Up to Their Necks
Even before Ben Bernanke and Ted Geithner were born, the great libertarian economist Ludwig von Mises explained the causes of the boom-bust trade cycle and …
Not So Currency
The u.s. Treasury offers would be buyers a beautiful Liberty Walking silver “Eagle” coin, clearly labeled “One Dollar.” However, it is currently out of stock …
Migratory Workers
Granted, the U.S. government has the right to decide who may and may not immigrate. But it certainly doesn’t seem to have the power to …
One Size Doesn’t Fit All
When Medicare was enacted 40 years ago, it was intended to ensure vital medical care for those 65 and over. But things aren’t working out …
School Daze
This country’s schools have effectively been nationalized. Officially, there is still competition between school districts, and among public schools, private schools, and home schools, but …
Govindappa Venkataswamy, R.I.P.
In his “Wealth of Nations,” Adam Smith memorably described the advantages wrought by specialization and the division of labor in the “very trifling manufacture” of …
The Plight of the Worker
Paul Samuelson, strong Keynesian, 1970 Nobel Prize Laureate in economics, and author of the enormously successful college textbook, “Economics,” was right, once. Commenting in 1970 …
The Births of a Nation
President Bush was disingenuous, to say the least, in inviting babies born from embryos fertilized in vitro to the White House to watch him veto …
Tread On Us
On the Fourth of July, 2006, we celebrated the 230th anniversary of the signing of the Declaration of Independence, drafted in protest among other things …
The Price is Right
One thing all economists agree upon is the law of supply and demand. The larger the supply of any good or service, the lower the …