Jim Manzi has been challenging mainstream economists to defend their models, which tout the benefits of fiscal and monetary "stimulus." Manzi has repeatedly asked why he should put any faith in the predictions of these models.
Legal or not, destruction is animal-like behavior. It's one thing when it is done by wild pigs. But when identical forms of destruction are sponsored by the state, we are talking about a form of brutality that is purely man-made.
Anyone who has worked in middle management has likely, at one time or another, had their big boss pass out some dopey management books that especially touched the hamster-brained sociopath (as Scott Adams would say) who was in charge of operations.
The economy is now a networked economy. Some people even say that in this networked world centralized managerial hierarchies are obsolete; in the future, they will be replaced by decentralized, disaggregated, peer-to-peer communities.
Joan Samson was a Depression baby, born in 1937. In 1975, the year before her death, she published her only novel, <i>The Auctioneer</i>. This seems to be just about the sum total of what is publicly known about her, and that is a damn shame.
The issue is whether current tax rates — which had been in place since 2003 — would stay the same, or whether they would go up in 2011. From this perspective, then, this has been a debate over a tax hike, not a tax cut.
Jörg Guido Hülsmann shows us how to fix money.
The honor of being called the "father of modern economics" belongs not to its usual recipient, Adam Smith, but to a gallicized Irish merchant, banker, and adventurer who wrote the first treatise on economics more than four decades before the publication of the Wealth of Nations.
The Lincoln regime destroyed the system of federalism, or states' rights, that was established by the founding fathers. After the war, the union was no longer voluntary, and all states, North and South, became mere appendages of Washington, DC.
Antitrust keeps superior products and marketing strategies from harming rivals, but halting such innovation harms consumers. It inhibits superior firms from passing on their efficiencies to consumers in lower prices.
