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Under Biden Free Enterprise Means Government Control

George Orwell famously coined the term “newspeak” in his 1949 anti-utopian futuristic novel, 1984, in which commonsense words were reversed in their meaning. Thus, “peace” meant “war,” and “love” meant “hate.” In our current world of political correctness, “equal rights” means “privilege,” and “freedom” means “oppression.” Now, with President Biden’s recent executive order on “active” enforcement of antitrust laws, ...

Appreciating F. A. Hayek’s Insights on Money and the Business Cycle

Over the last few months, fears over rising price inflation have, again, become the focus of political policy makers and media pundits. While generally rising prices have a variety of deleterious effects, attention is often not given to how inflationary processes work, their negative effects beneath the surface of measured movements in the “price level.” Ninety years ago, the ...