Krugman and British Austerity
The historical evidence in Britain supports the view that spending cuts bring about larger economic recoveries than deficit spending does.
Other Schools of Thought
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Who Were the Cameralists?
The cameralists were German university professors who advised the princes and their bureaucracy how best to maximize their revenue and power.
The Fall of Communism in Virginia
In the Virginia colony, each person contributed the fruit of his labor according to his ability, and each received produce according to his need.
From Loose Money to Fettered People
It is important to recognize the link between monetary policy and individual liberty.
Withholding Consent from the Khan
Rather than utilize the suspicious paper chits issued by the Khan’s local governor, Tabrizian merchants refused to transact or trade; tents in bazaars stood empty.
Minimum-Wage Rates
The market wage rate tends toward a height at which those eager to earn wages get jobs and those eager to employ workers can hire as many as they want.
Misrepresenting Inequality
Advocates for ever-more redistribution rely on seriously incomplete and misleading measures.
The Concept of a Perfect System of Government
The concept of the perfect system of government is fallacious and self-contradictory.
Is the United States in a Liquidity Trap?
To suggest that people have an unlimited demand for money is not realistic, given that people require goods to support their lives and well-being.
