Competition Is a Discovery Procedure: When Schumpeter Meets Hayek
There is a basic and probably familiar tension in the economics of innovation: competition is regarded as desirable because it disciplines in
Power & Market
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Sabrin: Phase out Social Security
Murray Sabrin in the Naples Daily News:
You’re Paying and Paying
The majority of our elected officials who spend our tax dollars are debt addicts. Their reckless policies, if continued, will destroy the nation.
Medicare is Socialist, and It Costs Too Much
The recent lurch to the left in Democratic primaries has raised the issue of extending Medicare to all Americans.
Alex Pollock in the ‘Wall Street Journal’
From the Friday, August 21, 2026 print edition.
One Bad Week
It took around two hundred years for US government debt to reach one trillion dollars.
The Greatest Cover-Up in Economic History: How Washington Hid Its Role in the 2008 Crash
By shielding Washington from accountability, the 2008 cover-up institutionalized systemic moral hazard and permanently crippled market discipline.
The Gall of the Preservationist Crowd Knows No (Visual) Limits
Cronyism and protecting the scenic views of the wealthy.
The Effects of the American Revolution in France in the 1780s
"The American Revolution, the European right realized, was a vital milestone in the advance and development of the western revolutionary tradition."
