Production Theory

The government, famed for building bridges to nowhere, can't replace a bridge blown down by Hurricane Katrina in four times the time required for a private company to replace its bridge just downriver from it, blown down at the same time. And the private company is a railroad,...

When it comes to matters such as the theory of evolution and stem-cell research, so-called liberals—i.e., socialists who have stolen the name that once meant an advocate of individual freedom—ridicule religious conservatives for their desire to replace science with the dictates of an alleged...

Here's an interesting excerpt from an interview with David Card by the Minneapolis Fed's Region (December 2006).

Is Card making the Austrian point that the perfectly competitive model (a.k.a. the simple supply and...

People who favor having federal goons arrest undocumented workers and send them home imagine that this is a great thing for American culture and society. But of course no government program quite turns out that way you expect it to.

In this case, the results have been to create a huge...