The deficit-hawk politicians are right when they say the government should be sharing in the belt-tightening along with everyone else. Slashing spending at the federal level would return much-needed resources to the private sector, where they would do the most good.
The increasing concentration on short-run effects is not only as a serious and dangerous intellectual error; it is a betrayal of the main duty of the economist and a grave menace to our civilization.
This course will consider some of the leading arguments advanced against libertarianism. Do these criticisms have any validity?
Here we have clearly the interest of labor put before the interest of consumers.
The public loves the fall of a ruthless and greedy financial titan — this, of course, is what made Oliver Stone's original <i>Wall Street</i> such a hit. But the practice of "insider trading" can actually be beneficial. In a free society, there would be no such thing as laws against so-called insider trading.
Many, perhaps most, people have a deep-rooted predisposition to keep things the way they are. This innate resistance to change finds expression in the political philosophy called conservatism.
May 15 is the 100th anniversary of the most famous antitrust ruling in US history — the 1911 Standard Oil case, and the 100 years of myths it engendered.
