Interventionism

Our friend Robert Bradley recently took a look back 25 years ago when the New York Times still had some scientific backbone.

The supply side matters. Fernández-Villaverde and Ohanian point out, “In short, incentives to hire, invest and start new businesses need to be a priority, lest the sclerotic U.S. economic growth of the past six years returns and, as in Europe, becomes a permanent condition.”

Mises Daily Thursday by Dale Steinreich.

The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.

Shocking health care expenditure: US vs. the rest of world.

The Velvet Revolution, during which the people of Czechoslovakia revolted against their communist masters, turns twenty-five years old this month.  Many people from formerly-communist economies have learned much from the experience, even if many in the West have not.

In an effort to open up its economy, a leading merchant in Plymouth Colony led an effort to grant full religious liberty in the colony. But the old ruling oligarchs intervened and blocked the measure's approval.

There is no use talking about a return to a gold standard until the US has abolished the deficit in the federal budget and kept it balanced for a couple of years.

Economists can use their knowledge for both good and evil, and for those in government, such knowledge is often used to deceive and make government

Economists can use their knowledge for both good and evil, and for those in government, such knowledge is often used to deceive and make government programs look less costly than they are.