The common wisdom used to be that a person shouldn't go into debt. This view was based upon centuries of experience. Bad things can happen, thus money should be saved just in case, not borrowed. But, now people follow the government's lead, the government will never get out of debt and neither will the people.
The Fed is always claiming to come up with new ways to make monetary policy less damaging to the economy. But Frank Shostak argues that this isn't possible.
Season Three of Fox's highly successful "24" has a message worth hearing, writes Matthew Hisrich.
Hating politics is fine, writes Lew Rockwell, but serious thought requires a fundamental rethinking of the role of government in the world.
China has experienced one of the great economic transformations in the history of the world, writes Frank Shostak. But will it last?
A dispute lead to a power grab, which led to the monopolization of power, which led to a king. Then a much worse step was taken, writes Walter Block.
With gas prices soaring, an old fallacy has been renewed, writes William Anderson.
Argentina's economy is poised to suffer the same fate as Icarus who flew too close to the sun and tumbled from the sky, writes Grant Nulle.
Even the most useful, most sophisticated models are only skeletal images of some full experience, writes Gene Callahan.
It is time for the energy alarmists to have their moment in the sun, writes Mark Brandly.
