It is commonly held that prices of goods and services can be produced by means of supply and demand curves. These curves describe the relationship between the prices and the quantity of goods supplied and demanded.

Within the framework of supply-demand curves, an increase in the price of a good is associated with a fall in the quantity demanded and an increase in the quantity supplied. Conversely, a decline in the price of a good is associated with an increase in the quantity demanded and in a decline in the quantity supplied.

Radley Balko,  a defender of liberty best known for his book Rise of the Warrior Cop: The Militarization  of America’s  Police Forces, has been fired by the Washington Post. Balko writes: “So after nine years, I’m being let go by the Washington Post. This is disappointing but not surprising. In recent years, the Opinion leadership has made it increasingly difficult to do the reporting & in-depth analysis I was hired to do -- in favor of short, hot takes.”

The subject of time and money has hit a boiling point. Just look at Sri Lanka and Iran, where food riots have turned deadly, or, shall we say, currency riots have.

“Can we film the operation/Is the head dead yet/Get the widow on the set/We need dirty laundry,” sang Don Henley in 1982. Crime stories grab people’s attention more than almost anything else. What do the stats say for San Antonio?

As Mr. Henley’s “Dirty Laundry” continues, “kick ‘em when they’re up/kick ‘em when they’re down”: they’re all over the place in the last dozen years. A couple of isolated spots do pop out. 

In March 2019, the pseudonymous “PlanB,” who describes himself as a “former institutional investor with 25 years of experience in financial markets,” published a short article describing what he dubs the “stock-to-flow” (S2F) model of bitcoin pricing.

The mainstream of economics today makes use of mathematical techniques so extensively that to professionals and laymen alike, the discipline resembles a branch of applied mathematics.

Language is the perfect instrument of empire.
—Antonio de Nebrija, bishop of Ávila, 1492

Back in 1976, Joseph Salerno lamented that “there exists today in Anglo-American economics a veritable ‘conspiracy of silence’ regarding the works and achievements of the French Liberal School of Economics.” Not a whole lot has changed since then, and the same can be said about the contributions of the French liberals—what are now called classical liberals—in general. 

In my second article on the college problem, I discussed the public policy factors that contribute to the rising cost of higher education. But politics makes its way into education through more than public policy, as professors bring their political views into their classrooms and research. Nothing has contributed more to my personal disillusionment with higher education than seeing the extent to which the ideological problem has affected the university system.