Interventionism

Even some professional economists — don't really have a good intertemporal mental construct of the market, they can't really fathom how prices would guide people to properly allocate scarce resources.

The early 1920 was the last time laissez-faire ideas were used to help the nation recover from a depression.

Thaler and Sunstein have set themselves a seemingly impossible task. Paternalists maintain that it is sometimes justifiable to interfere with someone's freedom, if doing so will promote his own good.

When you do a lot of driving, $4 gas eats up a pretty big chunk of your disposable income and requires a few adjustments to the way you live. So how does the market coordinate these changes?

There are harsh penalties for not fulfilling a 10–15 year contract to do nothing! Talk about the American dream turning into a nightmare.

We need to shut down the machinery that allows government to enact its plans.

To the extent that human costs are attributable to price controls they are avoidable.

Congress and the others in political power in this country will not be satisfied until they have fully destroyed the US economy and replaced it with something we thought would disappear when the Iron Curtain finally fell so many years ago.

Reminiscent of a juvenile accepting a dare to do something stupid, the chairman of the Senate Banking Committee, Senator Christopher Dodd, crowed t

The happy life comes through permitting maximum freedom to associate and choose — a freedom that applies to everyone and under all circumstances, without exception.