Free Markets

People's complaints about the rising price of drugs are both mistaken (no, more government controls won't help) and justified (patents do indeed restrict competition)

Contrary to the propaganda, the EPA has done little or nothing to improve the quality of life and much to diminish it. 

It's not the high costs to the bank that explain why fast cash is pricey. These fees are simply a market price for a service that is highly in demand.

Walter Block decries statists who distort the meaning of words, and also those who kowtow to their politically correct agenda.

Greenspan recently said he is not sure what the money supply is. But money is like any commodity: it has a supply and it can be counted.

The Gore and Bradley plans to "fix" health care will do nothing of the sort. Neither addresses the key problem of the current system.

From the 1930s through the 1980s, government claimed it could innovate better than private markets. That' s what the boondoggles like TVA, Nasa, and Semitech were all about. Hardly anyone believes that anymore, so the rationale for government regulation of technology has changed. It now concerns such vagaries as fairness and wise resource use.

The Clinton administration wasn't content with blowing up a pharmacy in the Sudan; now it wants to blow up hundreds of them on the web.

Economic development requires participation in the international division of labor, writes Christopher Mayer.  

Austrian economists should revel in the story of Ukara, a small, Tanzanian island in Lake Victoria. John Reader, in his astoundingly detailed and fascinating work, Africa: A Biography of the Continent (Alfred A. Knopf, 1998), presents among a wealth of other information that should be of genuine interest to economic scholars a little over three pages (beginning at 255) of highly persuasive refutation of the statists' cry for central planning to protect against deadly "sprawl."