If a dictator wants to avoid a nationwide revolution, then he should unleash a free enterprise system. This is the message that North Korean supreme leader Kim Jong-un is beginning to understand. Unlike other dictators around the world, like Zimbabwean President Robert Mugabe or Venezuelan President Nicolas Maduro, who have clamped down on free markets, the younger Kim is starting to open them up.
President Trump recently called Steve Bannon a libertarian — but Bannon is not even close. Does the president know what libertarianism is? Does President Trump understand what Bannon believes?
When politicians espouse the supposed virtues of protectionism and tariffs, they often cite four economic arguments: protect a nation’s industry, end the trade deficit, make the country self-sufficient and do it because other governments are doing it. For years, these have been the common defenses for the regressive policy of tariffs.
On the campaign trail and soon after his surprising victory, the president outlined a series of pledges and promises that he said he would fulfill in his first one-hundred days in the Oval Office. How has he fared?
The free market is combating the growing trend of American colleges and universities declaring war against incendiary behavior by college professors.
Editor’s Note: This is part of Liberty Nation’s coverage of the 100-day mark of the Donald J. Trump administration.
The minimum wage – or as legendary free-market economist Murray Rothbard called it “compulsory unemployment” – will result in more restaurants shutting their doors, says a new study by Harvard University economists entitled “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit.” With labor costs surging, driven by higher minimum wages, a greater number of restaurants will face ruination.
A new debt bubble has formed in the U.S. economy concerning auto loans. As this frightening balloon takes in more air, President Donald Trump may soon find himself in a financial the likes of which his democratic predecessor confronted when he took office in 2009. This news is a bit more than worrisome.
Malcolm Nance, a counterterrorism analyst for MSNBC, deleted a tweet on Wednesday that nominated Trump Towers in Istanbul as the next terrorist target for the Islamic State — and he’s only one of many members of the media who have called for violence against the President.