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Popular newsletter writer Aaron Renn recently highlighted a guest post by Tom Owens arguing that young people today face much more difficult economic circumstances than previous generations did. Anyone who has looked into…

Politicians want to create jobs, “good-paying union jobs,” in existing industries.  But that’s not what markets do. The “destructive” part of creative destruction eliminates jobs in existing industries. In a dynamic economy,…

The Swedish Academy of Sciences awarded half of the 1974 Nobel Prize to economist Gunnar Myrdal. The prize honored his 1968 work Asian Drama, a 2,200-page magnum opus, the result of 10 years investigating the economies of…

The media have been playing up the "civil war" inside the GOP between what Politico calls the "MAGA Republicans and Big Tech." The restrictionists in the party want fewer visas, and the pro-growth wing…

The media have been playing up the "civil war" inside the GOP between what Politico calls the "MAGA Republicans and Big Tech." The restrictionists in the party want fewer visas, and the pro-growth wing…

Early on in my introductory economics course I warn my students always to beware of various logical fallacies, none of which is more prone to sow confusion than the fallacy of composition. This fallacy is committed whenever…

For a hot minute in 2022 and 2023, MMT or Modern Monetary Theory rose to prominence in the lexicon of the mainstream media reporting on monetary policy and inflation. If you recall talk about a trillion-dollar coin, that was…

Here's my wish list for the incoming Trump administration to make America healthy and prosperous and great again in 2025. 1. Slash Job-Killing Regulations The regulatory state is a $2 trillion tax on the American…

Here's my wish list for the incoming Trump administration to make America healthy and prosperous and great again in 2025. 1. Slash Job-Killing Regulations The regulatory state is a $2 trillion tax on the American…