QE and Minimum Wage are State Sponsored Price Fixing
In his classic economic text, The Wealth of Nations, Adam Smith had the following to say about collusion: “People of the same trade seldom meet together, even for merriment and…
The Ballad of Ben Bernanke: Tragic Economic Error is Holding Him Back
Ben Bernanke is arguable the most well equipped Fed chairman America has ever seen, and I mean that sincerely! His academic accomplishments are top notch; and his career as…
A Stable and Predictable Legal Order is Essential to Restore Prosperity
The Rule of Law and a Stable and Predictable Legal Order A government with moral and legal authority promulgates written rules and universally, impartially and uniformly enforces the rules, which…
Hayek vs. Boxer
F.A.
Capitol Comment Number 429
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Why Pork and not Economics?
Many of those who have been criticizing Obama’s stimulus package have been arguing that it’s filled with pork that won’t create jobs or help to end the recession. That’s true. But,…
Telegraph: Financial crisis shows why we should admire Freidrich Hayek
Professor Philip Booth, from the London-based Institute of Economic Affairs (IEA), had a great post on yesterday's Daily Telegraph blog (UK), discussing why the…