Pandemic: The Contagious Crisis
A more realistic view is that a housing boom and bust happened to strike a fragile financial system whose fragility was worsened by ill-conceived government interventions.
Big Government
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Ten Economic Blunders from History
Take cover when you hear a political leader talking about economic affairs. You can bet a bad decision is incoming.
Ten Economic Blunders from History
On January 22, 1991, Mikhail Gorbachev, the president of the Soviet Union, decreed that all existing 50- and 100-ruble banknotes were no longer legal tender and that they could be exchanged for new notes for three days only and only in small quantities. This had the effect of instantly deleting large portions of the savings and accumulated capital of private citizens.
The Myth of the Social Security “Trust Fund”
Social Security is right now in deficit, sucking funds out of the general pool. Americans should brace for further tax hikes — in the name of "saving Social Security" — and anyone under 40 should have no illusions about retirement benefits.
Seizing BP Assets: Compounding One Disaster with Another
A society that values individual rights should not give liable parties a free pass. But a hostile federal takeover of BP would send a message to every other firm in the oil industry that their assets aren't safe from plunder.
How Bad Is Alabama’s Tax Structure?
"Meanwhile, states that do not reward being poor find poverty levels falling."
Nullification: How to Resist Federal Tyranny in the 21st Century
The political agenda of the old liberals was not merely to limit the size of the government but also its scope. That means that lower orders of government have rights against higher ones. In the American context, that means that the state can...
Hayek’s Road to Serfdom: Despotism Then and Now
We must revisit and strengthen these arguments if we are to choose capitalism and freedom over socialism and serfdom.
The Exploitation of Entrepreneurs
Sadly, the Federal Minimum Wage Act of 2007 and the proposed Free of Fees for Carry-On Act are but two of a myriad of examples of how legislators exploit private business in the name of protecting their constituents.
