Peter Van Doren Economists’ understanding of oil shocks has evolved over time. The original view was that reductions in supply from Middle East wars or OPEC decisions were important causes…

“Wright’s use of the word “unlikely” was a veiled concession that a spike to $200 was possible, though he repeated that the price jump would be weeks not months.”

David Inserra, Jennifer Huddleston, and Christopher Gardner When it comes to kids online, policymakers often have the best of intentions. Even if they radically disagree on what’s good for children,…

Growth in gross domestic product was down sharply from 4.4% in last year’s Q3 and 3.8% in Q2. The fourth-quarter number was half the govt’s first estimate of 1.4%

Is the state necessary? In this week’s Friday Philosophy, Dr. David Gordon follows Aeon J. Skoble’s argument that we can do without the state and finds there is much to…

Alex Nowrasteh Mohamed Bailor Jalloh murdered one person and injured two others in a terrorist attack on March 11 at Old Dominion University in Virginia. I immediately knew that Jalloh’s attack…

Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not create an enlightened moment in U.S.…

Scott Lincicome, Alfredo Carrillo Obregon, and Chad Smitson Last week, the Court of International Trade (CIT) delivered a victory for US importers that paid the “emergency” tariffs that the Supreme…

On this episode of Power & Market, Ryan, Connor, and Tho look at the economic fallout from the war in Iran. How has Iran been able to control the Strait…

The radical classical liberals of the past were not so naive as to think that words on paper would prevent the abuses of the central state. Allowing the central state…