How Many People Must Die to Fix the Planet?
Scholars claiming the mantle of scientific expertise have enlisted apocalyptic fears of a coming “population crisis” to advance sweeping programs of social engineering as a way to alter the course.
Phillip W. Magness – November 18, 2019
The Most Important Concept Mises Taught Me
Key among the basic concepts of Austrian economics (a term that Mises rarely used; he preferred just “economics” or more broadly, “praxeology”) is the concept of methodological individualism. This has been the most important of Mises’ basic conce …
The Unbearable Drabness of Command Economies
In command economies, you get what you get and you hope that it fits.
Suffixing Industrial Policy with “2.0” Doesn’t Make It Credible
When and to the extent that trade and markets are free, Americans benefit from innovation no matter where it occurs.
The Soul of Economics Is the Market Process
The process of economic change is about how economic actors invest to alleviate the constraints they face by reducing transaction costs in order to grow richer.
The State Is Not Your Proxy
Leave aside every other problem of socialism (such as how it can rationally manage an economic process or achieve perfect material equality), and you are still left with the massive problem of power.
It’s a Disservice to Urge Young People To Become Entrepreneurs
The legend of the twenty-something business wunderkind is everywhere in pop culture. Here’s the problem. The data are in. It turns out that the whole thing is a gigantic myth.
Retail Spending Suggests Caution
Core retail sales were weak in October adding to concern about the economy. However, continued economic expansion remains the most likely path.
The Great Lesson of Vision Fund
A central plan is not a business plan. Even a private sector central plan is doomed to fail.
Actually, We Could Just Flip the Switch
Such a law would ensure that every regulation was scrutinized at least once every twenty years and automatically eliminate all those that no agency thought important enough to subject to review.
November Business Conditions Monthly
AIER’s Leading Indicators index held steady in October, remaining slightly above neutral. Slow growth continues as economy remains vulnerable.
The Times’s Editorial Page Lies with Statistics
When debating tax policy it is important to use empirical evidence to inform the discussion of what rates the top earners currently pay and what rates we would like them to pay, or if a rate change is even warranted at all.
There Need Not Be a Great Confrontation with China
American businesses plainly see in China what the chattering classes don’t.
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