Power & Market

Here's the new narrative: free market ideologues have been running the world for far too long, but fortunately now the "era of small government is over."  They're not being sarcastic.

Michael Moore, patronizing saint of poisoned water wells, hospital waiting lines, and the Rust Belt, has decided to shill for the establishment whi

I write this on March 18, now having watched a 180-degree reversal of how we think about contagious disease.

John Calhoun, among the most influential of America’s nineteenth-century statesmen, was born on March 18.

Notwithstanding the fear of disease contagion, the states and feds may only quarantine those who are actively contagious and will infect others imminently. And it must present evidence of both at a trial at which it bears the burden of proof.

For years there have been warning signs that a recession could light the fuse on a massive corporate debt bomb, and it’s possible that the coronavirus may be the match.

Toilet paper producers haven't stopped making it. But anti-gouging laws in many places have ensured that prices can't rise to ensure that your neighbor doesn't buy three hundred rolls at the regular price while others in greater need can't find any at all.

Thanks to relentless intervention by governments and central banks, the financial system now looks to government policy as the solution to every problem.

Although authoritarian states can indeed act swiftly, they always act on the wrong information—and the wrong objectives.

Printing up paper money and giving it or lending it to domestic businesses or to India will not bring about a miraculous replacement of the lost goods and services or repair broken supply chains.