To use Keynesian terms, employment in the United States is not suffering from an “aggregate demand” failure. There are plenty of job openings; it is a failure of a good number of employable people not being interested in filling the slots employers would like to fill. Why?
Richard M. Ebeling
Dr. Richard M. Ebeling is the recently appointed BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. He was formerly professor of Economics at Northwood University, president of The Foundation for Economic Education (2003–2008), was the Ludwig von Mises Professor of Economics at Hillsdale College (1988–2003) in Hillsdale, Michigan, and served as vice president of academic affairs for The Future of Freedom Foundation (1989–2003).
Inflation Is a Dangerous Way to Get Rid of Debt Burdens
Inflation is a form of tax, under which portions of the citizenry’s income and wealth is taken from them through reducing the real buying power of money held by all those in the private sector and the general public.
Henry Hazlitt and the Failure of Keynesian Economics
Keynes used the “technique of obscure arguments followed by clear and triumphant conclusions.”
Saving Capitalism From The “Big” State
Mariana Mazzucato’s and Joe Biden’s political missions and big economic central plans require all of us to give up our own individual and personal plans to be straightjacketed into their compulsory designs for us.
Guns and American Liberty
Richard Ebeling on why armed self-defense is essential in a free society.
Carl Menger’s Theory of Institutions and Market Processes
Menger’s Distinct Approach to Economic Thinking
Restrict Political Pickpockets To End Budget Deficits
Our dilemma, today, is that, to use John Stuart Mill’s phrase, we have a political system in which many who have the right to vote use it “to put their hands into other people’s pockets for any purpose which they think fit to call a public one.”
Word Tyranny and Cultural Balkanization
America has entered into a new era of thought control. What is being insisted upon now used to be known as tyranny and criticized as dictatorship.
Post-Covid Policy Advice from Ludwig von Mises for Developing Countries
As Mises said, if we want, peace, freedom and prosperity, there is no alternative to the free market economy respectful of competitive entrepreneurship and consumer choice.
Socialism-in-Practice Was a Nightmare, Not Utopia
Listening to some in American academia and on social media, you would think that socialism was a bright, new, and shiny idea never tried before that promises a beautiful future of peace, love, and bountifulness for all. It is as if a hundred years of socialism-in-practice in a large number of countries around the world had never happened.
President Biden’s Rule By Executive Decree
President Biden and those around him are attempting to implement through executive order and other means are policies and political positions that many in the society do not share or to which they do not assign the same degree of urgency.
President Biden’s Push To Force Workers To Join Unions
President Biden’s “closed shop” labor union agenda would rob all those working for a living the liberty and latitude to do so freely and of their own choosing.
Witnessing Lithuania’s 1991 Fight for Freedom from Soviet Power
We should remember and appreciate episodes in history like those in Lithuania in January 1991, in which a people oppressed by socialist tyranny said, “No,” and insisted upon regaining their freedom.
Who is Carl Menger?
There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and its implications. But one that is in this category is Carl Menger’s Grundsätze der Volkswirtschaftsliche, his Principles of Economics in its English translation, which marks this year the 150th anniversary of its publication in 1871.
Private Charity versus the Political Grinches
End Government Paternalism and the Private Sector Will Do the Job
Confusing Free Market Capitalism with the Corrupt Interventionist State
It is difficult to see the difference between an actual free market and the interventionist system under which we live because so many across the political spectrum refer to ours as a “capitalist” society.
The Real Meaning of Thanksgiving: The Triumph of Capitalism over Collectivism
In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism.
Why U.S. Election Politics Breeds Divisive Fears and Angers
Michelle Obama’s words imply that if there is to be healing and uniting it means that all those who think the “wrong” way must come over and only think according to the anti-capitalist “progressive” worldview of those on “the left.”
Voice of Capitalism
Our email weekly email newsletter.
We respect your privacy. Unsubscribe anytime.