Power & Market

If Scots choose Holyrood over Westminster, or even Brussels over Holyrood, who are we to object?

Just because a worker has relatively low productivity is no reason to outlaw that person's job. But that is what minimum wage increases do.

The $120,000 price tag on that artwork involving a banana taped to a wall had almost zero to do with the amount of labor or materials that went into it. Its value was based on subjective valuations specific to certain buyers.

Father Frost (the Soviet Santa Claus) asks: "To whom do we owe all the good things in our socialist society?,” to which, it is said, the children chorus the reply, "Stalin."

Recent reports on Afghanistan and Syria show the lengths Washington will lie to the public in the name of war.

Friedrich Hayek called Franklin Roosevelt "the greatest of modern demagogues."

If this data is correct, then the anecdotal evidence just doesn't add up, and it's simply not the case that people don't have time to do anything other than work, eat some fast food, and then do it all over again.

Today is an interesting milestone for libertarian-minded people, as well as those with a fondness for trivia.

British politics could potentially be very different next year, but a recent shortlist of candidates to replace Mark Carney doesn't provide much hope for Austrians. 

So what to do about two of the greatest policy failures in US history? According to President Trump and many in Washington, the answer is to combine them!