Financial MarketsMonetary Theory
Works Published inMises Daily Article
Gary M. Galles is a professor of economics at Pepperdine University. He is the author of The Apostle of Peace: The Radical Mind of Leonard Read.
June 12 was the day the Virginia Declaration of Rights, penned by George Mason, was ratified by the Fifth Virginia Convention in 1776. And it has pride of place as the first of several declarations of rights in the era.
Monopoly and CompetitionValue and Exchange
Competition and cooperation and not two things in conflict. They are both essential ingredients in a society based on voluntary action instead of violence.
Taxes and Spending
If Social Security was efficient, equitable, reliable and sustainable, defending the status quo might be sensible. But it is none of those things.
Friedrich Hayek’s The Road to Serfdom reached its 75th anniversary this year, and there is no shortage of qutable insights we can glean from its pages.
Bureaucracy and Regulation
Los Angeles city bureaucrats want fewer cars on the streets. Unfortunately, their plans have side effects which endanger human life and safety.