The Myth that Central Banks Assure Economic Stability
The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, especially during the last […]
Business & Economics
Why Unschoolers Grow Up to Be Entrepreneurs
Almost by definition, entrepreneurs are creative thinkers and experimental doers. They reject the status quo and devise new approaches and […]
No One Comes Out the Victor in a Trade War
The President is at it again, having made good on his promises to punish foreigners in the United States he […]
How Inflation Drinks Your Milkshake
In the denouement of the film There Will Be Blood, the antihero Daniel Plainview dramatically reveals to his nemesis that he […]
Government Is the Greatest Purveyor of Inequality
With June being celebrated as Gay Pride month, every year around this time we seem to experience an increase in […]
The U.S. Should Be More Like Hong Kong
While airports frequently have “Duty-Free” stores within them, Hong Kong is a Duty-Free city-state. It levies no taxes on incoming foreign […]
John Maynard Keynes: The Damage Still Done by a Defunct Economist
Seventy years ago, on February 4, 1936, the English economist John Maynard Keynes (1883–1946) published what soon became his most […]
Masterpiece Cakeshop Ruling Tastes Good, But Is Empty Calories
Today’s exceedingly narrow decision in Masterpiece Cakeshop kicks all the big questions down the road. While it’s gratifying that, by a […]
This Supreme Court Case Could Change Online Shopping Overnight
Online commerce as we know it could soon radically change. In a case it recently heard, the Supreme Court could eliminate the […]
How Imperial Socialism Shattered the Roman Empire and Led to Feudalism
In years of peace, Diocletian, with his aides, faced the problems of economic decay. To overcome depression and prevent revolution, […]
This Doctor Is Making Heart Surgery Accessible to the Poor by Embracing Mass Production
Health care is a delicate topic. So delicate, in fact, that comparing it to something as impersonal as the mass […]
The U.S. Starts a Trade War-With Its Allies
The temporary exemptions to the Section 232 tariffs on steel and aluminum granted to Canada, Mexico, and the European Union […]
Adding up America’s Fiscal Follies through the Years
Recently, a passage from an economics textbook, Modern Principles of Economics, came to my attention. It was written by Tyler […]
Debunking 9 Farm Subsidy Myths Pushed by Special Interest Groups
Agricultural special interests try to make it sound as though touching even one farm subsidy-regardless of how unreasonable the subsidy […]
How Media Outlets Misinform the Public about Teacher Pay
During recent teacher walkouts in Oklahoma that captured national attention, many major media outlets reported misleadingly small figures for teacher pay. […]
Only 53 US Companies Have Been on the Fortune 500 since 1955, Thanks to the Creative Destruction That Fuels Economic Prosperity
What do the companies in these three groups have in common? Group A: American Motors, Brown Shoe, Studebaker, Collins Radio, […]