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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

The Debt Ceiling Hysteria and Profligate Government

Once again, the financial fears have been ratcheted up due to recent announcements by the U.S. Treasury Secretary, Steven Mnuchin, and the Congressional Budget Office (CBO) that by the middle of March 2018 the Federal government ...

Government Shutdowns, If Only It was True!

The media once more has been agog with the terror and fear of the government shutdown that occurred following the failure of the Congress to pass another stop-gap spending bill, when federal spending approval officially ran out at one ...

Liberty, Law and the Market Economy

The history of liberty and prosperity is inseparable from the practice of free enterprise and respect for the rule of law. Both are products of the spirit of classical liberalism. But a correct understanding of free enterprise, the rule ...

State of the Nation: Progressives, Conservatives, and Trump

Anyone reading the news and especially the political “liberal” and conservative commentaries might easily conclude that he is living in a world of two parallel political universes. It is as if modern American liberals and conservatives are, respectively, occupying ...

Capitalism and How Expectations Coordinate Markets

Open, competitive markets have a resilient capacity to successfully coordinate the actions of, now, billions of people around the world. With an amazing adaptability to changing circumstances, the actions and reactions of multitudes of suppliers and demanders are brought ...

America’s Great Depression and Austrian Business Cycle Theory

When Murray Rothbard’s America’s Great Depression first appeared in print in 1963, the economics profession was still completely dominated by the Keynesian Revolution that began in the 1930s. Rothbard, instead, employed the “Austrian” approach to money and the business ...

An Audience with the Tyrant of Yemen

The former president of Yemen, Ali Abdullah Saleh, was reported killed in the capital of Sana’a, on December 4, 2017, when he seemingly was changing sides in the on-going and brutal civil war in that country. I actually met ...

Capitalism and Asymmetric Information

Capitalism is a wondrous human institution for the mutual betterment for all in society. Yet, critics often insist that market systems enable sellers to take advantage of buyers, because those on the demand-side often lack the specialized knowledge that ...

Capitalism and the Misunderstanding of Monopoly

Numerous misunderstanding and mythologies surround the meaning of capitalism and competition, but few match the confusions over the meaning and relevance of “monopoly” in the workings of the market economy. When looked at dispassionately, factually, and historically, monopoly has ...
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