Free Markets

The price system is a system of action, not words. It is decisive and takes responsibility.

ExxonMobil, lacking access to countries amenable to oil exploration, has invested less in finding new oil in 2007 that it did back in 1981.

"Buy local" is, at its logical limit, a prescription for poverty and starvation.

A corporate tax is really a tax on shareholders, customers, or employees of the firm.

Recessions are a great time to appreciate anew the importance of economic logic to our lives, to celebrate the contribution of market production, and to seriously reevaluate the merit of big government that we permit to thwart the prospects for a speedy economic recovery.

With more layoffs coming across a wide spectrum of industries, I am sure many of those affected individuals would, unlike my father-in-law, find some solace in a fixed income.

If the Fraternal Order of Eagles is looking to "uphold and nourish" good values, they should champion the cause of sound money.

Even some professional economists — don't really have a good intertemporal mental construct of the market, they can't really fathom how prices would guide people to properly allocate scarce resources.

What will it take for the public sector to begin seeing the informal sector as a model to replicate rather than a symbol of anti-social economic activity?

In Are the Rich Necessary? Hunter Lewis showed himself to be a master of dialectics; and he here applies the same method to monetary theory.