Thursday, December 14, 2017

Economics

TGIF: We Are the Economy They Want to Regulate

Critics of the libertarian philosophy think they can score points by calling libertarians "market fundamentalists." It's supposed to conjure images of dogmatic religious fundamentalists, just like the term global warming denier is supposed to conjure...

Illinois: Land of Legal Plunder

With the help of Republican Sen. Dale Righter (Mattoon-55), the Illinois Senate voted 36-19 to override Gov. Bruce Rauner’s (R) budget veto on Independence Day. Two days later, led by longtime Democratic Speaker and Chicago...

Minimally Convincing

Two high-quality studies of the disemployment effects of the minimum wage are getting a lot of attention.  The first looks at Seattle.  Punchline: This paper evaluates the wage, employment, and hours effects of the first...

Trump’s Maoist Steel Obsession

“If steel and iron works, copper mines, and sawmills cannot be operated to their full capacity, the reason can only be that there are not enough buyers on the market ready to purchase their...

The Irrationality of American Socialists

It is absolutely amazing to me how any American can still be wedded to socialism. Everywhere you look, socialism has produced misery, suffering, poverty, chaos, crisis, conflict, tyranny, and violence. Yet, there they are: Americans...

Is A Recession In Sight?

The US economy’s check engine light is on, despite the vocal rhetoric of President Trump, his administration, and the media spewing the same nonsense of a rising stock market and how the unemployment rate...

Federal Education Budget: Teapot, Meet Tempest

The Budget and Accounting Act of 1921 requires the president of the United States to submit a budget proposal to Congress for each fiscal year. Congress isn’t required to honor that proposal. In fact...

Why 10-Year Budget Projections Are Worse Than Useless

In recent months, we have seen a string of shocking headline figures based on 10-year budget projections. For example, when the House's American Health Care Act (AHCA) bill got scored by the Congressional Budget Office...

Your Enemies Are Not Monsters: An Olive Branch Across the Divide

Certain highs given by alcohol, laughing gas, huffing paint and the like, give a sense of euphoria by depriving the brain of oxygen. You can get a similar high by climbing a mountain, where...

A Celebration of Frédéric Bastiat: Free Trader, Economist, and Defender of Liberty

Claude-Frédéric Bastiat was born on June 29, 1801 in Bayonne, a small port city in Southern France. At age 10, Bastiat was orphaned by his parents and based on the recognition he gets as...
Read Scott's NEW Book
Read Scott Horton's new book Fool's Errand: Time to End the War in Afghanistan