The greatest hyperinflation in all Chinese history occurred less than a century ago. It played a huge role in the collapse of the Nationalist government of Chiang Kai-shek and the ascendancy to power of Mao Zedong and the Chinese Communist Party in 1949.

If instead of buying the stuff from competitive private enterprises, we had purchased planes and tanks from government factories, we would have paid twice the price for half the quality.

No setback ever deterred the iron wills of these two great men.

Coming from a country where the State historically monopolized education, Mori saw America’s much freer institutions as a model of accomplishment.

If someone tells you that hyperinflation can’t happen in America, you can tell them it already did.

Mori Arinori saw private life and civil society in America as remarkably cheerful and robust, reserving special praise for a particular day. This is Part 2 of a three-part series.

If you can say someday that when liberty was challenged, you rose to defend it and did not run for cover, your children and grandchildren will thank you. They will remember you as heroes for a noble cause.

More than 30 years now since its liberation from Soviet socialism, its charm is greater than ever.

Let’s hope the leadership at Disney makes 2025 the year they finally ditched DEI, wokeism, and the nonsense that Walt would have never tolerated.

A leading figure of the Japanese Enlightenment, Mori Arinori also offered some fascinating insights about America.

Martha Raye’s affection for the troops was rivaled only by her love of the country.

For reasons only magnified by Putin’s invasion, the Mickiewicz column is in a most appropriate place.

The real fool of this April Fool’s Day in Odessa is Vladimir Putin.

“Concentrated power is not rendered harmless by the good intentions of those who create it.”

What are some ways to introduce ideas of freedom and free markets to young people who have not heard them before? This is the topic of this short video interview I did at the initiative of Jan Kuban of the Polish-American Foundation for Education and Research in Economics (PAFERE) in Warsaw. — March 2022.

Do the right thing now or you will inevitably regret your failure later. How many times does this have to be stated before its wisdom sinks in?

If you can’t find anything good to say about Warren Harding, you haven’t looked very far. You can listen to many of Harding’s speeches here: https://tinyurl.com/2hf2u8xu

We need regular reminders of exactly why liberty is important, precious, indispensable, and priceless.

A kind of justice finally claimed Nikolai Krylenko and, in time, it claimed the regime that produced him too. Civilized people will not be disappointed if something similar befalls Vladimir Putin. Krylenko deserved it, and so will Putin.

A very wise observation of the 18th Century French political philosopher Montesquieu sums all this up in a single sentence: “Countries are well cultivated, not as they are fertile, but as they are free.” That ought to be the first lesson taught to economics students everywhere.