Traditional macroeconomic measures may not tell us very much about where the current malinvestment bubbles are — or what their effects will be.
Subjective value is not objective. Sounds obvious, but the distinction is lost on most — scholars and practitioners alike.
Though rent control is sold as a policy that is intended to help the poor, it has induced homelessness among the poor and lower middle classes.
Bureaucracy and RegulationU.S. History
For decades, federal housing policy explicitly favored whites over blacks, likely worsening many of today's enduring wealth disparities.
Monopoly and Competition
Companies with government-granted monopolies never have to worry about going out of business. And they can therefore behave badly without any consequences.
War and Foreign Policy
The growing acceptance of "humanitarian" interventions works to remove national sovereignty as a bulwark against expansionist large states in the international order.
Money and Banking
When we blame the euro for Europe's ills, we're letting politicians and central bankers — who have only ever viewed the euro as a stepping-stone toward their grand objectives — off the hook.
The rise of interest in free market economics has come from outside academia and Economics in One Lesson has been a great part of this awareness.