The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”
Adam Vass Gall discusses his recent book: Generational Poverty: An Economic Look at the Culture of the Poor.
George Kateb's new book, Lincoln's Political Thought, is an important addition to Lincoln scholarship. Kateb appears to understand that Lincoln was more of a nationalist than a moral crusader, although Kateb's conclusions about the Civil War inspire skepticism.
There’s an interesting story in the news
Many have tried to create a division between “political freedom” and “economic freedom.” But all freedoms ultimately depend
The Jones Act and similar laws have been behind a precipitous decline in global American shipping. Passed for "national defense" purposes, such laws only serve to raise the cost of shipping to US ports while restricting consumer access to goods.
Jeff Deist and Jay Taylor discuss markets, business cycle theory, and the Fed's latest bubble.
Legalizing recreational marijuana has begun. Marijuana for medical use is already legalized in twenty states. Marijuana is not a gateway drug as it has been viewed for almost one hundred years. Begin to be more afraid of government and current legal drugs, like prescriptions. Legal free markets in drugs would be incredibly beneficial. Here are ten ways to imagine such a free market.
