Cash for Clunkers: A Personal Look
While "cash for clunkers" accelerated consumption in the month of August, it left a gap in demand following the program's demise.
Interventionism
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The China Model Is Unsustainable
The Chinese economic miracle is nothing but a redder version of Keynesianism.
Union Solidarity: A View from Underneath
Unions want more regulation, higher prices, higher wages for themselves at the expense of others, and ever worse service.
The Fed’s Long Shot
If pushing down the short-term interest rate doesn't seem to be fixing the economy, let's push down long-term rates and see what happens. Shucks, we might as well try! It would be a shame to not use this shiny printing press.
Envy, the State, and My Fellow Man
The state’s investigation into Armstrong’s supposed use of performance-enhancing drugs has nothing to do with righting a wrong.
Who Protects the Consumer?
All these laws imply that industry is made up mainly of incompetents and crooks.
Trade Creates Wealth
Every day, before waking, I use a number of items my hands could not create in a thousand lifetimes.
Twist? Again?
Bernanke's policy gun is out of bullets. His policies have brought low growth, high unemployment, and a 7.2 percent increase in producer prices over the last 12 months. Attempts at stabilization have instead wrought chaos.
Operation Twisted Logic
The Fed's entire policy program suffers from the same defect that all market interventions suffer from. The moment you stop intervening, the underlying problems come to the surface again. Administrative price setting does not change economic reality, at least not for the better.
