Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.
Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.
Losing one’s money, credit cards, and passports in a New York City cab could have been a disaster. Thanks to trust and cooperation among people who didn’t know each other, this story had a happy ending.
All children eventually learn that the presents under the Christmas tree come from family and friends, who must pay for them with their own money, and not from Santa Claus.
All children eventually learn that the presents under the Christmas tree come from family and friends, who must pay for them with their own money, and not from Santa Claus.
Like his predecessor, President Trump unsuccessfully tries to convince Americans that their economic pain isn’t real, but Americans know the difference.
By making paper money legal tender, the government shut the door on sound money. Repealing legal tender laws is the first step back to liberty.
While the NBER collects economic data ostensibly to aid policymakers, the data it acquires is useless without proper economic theory to correctly interpret the numbers.
Even as historians have softened on their outlook on Hoover, they usually still manage to avoid the obvious connection between interventionism and lack of economic recovery.
Mainstream economists and others speak of the Consumer Price Index as the measure of inflation. Yet, the CPI is nothing more than a weighted average of numbers put into an arbitrary formula. It is time to end this statistical charade for good.
