Inflation Has Not Cured Iceland’s Economic Woes
By late 2010, inflation-adjusted income in Iceland was down over 35 percent. Inflating one’s currency may give the appearance of recovery, but the truth is somewhat less rosy.
Interventionism
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Five Ways to Create a Monopoly
Come one, come all, and learn the five best ways to create a monopoly.
The Power of the State vs. the Power of Love
Philosophers have argued that society must invest great power in the rulers because only great power can hold back the forces of evil. Is there another alternative?
Water Subsidies and Shortages in the American West
Water is distributed in the West not by markets and market prices, but by the political process.
Two Types of Individualism
What individualism teaches us is that society is greater than the individual only in so far as it is free.
Economies are Not Destroyed in a Day
Most economists and policy analysts seem to have a superficial reading of economic variables.
The FDA: A Pain From the Neck to the Big Toe
Once again government has taken something that was cheap and beneficial and turned it into a monopoly that drives up the cost.
The Selfish Gene, Social Darwinism, and Human Cooperation
Reason has demonstrated that, for man, the most adequate means of improving his condition is social cooperation and division of labor.
To Save Europe, Free the Markets
No government planner can compete with the resource allocation efficiency of a market system.
Why Are Jurors Expected to Work for Below-Market Wages?
Americans’ right to a jury trial does not imply that drafting jurors is the best way to provide that right.
