Free Markets

Public-choice analysis fosters cynicism about political leaders. But not as much as they deserve.

It's a bit odd for the economics profession right now to be celebrating two scientists for their work in helping policymakers steer the macroeconomy.

There were firms and hierarchies before there were markets — and before there was money.

The protest movement  is actively supportive of powerful interests that benefit from the status quo.

If you disagree with how Google runs its incredibly popular search engine, don't patronize it. There is no need for paternalistic bureaucrats to intervene in such a simple matter. Also, why wouldn't Google show preferential treatment to its other business ventures on its own search engine?

The mathematical games economists play are just so much flapdoodle.

Many demands are being made, but sadly, if these were ever implemented, they would make problems worse by lowering the standard of living for all — especially for the poor! I will proceed to address some of the demands in plain English, hoping to reach out to them.

The top 1 percent of US income earners pay 38 percent of all federal income taxes, and the top 10 percent pay 70 percent.

When a moral code is adopted in society, approbation and good will for following the code, as well as reprobation and ill will for violating it, become common.

Robert Lucas misses two important reasons why government/Keynesian stimulus schemes fail miserably.