Economic Policy

We speak of the “economy” as though it produces goods. Yet, the term really is a fiction, as purposeful individuals working in cooperation with each other are the real producers.

Modern macroeconomic theory claims that government spending, taxation, and monetary creation is essential for economic growth. Austrian Economists, however, note that government stifles the economy.

Critics of the Free State Project should direct animosity, not at those moving to their state, but to the other 49 states for failing to be freer. The Free State Project migrants are not moving to New Hampshire to exert coercion on the existing population, but to live under less coercion.

Was Paul Heyne an ethicist who thought like an economist or was he instead an economist who thought like an ethicist? It was a bit of both. Heyne‘s popular text, The Economic Way of Thinking, educated a lot of students about how economics really works.

Traffic jams are so frequent that many Costa Ricans have adjusted their routines to deal with this phenomenon, treating it like a chronic illness.

At first glance, it might seem extreme—even offensive—to compare anti-fossil fuel climate policies to Stalin’s deliberate starvation of millions during the Holodomor. But in truth, the comparison may be unfair—to Stalin.

The central government intervention suspending each foreign currency exchange license in the country is an example leading to a loss of freedom for each NGO operating in the country.

Elon Musk has found out the hard way that one can ferret out hundreds of billions of dollars that Congress wastes, but fail in getting its members to stop wasteful spending. Jim Bovard learned that hard lesson 30 years ago.

While artificial intelligence is often discussed in terms of automation or productivity, its potential as a creative and intellectual partner is just beginning to be recognized.

The simple narrative today of the southern secession in 1860 and 1861 is that the southern states believed that the institution of slavery was being threatened, so they left the union. However, the real causes are more complex and do not fit any preconceived narrative.