Coase and Demsetz on Private Property Rights
In his seminal work, “The Problem of Social Cost,” Coase held that in cases of private property right disputes involving what have been
In his seminal work, “The Problem of Social Cost,” Coase held that in cases of private property right disputes involving what have been
Kaza reviews Alan Greenspan's book The Age of Turbulence: Adventures in a New World. Kaza asks "Which social acquaintance will defend Greenspan against the charge the seeds of the greatest
Is there any “good” reason for a country such as the U.S.
In The Mystery of Banking, Murray Rothbard explained how the origins of central banking in the US were rooted in a lobbying effort by Robert Morris and other “nationalists”
This article offers an analysis of the causes of the subprime crisis, explaining that it is not an isolated incident and that we should concentrate our attention on the Fed’s monetary policy
Real reform of the Fed begins with setting interest rates free, the abolition of deposit insurance, and ending the Fed’s position as lender of last
Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects, writes Joseph Salerno.
In a free-market economy, firms threatened with competition often respond by searching for ways to increase efficiencies, attempting to lower costs
Any government intervention in the economy, such as, loan programs, regulations, and subsidies, creates malinvestments, writes Dayne Girard.