The Great Depression would have been worse without its only saving grace: all goods were cheaper than before. The major mistake of Hoover and FDR was in thinking that low prices were somehow the cause of the Depression rather than the effect.
Just in case you might think that the curbing of free enterprise and individual rights is something new in American history, someone just sent me a
The very existence of a centrally planned apparatus changes the real economic data, and so changes what the "correct" number of cars should have been, even if we could agree on the criteria for correctness.
It’s interesting how during a bust, the Austrian School suddenly gains greater prominence and people act as if the Austrians are just another
Weigel is himself constrained to admit that in Iraq, American intervention has increased terrorism.
Like him or not, Paul Krugman is an economic theorist of distinction, a winner of the John Bates Clark Medal, and often rumored to be in the running for the Nobel Prize.
On a recent trip to the grocery store I was shocked to find that the price of a package of Corn Skewers (t
Binkley believes that as Las Vegas becomes like the rest of the country, the rest of America is becoming at least a little like Las Vegas, with gambling popping up everywhere.
