Martin Tillier I would bet that most people in the developed world are already familiar with the essence of hydraulic fracturing, or “fracking.” For those who aren’t, it’s a technique used to extract oil and gas from previously inaccessible underground shale (rock formations). Fracking has had a major impact on the energy industry …

The Natural Rights of Man and the Limits of Government Patrick Baron In The Law, Frédéric Bastiat presents the irrefutable maxim that human rights precede the formation of the state and, therefore, the collective actions of rulers cannot conflict with these primary rights. According to Bastiat, one can delegate to the state only those …

Frank Hollenbeck The gap between rich and poor continues to widen. In 1975, the richest 1% of the population held 8% of the economic pie; now they own over 20%. This is a striking change from the 1950s and 1960s, when the richest owned just over 10%. Research by Emmanuel Saez has shown that between …

Ludwig von Mises 200 years ago, before the advance of capitalism, a person's social status was the same from the beginning to the end of his life; he inherited it from his ancestors and never changed it. If a person was born poor, he always remained poor, and if …

Who wants communism? Nobody, of course, everyone wants freedom... and if possible a welfare state. This sounds as paradoxical as the reasoning about Achilles and the Tortoise.