True Grit and True Commerce
At least one reviewer was dismayed that everything had a price in the <i>True Grit</i> story. Indeed, Mattie Ross is constantly making economic calculations while trying to make the best deals she can.
Mises Daily
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Is Life without the State Always Chaos?
Removing the ability of a lone societal institution to arrogate to itself the right to pronounce law and to decide cases would result not in disorder but in a legal framework that more perfectly reflects the norms of society.
Two Visions for Europe
In order to understand the tragedy of the euro and its history, it is important to be familiar with the two diverging and underlying visions and tensions that have come to the fore in the face of a single currency.
Subjective Value and Market Prices
Precisely because value is subjective, voluntary trades are win-win situations. At the same time, market prices are objective measures of wealth, and these allow for rational economic calculation.
The Reagan Fraud — and After
During his eight years in office, Reagan increased federal spending by 53 percent, added a quarter of a million new civilian government employees, escalated the War on Drugs, created the “drug czar’s office,” and lowered the value of your 1980 dollar to 73 cents.
The Euro Debt Crisis and Economic Theory
The cause of the European debt crisis, in its simplest form, was overspending by (mainly southern) European governments during the last decade, and especially after the 2008 financial crisis.
To Hell with Farming
God knows I had enough to do without sitting and listening to the city people tell me what an idyllic life I had and how they envied me. But I didn't notice any of them grabbing a hayfork and pitching in.
Blinder Understates the Cost of a Carbon Tax
Alan Blinder listed numerous alleged benefits of a phased-in carbon tax. Out of his entire column, he devoted a single sentence to the possible downside of his plan when he wrote, "No one likes to pay higher taxes."
Alan Greenspan Was Right! (About Antitrust, Anyway)
Greenspan was right when he concluded that “the entire structure of antitrust statutes in this country is a jumble of economic irrationality and ignorance” and is the product of “a gross misrepresentation of history.”
Raw Capitalism in the Restaurant World
The beauty of the kitchen is that credentials or degrees don't matter. If there is such a thing as dog-eat-dog capitalism, this must be it — with customers holding the leash.
