Interventionism

Pro-austerity or anti-austerity? There is a third way, the Austrian way of less spending and lower taxes.

Each expansion of government’s reach shrinks freedom and restricts expanding social cooperation.

Obamacare began because of a crisis in medical care. Obamaschool is coming for similar reasons.

If we understand the business cycle, there is no need to look to animal spirits or any ill-defined exogenous forces.

This skyscraper craze is a massive misallocation of resources resulting from indiscriminate investment promotion by local governments.

Gupta states, “We have been terribly and systematically misled for nearly 70 years in the United States, and I apologize for my own role in that.”

Readers stirred to anger by the simpleminded statism of Paul Krugman will be delighted by Lott’s demolition of some of his claims.

Not surprisingly, the city government of Delray Beach is apparently doing everything it can to
    drive these young entrepreneurs out of business.

A real-life example of concurrent currencies circulating absent any legal restrictions would contain some heuristic value. The real-life example is Somalia.

If banks and other financial institutions should not be too big to fail, neither should the Fed.