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Author » Richard M. Ebeling

Dr. Richard M. Ebeling is the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. He was formerly professor of Economics at Northwood University, president of The Foundation for Economic Education (2003–2008), was the Ludwig von Mises Professor of Economics at Hillsdale College (1988–2003) in Hillsdale, Michigan, and served as vice president of academic affairs for The Future of Freedom Foundation (1989–2003).

Latest from Richard M. Ebeling

Out-of-Control Government: How, Why, and What to Do

There is always a variety of government programs and activities that people either think are not worth the money or should not be the business of government in the first place. Yet it seems almost impossible to rein in ...

Quinn Slobodian and the Academic Attack on Mises and Hayek

We are living in a world of the anti-liberal counter-attack against individual liberty, free markets and limited government. Prominent voices for the free society in the 20th century, like the Austrian economists, Ludwig von Mises and Friedrich A. Hayek, are ...

The Bad Economics of Short-Run Policies

Bad economics can bring about or grow out of bad politics. But the question is, what are bad economics and bad politics? Unless this is clearly and correctly identified, a bad situation can be made worse, and a good ...

The Rise of Capitalism and the Dignity of Labor

The market, or capitalist, economic system has transformed the material world in wondrous ways over the last 200 years. Poverty, once the natural condition of virtually all of humanity, is being lifted from people’s shoulders, not only in the ...

A Real Agenda for a Renewal of Free Market Liberalism

To mark its 175th birthday, the highly regarded and widely read British news magazine The Economist published a “manifesto” in its September 15, 2018, issue outlining its agenda for a renewed and relevant political and economic liberalism for the ...

Economic Straight Talk: The Contributions of Ludwig von Mises

Economic Straight Talk unmasks the economic fallacies behind many government policies, and explains the benefits from economic freedom — greater individual liberty that increases people’s freedom of choice and widens the free market competition ...

Macro Aggregates Hide the Real Market Processes at Work

For the 12 months that ended in July 2018, price inflation in the United States, as measured by the Consumer Price Index, was 2.9 percent. That is, a basket of goods that cost $100 in July 2017 increased in ...

The Market Democracy vs. Democratic Socialism

Warnings are frequently heard nowadays that democracy is currently under threat. And with a demise of democracy will come a loss of liberty. Indeed, democracy and freedom are frequently heralded as being synonyms. An important question, however, is, What ...

Interest Rates Need to Tell the Truth

In the middle of July 2018, President Donald Trump said in an interview that he was “not happy” with the Federal Reserve nudging up interest rates and threatening economic growth in the United States. At the recent Jackson Hole, ...