Minecraft and Crusoe Economics

Austrian economists often employ the pedagogy called “Crusoe economics” to illustrate the foundational principles of economic theory. Robinson Crusoe is alone on an island. He has nothing but his own body at his disposal, and he needs to find food and construct a shelter to survive. So what does he do?

He starts punching trees, of course!

Before Roe v. Wade, Abortion Had Always Been a State and Local Matter

In recent decades, anti-abortion advocates have increasingly claimed that the US Constitution provides protections to babies in utero via the 14th Amendment. That is, the Amendment would guarantee that no state may “deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.”

Fed Nominee Marvin Goodfriend Lied to the Senate about Taxing Cash

The government shutdown wasn’t long enough to delay the nomination hearing for an economist who could be considered to be one of the “worst Fed nominees of all time.” While most of the headlines generated from Marvin Goodfriend’s testimony before the Senate today focused on the grilling he received from Senate Dems, there is one curious part of his testimony that has been largely overlooked: