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Big GovernmentSocialismOther Schools of Thought
Paul Krugman is right to praise Denmark, but he likes the one thing that they’re doing wrong and overlooks all the things they get right.
When people are directly responsible for something — and rely on that thing for current and future sustenance — they will manage it better.
Allowing lawmakers to raise taxes with a 50% + 1 vote is a recipe for disaster.
Money and BanksMonetary TheoryMoney and Banking
Scott Sumner's Market Monetarist framework is seductively simple, but relies on a definitional trick.
Peasants in pre-industrial societies often worked fewer hours than modern-day workers. They also had a shockingly low standard of living.
The Police StateU.S. History
Defenders of police incompetence are falling back on the claim that they are above criticism because they are the "experts."
For Shakespeare, the story of the Roman Republic is a tragedy. Like one of its heroes, the Republic was eventually destroyed by its own success.
U.S. EconomyOther Schools of Thought