U.S. Economy

The Cold War was and is hugely expensive. The full economic cost of any policy must be considered before lending moral and financial support to it, argues Chris Westley. 

Hans Sennholz issues of note of caution: fundamental maladjustments mar unprecedented growth of the US economy.

The rest of the world, envious of America’s economic success (thanks in no little part to companies like Microsoft), must be marveling at such a stupendous act of stupidity and arrogance.

Americans have more housing choices than ever before, thanks to the automobile and modern communications. The regulators are fit to be tied, says William Anderson. 

Frank Shostak rebuts the claim that markets are driven to unsustainable highs by waves of investor enthusiasm. Actually, the Fed itself is the real culprit.

Consider the relative tax bite affecting rich and poor: it is the people earning the highest income who pay the bills from government. 

The meltdown on Wall Street can't be corrected through intervention; if it is headed down further, it needs to run its course.

In 1958, John Kenneth Galbraith assailed American spending patterns. Consumers, he told us in The Affluent Society, spend too much on such fripperies as large tailfins on cars.

Rothbard's classic history of colonial and revolutionary America, back in print at last. 

If pundits really want to pay tribute to the central state, they should look beyond the New Deal and consider the watershed years of the Progressive Era.