Interventionism
The Broken Window
The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics.
Do We Really Have a Decade Left to Solve Climate Change?
The scare tactics from Beto O'Rourke and Alexandria Ocasio-Cortez is yet another example demonstrating the farce of the climate change policy debate.
The Gateway Drug Myth
The Time magazine article creating "the gateway drug" myth in the 1970s provided no citations for its claims, except ambiguous references to unnamed “experts.” The evidence remains elusive forty years later.
The Meaning of Competition
Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market.
The Lesson
The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence.
The Regulatory-Industrial Complex
In every administration, the tools of inflation, borrowing, taxation, and regulation are used to transfer wealth from the people to the government.
The Individual in Society
The Elite Under Capitalism
The Case Against the Market Economy
The objections raised against the market economy are based on very bad economics.