For much of the last half-century, California benefited from a powerful first-mover advantage. Dense networks of talent, capital, and research institutions allowed the state to absorb policy mistakes that would have crippled competitors.

Recently on Facebook, I shared my Café Hayek post titled “Lower-Priced Goods are a Blessing, Not a Curse.” I prefaced this share with this remark: “Protectionism is the theory that 10+2=6, and 10-2=16.

Private markets work well when they are allowed to function free from big government directives. The latest example is in the world of financial data sharing, where Washington tried to dictate prices, warring

When the internet went mainstream at the turn of the twenty-first century, it was widely celebrated as a revolutionary force for freedom and democracy. Its decentralized architecture promised to empower individuals, expand free

The US seizure of Venezuelan leader Nicolás Maduro is being framed publicly as a counternarcotics and democracy-restoration operation. But it is oil — not cocaine or fentanyl — that sits at the center

W.E.B. Du Bois was born in Great Barrington, Massachusetts (where AIER is now headquartered), in 1868. Today, this towering figure of the early civil rights movement is remembered as a groundbreaking sociologist, Pan-African

The shocking capture and extradition of former Venezuelan President Nicolas Maduro and his wife over the weekend is the culmination of months of US pressure on the regime. President Trump and other administration

Bitcoin and other cryptocurrencies are widely – but wrongly – panned as unregulated casinos or Ponzi schemes that create no real value. For example, US Senator Elizabeth Warren called crypto a “threat to