Interventionism

An economy not bludgeoned by powerful elites is the ideal we should seek, even if it has a name that is wildly unpopular: capitalism.

Falling Behind, by Robert H.

But what happened to the view that people have rights that restrict what government may do, even to promote overall "happiness"? Frank does not so much as mention it.

Second Life Blog: “As of January 22, 2008, it will b

By distorting relative prices and insisting on inefficient workplace rules, they certainly hamper the economy, no question about it. But it is wrong to blame unions for rising prices.

The crucial point to remember is that there is nothing magical about government officials.

The systematic problem arises from the fact that monetary policy sends incorrect signals into capital markets, reducing lenders' ability to distinguish between good and bad loans; it also sends incorrect signals to potential borrowers about what they can and cannot afford.

The most important signal flashing recession is, of course, the subprime mortgage fiasco.

One of our gravest problems is that we find ourselves confronting the armies of bureaucrats who already control us, and who have a vested interest in keeping and expanding the controls they were hired to enforce. . . .

We libertarians have our work cut out for us.

In this blog post at Pacific Research Institute, I criticize former Treasury S