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Prudent economic calculation becomes more difficult as legal and regulatory regimes are subject to frequent changes and political upheaval.
Prudent economic calculation becomes more difficult as legal and regulatory regimes are subject to frequent changes and political upheaval.
The latest impeachment saga simply confirms Thomas Paine’s adage: “The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.” Score another victory for the Swamp.
Could new gold discoveries cause a (small) boom-bust cycle if the gold hit the loan market before other sectors? Bill Barnett and Walter Block join Bob Murphy to discuss.
As Mark Thornton has shown, the big legislative change that FDR made at the start of his presidency, the decision that affected every single American citizen from one coast to the other, was the repeal of the thirteen-year hell of Prohibition.
Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.
Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong.
We're now hearing many calls for more antitrust legislation applied to Big Tech because these firms are allegedly monopolies. But old-fashioned antitrust was a disaster, as will be new efforts against tech companies.
Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation.
Tho Bishop and Zachary Yost join Ryan McMaken to discuss covid politics in three states, and whether anyone is paying any attention to social distancing rules anymore.
Rather than representing “white supremacy,” the evolution of mathematics has been a globe-, race-, and culture-spanning collaboration of advancements, an ongoing development of more effective tools for anyone to use.
Explaining good economic theory is about explaining how the other side is ripping you off.
Forcing one person to take medication or vaccines for the benefit of another person is directly opposed to basic notions of self-ownership and human rights.
Not only will these amendments reduce the abuse of emergency declarations, but they will also help to decentralize power within Pennsylvania. While COVID-19 has allowed the executive branch to run wild, Pennsylvania is actually structured in a way that makes the decentralization of power easier.
Our guest is Elise Amez-Droz, program manager for the Open Health program at the Mercatus Center at George Mason University, where she also manages the health policy portfolio.
Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.
The controversy over Mark Cuban and the national anthem reminds us the NBA and the NFL have spent the last few decades relying on the national anthem as a cynical ploy. Employing "antiracism" and BLM politics was just the natural next step.
The claim that the US needs an immense and varied nuclear arsenal "does serve one purpose: it keeps military budgets wondrously high."
There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and should be avoided, and that’s the "businesses will pass on the costs to consumers" objection.
Is the potential domestic travel ban on Florida a punishment for making the D.C. regime look bad? Jeff Deist and David Gornoski discuss this and more on A Neighbor's Choice.
It is only through the increase in capital goods, i.e., through the enhancement and the expansion of the infrastructure, that labor can become more productive and earn a higher hourly wage.