Voluntary Exchange Sources

In hindsight, the rise of cryptocurrencies appears to have begun with the introduction of bitcoin in 2009. Earlier cryptocurrencies had been launched in the 1990s, but they failed to take hold. David Chaum’s DigiCash is widely thought to have been ahead of its time. Chaum...

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Ludwig von Mises didn’t like references to the “miracle” of the marketplace or the “magic” of production or other terms that suggest that economic systems depend on some force that is beyond human comprehension. In his view, we are better off coming to a rational...

Americans took out $1.7 trillion in government loans for college tuition. Now, some don’t want to pay it back. President Joe Biden says they shouldn’t have to. He wants to cancel at least $10,000 and maybe $50,000 of every student’s debt. “They’re in real trouble,” says Biden...

Henry Hazlitt has had a long and distinguished career as economist, journalist, and author. Best known of his numerous books is Economics in One Lesson. How the Communist Manifesto fails as an economic guidebook. A number of women (and men) have recently been contending that women who...