Free Markets

There is a reason for Krugman to pursue this false narrative, and it is not because he actually believes it.

"It turns out that there was nothing inevitable about cultural decline. All it takes is one person to make the change."

Although John Cassidy didn't realize it, his analysis underscored the role that government policies played in the recent financial disaster.

"Bastiat knew what most educated people never learn, that the source of all injustice in society stems from violations of freedom."

"The object aimed at in the punishment of vices is to deprive every man of his natural right and liberty to pursue his own happiness under the guidance of his own judgment and by the use of his own property."

Ch'ien was one of the world's first monetary theorists. He pointed out that increased quantity and a debased quality of coinage by government depreciates the value of money and makes prices rise. And he saw too that government inherently tended to engage in this sort of inflation and debasement.

Until corporate welfare takes a backseat to real, proven solutions that help stateside consumers save a bundle at the pump (and help our less-prosperous allies financially), corn will remain king.

It seems there is a terrible price to be paid for genius.

To draw insights from all sources is to create the kind of diversity that makes for a vibrant and productive intellectual paradigm and an endlessly fascinating website erected in the defense of liberty.

There are no natural laws governing the behavior of complex systems.