Entries by Lawrence Reed

How the United States Conquered Inflation Following the Civil War

Estimated Reading Time: 4 minutes

Americans today are once again the victims of price inflation brought on by runaway government spending and printing of unbacked paper money.   According to the most recent polling data, the American public’s approval of Congress stands at a dismal 21 percent. Almost four times as many people disapprove of the job it’s doing. That’s par for […]

What Makes Biden and Yellen’s “Global Minimum Tax” Push So Hypocritical

Estimated Reading Time: 2 minutes

Joe and Janet the robber barons Imagine if oil companies got together and agreed to charge consumers no less than $3.50 per gallon for gas. Let’s call it a “global minimum price.” How long—in minutes—do you think it would take for the news media to cry foul and for the Justice Department to file an […]

F.A. Hayek on ‘the Supreme Rule’ That Separates Collectivism From Individualism

Estimated Reading Time: 4 minutes

The principle that ends justify means is one where the ethics of individualists and collectivists collide, F.A. Hayek saw. Born in Vienna on this date (May 8) in 1899, Austrian economist and political philosopher Friedrich August von Hayek lived to see almost the entirety of the 20th Century. He won a Nobel Prize for Economics […]