No economy is made better off by destroying existing resources. But that's what "cash for clunkers" tried to do, while only driving up the price of transportation for middle and lower-middle class families.
While the US's central bank strikes a "cautiously optimistic" stance (as usual), central banks in developing countries are driven to easy money by economic uncertainty and a weakening dollar.
Far from making women "wage slaves," Europe's move toward urban wage work liberated both women and men from the isolation and low productivity of rural farm work.
Just because healthcare is expensive is not a necessary or sufficient condition for mandating coverage. If you think healthcare pricing seems nonsensical now, just wait until you see what happens when mandated coverage removes any semblance of rational insurance pricing to the healthcare “...
Bastiat’s great themes — harmony rather than equilibrium, property versus spoliation, and property and value — have been almost completely neglected in professional economic science during the unfortunate twentieth century.
In a relatively unhampered market, a declining population is not necessarily an economic problem. But in a system where retirees can loot younger workers through government pension systems, there is a real problem, indeed.
