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Economics

In-depth articles on economics exploring key policies in healthcare economics, agriculture subsidies, trade tariffs, government subsidies, and monetary systems — with critical examination of their broader impacts on public health, individual liberty, free markets, economic freedom, and the urgent need for policy reform.

Brownstone Institute provides alternative perspectives on how economic interventions affect society, from farm subsidies distorting food systems and health outcomes to monetary policy enabling control, tariff effects on global trade and liberty, and pathways to restore free-market principles and personal freedoms.

What Will Become of Cities?

What Will Become of Cities?

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Once you step back from it, nothing really makes sense. One might suppose that when a whole society – and really globe – embarked on such a crazy experiment and utterly failed in every way, that there would be a major effort to come to terms with it. The opposite is happening. Even with America’s treasured cities in such grave danger, so much of it provoked by terrible policies over four years, we are still supposed to either not notice or chalk it all up to some inexorable forces of history of which no one has any control.

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It’s Not Too Early to Name the Decade 

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The times are terrible not because of some impersonal forces of history as Hegel might have it, but because a small minority decided to play dangerous games with fundamental rights, liberties, and law. They broke the world and are now pillaging what’s left. It promises to stay broken and looted so long as the same people either gain the courage to admit wrongdoing or, like the decrepit old men who ruled the Soviet empire in its last days, they finally perish from the earth. 

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The Historian of Decline: Ludwig von Mises’s Relevance Today

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The mistake we made was in believing that there is logic to history. There isn’t. There is only the march of good ideas and bad, and the forever competition between the two. And this is a central message of Mises’s 1954 overlooked masterwork Theory and History. Here he offers a devastating rebuttal to determinism of all sorts, whether from old liberals or Hegel or Fukuyama. 

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The Destruction of the American Middle Class

The Destruction of the American Middle Class

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Since money-printing went into permanent high gear after the dotcom crash in 2000, the top 1% of households have gained $20 million each in inflation-adjusted net worth. Likewise, the top 0.1% or 131,000 households at the tippy top of the economic ladder have gained $88 million each in inflation-adjusted net worth.

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laborers

The Dignity of Labor Requires Freedom and Truth

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The same dynamic that Jesus encountered in Nazareth held true today; bringing “glad tidings to the poor” is a popular slogan but very often those who embrace it most quickly care little for being called out for their own sins which prevent delivery of these glad tidings. Sadly, this is precisely what has happened to those whose political history has been tied up with what was once called the labor movement.

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