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Are Tattoos a Rational Use of Resources?
This week I have a question from Stephen who asks about whether consumers are really rational.
Disenfranchised: How Broken Institutions Leave Us Feeling Powerless
The concept of "brokenness" refers to the belief that the institutions of American life are so compromised, corrupted, or weak that they are becoming irrelevant.
Dear Students: Here Are 10 Ways To Get Your Financial House In Order
Recently, a student asked me for some tips on what to say about personal finance to her sorority.
Embrace Dynamism: The Future and Its Enemies at 25
"The Future and Its Enemies is a well-written, lucid argument for decentralized progress and the intellectual, political, and commercial liberty that makes it possible." ~ Art Carden
How to Solve the Lobstermen vs Whalers Problem: Water Capitalism
The lobstermen and the whalers are at each other’s throats in Maine.
Wage and Price Controls Are Not the Answer to Inflation
"If the US imposed economy-wide price controls, as Krugman proposes, it would not stop inflation, just as the Emperor Diocletian’s economy-wide controls did not stop Roman inflation and just as the 1970s economy-wide…
What Leonard Read Learned from Mises and Nock about Changing the World
Leonard Read (1898-1983) started the Foundation for Economic Education in 1946 to restore the spirit of liberty that was then at a nadir in America and throughout the world.
US Big Three Auto Companies Commit to Making Cars That People Don’t Want
I grew up in a household with parents who were of the Greatest Generation.
US Big Three Auto Companies Commit to Making Cars That People Don’t Want
I grew up in a household with parents who were of the Greatest Generation.
Taxation in the Data Economy: The ‘Invisible’ Competition
"It remains to be seen whether data experts and policymakers will come up with a tax that encapsulates 'fairness, certainty, convenience, and efficiency' as Adam Smith argued for, but each idea is worth hearing…
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