Relative Prices Matter: Why Cost-of-Living Indexes Don’t Tell Us Much
When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.
When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.
Those who think "more socialized medicine" is the key ingredient in higher life expectancy in the US miss some very important facts about American life.
Reagan's rhetoric on freedom and free markets was excellent. The policies he supported as president weren't nearly as great.
A strong GDP growth rate, in most cases, is likely to be associated with the intensive squandering of the pool of real wealth.
Given that socialism is based primarily on theft and envy, it seems odd to claim that Jesus is a big fan of a socialist state.
Rothbard: "if proponents of the higher minimum wage were simply wrongheaded people of good will, they would not stop at $3 or $4 an hour, but indeed would pursue their dimwit logic into the stratosphere."
Expansions in credit and investment are only a problem when they result from inflationary monetary policy, and not from real saving.
Not surprisingly, government regulations make it harder for small businesses to help their employees save for retirement.
While the Second Amendment is a formidable barrier, experience suggests a mixture of bureaucratic regulation and court rulings could significantly empower the gun-control lobby.
Between taxation, inflation, and the government's insatiable appetite for more spending, its increasingly difficult to avoid financial ruin.