Daniel J. Smith is the Director of the Political Economy Research Institute and Professor of Economics at the Jones College of Business at Middle Tennessee State University. A Northwood University Alumnus, Daniel also is the American Co-Editor of The Review of Austrian Economics and the Senior Fellow for Fiscal and Regulatory Policy at the Beacon Center of Tennessee.
New York City, the bastion of global capitalism, is on the verge of electing its first socialist mayor, Zohran Mamdani. Many of his socialist visions for the metropolis fail basic economics. Worst of all is his proposal to freeze the price of rent. It ignores decades of empirical evidence that rent control harms the very residents Mamdani...
There is growing interest in socialist ideas, especially among college-age Americans. To be precise, 62% of young Americans between 18 and 29 years old have a favorable view of socialism, according to a 2025 survey by Cato Institute and YouGov. This makes Friedrich A. Hayek’s The Road to Serfdom, a critique of the dangers of...