Interventionism

Financial meltdowns and exploding funds have discredited the free capital market in Romania. But was it a case of market, or government, failure? Tudor Smirna investigates.

In 1940, Mises set out to explain the errors of "middle-of-the-road" policies. He ended up writing the history of the next ten years before they occurred. Robert Murphy is the reviewer.

They hail from Harvard, Yale, and Cornell, but these economists haven't learned the first lesson of economics. William Anderson corrects their errors.

Part of the reason seat belt laws and speed limits bother me is that they extend a tentacle of government into automobile safety issues-- yet another place it does not belong. Not only are such laws immoral, but they set a precedent for even more intrusive regulations. Next thing I know, the Food and Drink Police will be snatching candy bars from my hand and replacing them with rice cakes.

The grave robber joins the bootlegger, the gunrunner, the drug dealer, and the ivory poacher as another phony criminal created by laws that shouldn't exist.

Former Clinton economist Laura D’Andrea Tyson continues her campaign against the free market, this time calling for price controls. William Anderson straightens her out.

Propose that energy needs be met through more production, and up will go the cry from the left: not production but conservation! Karen De Coster explains the error.

New York Governor George Pataki has abandoned his original platform for the same reason that Republicans usually sell out: he has chosen staying in power over cutting government.

If power-hungry government officials and misanthropic environmentalists would get out of the way, California could avoid energy shortages this summer. George Reisman explains. 

Paul Krugman is at it again, this time calling for price caps in California as a way of solving the energy problem. How can an economist think such things?