The Economic Benefits of Legalized Sports Betting in the U.S. Would Be Huge
With sports betting making waves in the news sphere, it seems advocates for the legalization of sports wagering have hit […]
Business & Economics
Welfare Spending Did Not Decrease Poverty, Capitalism Did
Last September, I shared some very encouraging data showing how extreme poverty dramatically has declined in the developing world. And […]
In 1970, Milton Friedman Called for Unilateral Free Trade Rather Than Retaliation. We Still Haven’t Learned That Simple Lesson.
Between 1966 and 1983, Milton Friedman (pictured above at the American Enterprise Institute in the 1970s) wrote more than 300 […]
Marginal Tax Rates Matter. Here’s an Intro.
Three years ago, I shared two videos explaining taxation and deadweight loss (i.e., why high tax burdens are bad for […]
Unemployment Has Bottomed Out. So Where’s the Wage Growth?
Originally posted on National Review’s The Corner. It’s been a while since we’ve had such low unemployment. pic.twitter.com/DcFEQPSdJ7 – Michael […]
Elizabeth Warren Looks to Make Cronyism Great Again
Donald Trump wants to make protectionism great again. Bernie Sanders wants to make socialism great again. And if we continue […]
What the Origins of Money Teaches Us about Spontaneous Order
Money has been around for most of human history. From Mesopotamia (or even earlier), all civilizations have employed some kind […]
Why California Cities Are Becoming Unlivable
In July, the mayor of San Francisco frankly stated that poverty in the city is so bad, that “there is […]
Free Trade or Protectionism: Let’s Boil It Down to the Basics
The policies and, even more, the tweets of the current President of the United States have made trade and trade […]
Paul Krugman, Supply-Side Economist?
I’ve been writing about the Laffer Curve for decades, making the simple point that there’s not a linear relationship between […]
You Can’t Argue against Socialism’s 100 Percent Record of Failure
Socialism is extremely in vogue. Opinion pieces which tell us to stop obsessing over socialism’s past failures, and start to […]
Escape from New York: Big Government Is Chasing Away the Small Businesses It Doesn’t Kill
Big government is crushing small business owners around the nation, punishing decades of hard work and job creation. Too few […]
How Socialists Make Economics the ‘Dismal Science’ in Spite of Rising Prosperity
Eighteenth-century economist Thomas Carlyle called economics a dismal science not just in reaction to economist Tomas Malthus’ view that economic […]
Free Trade Makes Us All Richer (Even If Other Countries Don’t ‘Play Fair’)
This week my colleague Ryan Young rightly warned that the White House’s newly announced tariffs on Chinese goods will harm […]
Socialism, Like Dracula, Rises Again from the Grave
Many of us grew up watching Dracula movies-Nosferatu, the “Undead.” Fearful of the sunlight that could burn him into cinders, […]
No, This Won’t Be a ‘Trade War to End All Trade Wars’
It is no surprise that President Trump’s trade war has many supporters. An understanding of the law of comparative advantage […]