U.S. Economy

Epstein finds little fault with government's economic numbers and plenty of fault with the reporters and pundits who use those numbers.

Being hated by the wealthy and powerful is perhaps the high cost of serving those with low incomes, and Wal-Mart will no doubt continue to encounter resistance from those who don't need its services for some time to come.

Atlanta Journal Constitution: “They ca

But so far, the debate has focused on the natural-science question of whether global warming is actually occurring, and, if so, what its cause is. Here is where the popular understanding is very much in need of correction.

This scathing address delivered by Dr. Jordan at the Thirtieth Annual Meeting of the National Industrial Conference Board, 16 May 1946, one year after the end of World War II.

Murray Rothbard on the immediate postwar period: For a while the postwar ideological climate seemed to

There’s no doubt that prosperity has smiled brighter and brighter on the last four generations.

You may say it another way: that the intentions of mass production cannot be realized unless management and labor are both free. So long as that freedom existed in the motorcar industry, the cost of an automobile went lower and lower until it became, pound for pound, the cheapest manufactured thing in the world, not the Ford car only but all cars; and automobile labor at the same time was the highest-paid labor of its kind in the world.

Whenever the public doesn’t get what it wants and consumer demand is subservient to corporate interest, the most likely culprit is government policy. On the free market, consumers drive production, whereas under a system of protectionist corporatism, politicians and bureaucrats guide the market.

Charles K. Eames writes: