Big Government

In this article, Leonard Brewster discusses how self-governance can be much more efficient than a formal governing class or state.

Bernie Sanders wants to make the postal service into a bank. It has been tried before.

Don't Like April 15? Don't worry, your taxes will "stimulate" the economy.

The Anti-Federalist "Brutus" predicted 200 years ago how invasive our tax system would become.

Moral hazard is a vital concept for economics. We should be careful not to let critics trivialize or dismiss it; when they do, calls for government intervention and special privileges are seldom far behind.

The pragmatist looks for areas where the economy and society fall short of the Garden of Eden, and these, of course, abound. Poverty, unemployment, old people with scurvy, young people with cavities — the list is indeed endless.

The Henry Hazlitt Memorial Lecture sponsored by Hunter Lewis

California is on the verge of increasing the statewide minimum wage to $15, from $10. According to one pro-minimum wage policy advisor, "It would mean a raise for one of every three workers in the state."

Statistics, so vital to statism, its namesake, is also the State's Achilles' heel.

Recessions are good for an economy because they involve a resolution process, but a big recession for this boom town could be great for the world economy.