Capital and Interest Theory

Medical Savings Accounts promised market incentives in health insurance. Congress didn't renew them, but Dale Steinreich argues they weren't so great anyway.

If the economy is slowing, argue some economists, the Fed should lower rates and flood the market with credit. Gene Callahan disagrees.

As usual, the rich are taking a beating this election season. But Lew Rockwell argues that they are the foundation of prosperity and a most precious asset.

Releasing the government's stored oil may have political effects, which has always been the point, says Thomas DiLorenzo. 

Are American workers becoming more productive? The data used to measure productivity are unreliable.

Email is supplanting regular mail and the Postal Service is fighting for its life--at its customers' and competitors' expense.

The New Scientist tries its hand at economic theory, and makes an awful mess of it. Callahan and Murphy explain where the piece goes wrong. 

The National Labor Relations Board is the Supreme Soviet of organized labor, and now it wants to wreck a thriving segment of the labor market, says Chris Westley. 

Brookings economists are fixated on finding the proper rate of unemployment and inflation. But their very model is wrong-headed, says Frank Shostak.

The Pulitzer Prize has been known for honoring great works and great folly. A newspaper colleague of mine in 1977 won a Pulitzer for a very moving (if, albeit, a bit staged) photograph of a legless Vietnam veteran sitting in a wheelchair in the rain watching an Armed Forces Day Parade in Chattanooga, Tennessee. The Pulitzer also is still recovering from the Janet Cooke fiasco of 1981 when the prize committee had to rescind the award given to the Washington Post reporter who wrote a fake story about a nonexistent eight-year-old heroin addict, the story called "Jimmy's World."