When there is a shortage of a good, it is safe to say that it is a result of government incursion into the economy. In the Cipro shortfall resulting from the current Anthrax scare, the likely culprits are FDA regulations and the patent system.
Had the United States pursued a policy of economic freedom with respect to energy production over the last thirty years, the conditions for OPEC’s success as a cartel would never have been present in the first place.
The recent World Trade Center disaster may provide some economic opportunities for small, select groups, but the vast majority of people—including most New Yorkers—will be left worse off than before.
In a market economy, marginally "superior" technology-where it can be objectively defined-doesn't necessarily end up dominating, and that's the way it should be.
Forbes magazine's Peter Brimelow and Edwin Rubenstein ask, "Does Hayek’s Law condemn the U.S. economy to a Japanese-like L-shaped recession?" John Cochran responds.
By subsidizing sports facilities, governments are taxing average people and boosting the incomes of some very wealthy individuals. What justification exists for this practice?
A federal judge rules: No drilling allowed. Tibor Machan explains why this is not a "victory for the California coast."
In 1920, Ludwig von Mises gave the first full explanation why collective ownership of the factors of production leads to economic chaos. Dan Mahoney restates Mises's position.
Polls say people want both prosperity and unlimited environmental amenities. Sometimes, however, you must make a choice. David Laband explains.
Citing railroads, the TVA, and interstate highways, Michael Kelly of The Atlantic Monthly says government has done wonders for us. Tibor Machan raises the question: At what cost?
