Jeffrey Sachs’s Blind Spot
Jeffrey Sachs rightly sees the problems of state interventionism in foreign policy. But he then fails to see the same holds on domestic policy.
Interventionism
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The Economist’s Duty
A 4-part condensation of chapters from Human Action dealing with various forms of government interference with the free market.
Nudges for Thee, But Not for Me
To most observers, nudging sounds like clever management techniques. The power to nudge by the state, however, is an entirely different matter.
America Is Hardly a Bastion of Free Trade
Contrary to the popular myth, the US often imposes many crippling regulations in its international trade practices. We need more trade, not less.
What Caused the Irish Potato Famine?
As with most famines, it was government meddling that converted the Irish potato famine from a food-production problem into a deadly catastrophe.
What Economists Are Not—And Shouldn’t Try to Be
Economists should not “design the tap” or “lay the pipes” for government intervention.
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.
