Henry Hazlitt was a great Economist. As I first mentioned nine months ago, Hazlitt wrote Economics in One Lesson in 1946, then updated in 1978. It reads like today’s news, because it is filled with economic truth, not political or editorial wishful thinking. Members...
If you are looking for the perfect gift for anyone who wants to understand the Economics behind all that is going on today, from the fiscal cliff to Greece, I have it. Henry Hazlitt wrote Economics in One Lesson in 1946, then updated in 1978. It reads like today’s...
Imagine you are the CEO of a large U.S.-based company with operations in several countries. You have to decide whether to keep your company and many of its high-paying jobs in the U.S. in 2013, or move overseas. The move, along with reducing U.S.jobs, would also...
In this and the next post we will examine two specific ways that our Progressive government destroys jobs by making our businesses more costly than their international competitors. Those added costs reduce profits, thereby decreasing investment and crippling new job...
In The President, which I wrote eighteen years ago, there is an African-American pastor who laments how the federal government has become the world’s largest plantation, keeping Black Americans down. Now, sadly, all Americans of every color are being driven to lives...
President Obama has recently said that he wants to grow our economy from the “Bottom Up”. But exactly what does he mean, and how does that work? I suppose that he could be promoting the Keynesian saw of giving free money to people who don’t pay income taxes at the...
Conservatives from key states recently voted for subsidies to sugar farmers. Realtors demand mortgage subsidies despite the disaster of the housing finance bubble. Food Stamps are advertised on TV as a “benefit” that you don’t want to miss, and now an astounding one...
The effects of drugs and alcohol can be devastating. In an earlier post (May 18, 2011) we made the case for legalizing drugs as the least bad of all the bad options. If one could purchase drugs like one does alcohol, then all the crime and violence required to...
Any method of allocating resources other than the free market price system ultimately leads to tyranny. Yet the Occupy Wall Street Non-Leaders, presumably opposed to tyranny, have said many times that they want a “democratic economy”. There simply is no such thing....
When I was a graduate student in London right after the earth cooled, 1968-1970, Harold Wilson was the Prime Minister, and Keynesian Economics ruled his Labor Party from Cambridge. At London School of Economics the teaching was more ChicagoSchool, so our professors...
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