliver the goods,” it presents something of a paradox. An economic system that has either radically reduced or even in some instances virtually eliminated poverty, that has created widely available opportunities for personal, social and ...