Economics

Let’s Make 2014 the Year of Freedom for Low-Wage Workers

by
The federal budget deficit was big in 2013, but not as big as the freedom deficit. We should all resolve to make 2014 the year that we secure our freedom from government, the biggest threat we face. We can start with freedom for low-wage workers. Hundreds of occupations are closed shut unless one has a license. To get the license, one ... [click for more]

TGIF: The Pope Dabbles in Economics

by
Pope Francis wrote in his recent apostolic exhortation, “Just as the commandment ‘Thou shalt not kill’ sets a clear limit in order to safeguard the value of human life, today we also have to say ‘thou shalt not’ to an economy of exclusion and inequality.” He’s right — but not in the way he intends. Before I elaborate, ... [click for more]

Mandela Wasn’t Radical Enough

by
I suppose we will forever be subjected to incomplete accounts of the life of Nelson Mandela and the evil he struggled against. Both the Right and the Left (as conventionally defined in America) are too busy pushing agendas to provide the full story. On the establishment Right (with some honorable exceptions) apartheid was deemed unimportant in the context of the ... [click for more]

The Calling: Why I Defend Walmart

by
In the aftermath of Black Friday (or now Thursday, I guess), much will be written about Walmart.  It remains the favorite whipping boy of many on the left, not to mention their enablers in what Deirdre McCloskey calls “the Clerisy,” or what Hayek called “the second-hand dealers in ideas.”  More broadly, even those without strong left-leaning opinions often have ... [click for more]

Worshiping a False Idol: Why Money Is No God

by
A few weeks ago I was out to lunch with a group of friends when the subject of money came up. One person at the table said that we should replace the phrase “In God We Trust” on currency with “This Is Your God.” To my surprise, there was very little pushback to that and even a few people ... [click for more]

The Business Cycle Explained

by
It Didn’t Have to Be This Way: Why Boom and Bust Is Unnecessary — and How the Austrian School of Economics Breaks the Cycle by Harry C. Veryser (Intercollegiate Studies Institute 2012), 318 pages. This is one instance where a book’s subtitle tells the reader much more about its content than the title does. You know at once that ... [click for more]

The Myth of Economics (video)

by
On October 16, 2013 Edward H. Crane gave the following speech as part of the Economic Liberty Lecture Series which is co-sponsored by The Future of Freedom Foundation and the George Mason Economics Society. Mr. Crane's talk is entitled "The Myth of Economics:  They Changed Global Warming to Climate Change, Why not Economics to ... [click for more]

Economic Liberty Lecture Series: Edward H. Crane

by
Thursday, October 24, 2013 Speaker: Edward H. CraneGeorge Mason University 5:30 PM - 7:30 AM ECONOMIC LIBERTY LECTURE SERIES Dinner, Lecture, and Social Hour PLACE: George Mason University – Johnson Center 333 TIME: 5:30 pm – Pizza 6:00 pm – Talk with Q&A 8:00 pm – Social hour at Brion’s Grille SPEAKER: Ed Crane is the founder and president emeritus of the Cato Institute. Under his leadership, the Cato ... [click for more]

TGIF: The Housing-Financial Meltdown Revisited

by
Five years after the housing and financial meltdown, self-styled progressives are still peddling their pseudoexplanation: that it was largely the fault of the 1999 repeal of a provision of the New Deal–era Glass-Steagall Act, which mandated the separation of commercial and investment banking. This tale is favored by Sen. Elizabeth Warren and others of her ilk, who hold the ... [click for more]

TGIF: Lysander Spooner on the National Debt

by
Treasury Secretary Jack Lew says if Congress doesn’t raise the debt ceiling — or, as I call it, the debt sky, because apparently the sky is the limit — the government won’t be able to pay all its bills starting October 17. The Congressional Budget Office says that dire condition won’t set in until sometime ... [click for more]
Page 2 of 2112345...1020...Last »