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.
Legal SystemU.S. History
How old should a monument be to avoid Establishment Clause challenges? Not that old, given the Supreme Court invented the "wall of separation" argument in only 1947.
Protectionism and Free Trade
Car companies are building in Mexico rather than the United States, largely because it has freer trade than the United States does with the rest of the world.
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.