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The success of fantasy sports is an illustration of how capitalism unleashes innovation, and how government can manage to ruin anything it touches.
The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.
Government schemes are powerless in gauging where comparative advantage lies, whether we are talking about trade or sports.
Free MarketsInterventionismValue and Exchange
The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.
For Mises "human society is thus spiritual and teleological," the "product of thought and will."
Free MarketsU.S. EconomyAustrian Economics Overview
Out of eight theories aiming to explain the current slow economic growth not one is correct highlighting the need for a reformation to sound policies.
Free MarketsLegal SystemMedia and Culture
Even if consumer protection regulation is motivated by good intentions, it inevitably undermines competition and consumer welfare.
The EntrepreneurFree MarketsHistory of the Austrian School of EconomicsPrices
An "I voted" sticker is no substitute for a simple receipt.
If Social Darwinism is all about selfish competition ... then Darwin was not a Social Darwinist.
Free MarketsGlobal EconomyLegal System
Brexit is not so much a victory as an opportunity, a chance to once again spread the ideals of peace and free trade from which all human progress derives.