U.S. Economy

Once again, we are back to trusting the government to protect us, even at a time when property owners are begging for the right to provide their own protection.

While not quite Keynesian pyramids or payments to farmers to plow up their surplus crops, this is still, sadly, yet another New Deal in the making.

It is no surprise that in our current crisis we see economic fallacies calling for "temporary" government interventions in the economy popping up like mushrooms after a rain. 

It is conceivable that stocks might have come back after September 11. But the meddlers in DC seemed to be doing everything in their power to drive it down and out.

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.