Interpreting Prices
What are prices and what do they reveal about future events? Gene Callahan explains.
What are prices and what do they reveal about future events? Gene Callahan explains.
Conservation is not an exercise in saving us from ourselves. It is an attempt by the political classes to criminalize choices that we would make in a free market.
History is never as clear-cut as it is taught in public schools, but in this instance, something very strange is afoot. Tibor Machan discusses new revelations on nineteenth-century American history.
The media’s favorite phony solution to the economic downturn is for the Fed to drop interest rates lower and lower until the economy registers an upturn. What is wrong with this approach?
Mary McGrory, writing for The Washington Post, sees government failure all around her, yet calls for government to do ever more to help the poor, Adam Young discusses the error.
If power-hungry government officials and misanthropic environmentalists would get out of the way, California could avoid energy shortages this summer. George Reisman explains.
Mark Skousen is not easy to satisfy. "In 1980," he informs us, "I asked Murray Rothbard to write an alternative to Robert Heilbroner’s The Worldly Philosophers" (p.9).
According to Tom Brokaw, the "heroic consumer" is keeping the economy from falling into recession. William Anderson deconstructs the Keynesian mythology of spending.
Neoclassical economists are apt to define away individual differences by packing them into a homogeneous category called "tastes." But this quarantines what economists should be studying.
We are continually told that democracies guard against war. But that view abstracts from the U.S. imperial experience. James Ostrowski compares the rhetoric to the reality.