The Olympics and Comparative Advantage
Interventions in the name of fairness do little to advance real fairness but a great deal to undermine the benefits we all derive from competition.
Interventions in the name of fairness do little to advance real fairness but a great deal to undermine the benefits we all derive from competition.
Please do not think, as many do, that economics — which is a science — takes sides on this issue.
Anyone who values a historically informed and well-written defense of freedom will gain a great deal from reading DiLorenzo's Organized Crime.
Economist Robert Frank thinks "keeping up with the Joneses" is socially harmful. He wants to rein in and clamp down on all the "Joneses" in the world.
Attempts of the government to subsidize the beginning of fisheries also proved fruitless.
The US government cannot use hyperinflation to escape the the promises it made to retirees.
Perfectibility is the progressive diminution of effort compared with the result.
Property means autonomy. Authentic owners of private property are in it for the long run.
"Buy American" is invoked to justify one group of citizens beggaring another.
One cannot help remarking points of resemblance here between the newest type of educational organization and the newest type of drugstore.