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Bureaucracy and RegulationProperty Rights
The usual answer is that secondhand smoke is bad. But if value is subjective, perhaps secondhand smoke also can be seen as a public good.
Big GovernmentMedia and CultureProgressivism
Rent seeking is a popular term used in economics to describe the behavior of firms trying to gain something from the government. Time to expand the definition.
Bureaucracy and RegulationEconomic PolicyThe FedMoney and BanksU.S. Economy
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.
Economic FreedomThe EntrepreneurEntrepreneurship
While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars.
Booms and BustsThe FedMoney and BanksU.S. Economy
Fractional reserve banking by itself undermines both the banking system and the economy. No action by the Federal Reserve can eliminate the threats.
Economic FreedomThe EntrepreneurMedia and Culture
Individualism, while condemned in some cultures, has helped make this country economically successful. Will the influx of immigrants from cultures that devalue individualism reverse that success?
Taxes and SpendingU.S. Economy
Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go?
InflationMonetary PolicyInterventionismMonetary TheoryMoney and Banking
Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.