Big Government

The corn, sugar, and ethanol industries in the US are all part of a complex system of government subsidies and other favors, writes Dave Albin.

Unlike the War on Poverty, the War on Drugs is a real and bloody war by the United States against a minority group known as drug buyers and sellers

The poverty rate is not declining, and people continue to buy and sell drugs.

Only individuals can determine what is efficient for themselves, writes Gary Galles. This audio Mises Daily is narrated by Robert Hale.

Not content with just the movie industry, the US government has also turned to the video game industry in more recent decades.

The cognoscenti behind the Bush (Campaign 2000)  proposal call their plan “privatization.” Privatization, as typically understood by economists, means the transfer of capital ownership and resource allocation

Against Leviathan would be an excellent companion reader for any economics class that deals with policy, and especially a class on regulation and the relationship between government and business.

Yergin and Joseph Stanislaw have produced a book that is fundamentally optimistic that markets will continue to be the driving force behind world events, and that price decision-making will eventually prevail over political decision-making.

 I appreciate the fact that the author attempts to construct logical rather than mathematical arguments, as seems to be the disease that has struck most of the economics profession at the present time. 

Governmental interventions in the economy take numerous forms, and they require the existence of a public authority, a bureaucracy, to implement them.