Big Government

The Social Security system is a giant Ponzi scheme, and no tinkering is going to change that. Workers should be allowed to opt out of the bankrupt scheme, period.

Pride may goeth before the fall, but with politicians like George W. Bush, far too much time separates the pride part from the fall part, writes Lew Rockwell.

Why does the scope of the state always enlarge? Michael S. Rozeff suggests a theory based on the the incentives of those who possess the power to tax.

In the economy of India, you face a choice, writes Jayant Bhandari: obey the law and go out of business, or find ways around the law and make a profit.

The Supreme Court overturned the guilty verdict against Arthur Andersen Company, writes William Anderson, but it came too late to save the firm.

The Jedi sacrifice truth and justice to ambition, writes Adam Young. May this serve as a warning to all who see in emergency circumstances a reason to betray principles and adopt the methods of the Dark Side. 

In their recently published paper, “The Curley Effect: The Economics of

Communist Parties are still alive and well, even in post-communist countries. Luca Ferrini speculates that the larger the state, the more it corrupts the mind and the culture. Communism means never having to leave the nest.

Ending price supports would certainly allow agricultural markets to work more efficiently, but isn’t it odd to observe the government voluntarily ending a subsidy program that benefits a powerful political constituency—wealthy corporate farmers? It is odd indeed, which is why it isn’t true.

I here offer what I regard as Bush’s top ten economic errors, which might be the very errors that will make the next depression far worse than it needs to be. Needless to say, this list is not exhaustive.