What Economists Are Not—And Shouldn’t Try to Be
Economists should not “design the tap” or “lay the pipes” for government intervention.
Interventionism
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Moral Hazard: Kenneth Arrow vs. Frank Knight and the Austrians
Rather than impartial referees reducing moral hazard, governments are its most common cause.
Brexit Might Pave the Way for an Independent Scotland
As with the UK and the EU, predictions of post-secession economic doom should be ignored.
Higher Costs Don’t Mean Higher Prices
Driving up costs for cocaine dealers has not led to a similar rise in street price. This is because prices are not based on the cost of production.
The Unrevolutionary Revolution
The state eventually gorges on every choice you have: from products in the market to the things you are able to dream about changing.
The Economic Evil of Eugenics
Central planning implies eugenics, and eugenics in turn is a kind of central planning.
Week in Review: February 18, 2017
The Fed has elected to keep kicking the can down the road.
Healthcare Is Not Immune to the Laws of Economics
Proclaiming health care to be a "right" won't make new doctors, hospitals, drugs, and medical equipment fall from the sky — in just the right amounts.
Why Food Stamps Don’t Promote Healthy Eating
Food stamps have long been promoted with the idea that they improve nutrition and health. Unfortunately, this has never been shown to be true.
How Governments Destroy Consumer Sovereignty
The entrepreneur's job is to shape his whole enterprise around consumer wants. Unfortunately, governments often get in the way.
