Experts who predicted economic doom as Brexit approached obsessed over the problem of "transaction costs" in trade. But the EU was imposing countless new transaction costs of its own.
Dr. Joe Salerno recently penned a response to economist Tyler Cowen's call for "State Capacity Libertarianism." It's a very important essay, and I encourage you to read it.
Taxpayers are paying the disability pension of a "disabled" former cop who works full-time for the FBI and is classified as being in "excellent physical condition."
Progress in economics is progress in civilization. Ludwig von Mises supported economic progress because he valued the benefits of a humane and prosperous civilization.
