Production Theory

While the politicians run around the country telling us of their plans to make our lives better--what wizardry they command, merely to make speeches, pass laws, and print paper and thereby make us prosperous and secure!--free enterprise is...

It is not a good thing to destroy wealth. Bastiat puts it this way: "Society loses the value of things which are uselessly destroyed." It sounds like an unexceptional claim. But herein rests the core case against everything the government does. Perhaps, then, we can see why the allegory is not...

Christmas is a make-or-break time for many retailers, and the holiday season's importance to the American economy is so great that "Black Friday" sales at some retailers, particularly Wal-Mart, are reported as a macroeconomic indicator. The holiday season is indeed festive and inspiring even in...

From a patent lawyer list I'm on, I received a solicitation to sign a letter opposing patent reform. The letter is to be sent to Senators Reid and McConnell. My response to the letter is below (only contains excerpts from...