Politics
Charles Dickens trained many to hate capitalism, but he never understood the difference between envious hatred of wealth and charitable concern for the poor....
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Politics
Consumer spending does not drive the economy. On the contrary, saving, investment, and entrepreneurship are the critical components of economic growth.
Politics
Scandinavia is not socialist; in fact, they are often ranked far higher than socialist economies like Venezuela in terms of economic freedom.
Politics
Losing one’s money, credit cards, and passports in a New York City cab could have been a disaster. Thanks to trust and cooperation among...
Politics
In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood...
Politics
Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost...
Politics
The GSEs have likely been told by the administration to buy up more mortgage debt to create the illusion that there is more demand...
Politics
Cuban hospitals are overwhelmed, pharma drugs are in short supply, and diagnostic tools are in short supply. The Cuban state is pretending nothing is...
Politics
Hassett was thought to be a done deal, but Trump and his allies are now suggesting that Kevin Warsh is the frontrunner.
Politics
The drive to religious freedom in America was carried out overwhelmingly in the state legislatures—and the federal First Amendment had almost nothing to do...
Politics
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with...
Politics
He’s described by media as “hard right” and “ultra-conservative” which suggests he’s a center-right candidate who, nonetheless, handily beat his communist rival.
Politics
The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.
