U.S. Economy

The U.S. government's recent show of force ostensibly to "close the barn door now that the horse has escaped" is not only misguided, it is dangerous for many reasons.

Whatever direction the stock market may take in the future, its opening day was a time for honest assessment of how the recent terrorist attacks and their aftermath may affect our economic future. 

Charging $4, $5, or even $100 for a gallon of gasoline is not a crime; rather, it is a logical response to what buyers and sellers perceive to be the current market situation.  

In the real world, it is not enough to have demand for goods: one must have the means to accommodate people's desires.

Forbes magazine's Peter Brimelow and Edwin Rubenstein ask, "Does Hayek’s Law condemn the U.S. economy to a Japanese-like L-shaped recession?" John Cochran responds.

The Bush administration's new duty on Canadian softwood lumber imports could dynamite the nation's housing.

Does the Fed play politics? As Gregory Bresiger recalls, it's been a part of the game for a very long time.

Death duties loot the productive, destroy capital, and bring about a damaging social upheaval. Hans Sennholz explains.
 

A private rental-car company tries to protect its assets by enforcing speed limits. The state seriously objects. 

MetLife is under fire for doing exactly what insurance companies are supposed to do: matching risk with premiums.