Media and Culture

What if a president took a different direction and sought popularity by expanding rather than reducing liberty?

The wave of bombings and assassinations perpetrated by anarchists during the 1890s was largely a fiction. To some extent, it was frankly invented by sensation-mongering writers who hoped to sell newspapers.

Bailing out Bear Sterns while letting Lehman fail, the two TARP votes, and the incessant clamor about (nonexistent) systemic risk were geared toward bailing out Wall Street firms on the wrong side of housing risk.

In their eagerness to eliminate from history any reference to individuals and individual events, collectivist authors resorted to a chimerical cons

Groupon is a brilliant concept that uses social networking to mobilize shoppers and bring down prices. In contrast to all the mainstream economic models of "market failure," Groupon is yet another example of market success.

Pictures of the Socialistic Future tells an engrossing story about a socialist paradise that swiftly degenerates into a societal dungeon. It was originally published in an English translation in 1893—which adds immeasurably to its resonance.

It is Republicans, not libertarians, who favor handouts to and special privileges for big corporations. And Republicans are not libertarians.

"Wells's science-fiction parable fails to offer a fair test of Adam Smith's economic principles. Smith would in fact agree that to make a man invisible would be to turn him into a monster of egoism, for it would set him free from the normal discipline of the market."

"Just as everyone is born ignorant of math, so everyone is born a folk economist."

Pictures of the Socialistic Future warns that socialism, promising equality, can deliver only equal poverty and death.