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There Is No Way You or Anyone Can Fully Understand the Economy
The economist’s main value to society lies in his or her ability to reveal that which in the economy typically remains unseen. This function of the economist is explained most famously by Frédéric Bastiat. But also, of course, this understanding of the economist’s role is implicit in Adam Smith’s mention of the “invisible hand.” Smith’s […]
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How to Combat Socialism
Many of us naively thought free markets had won over socialism when the Soviet Union fell apart. But we must face up to the resurgence of socialism as an ideal.
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Anti-Gouging Laws Can Kill
Much has been made in the media about the Surgeon General’s recent Twitter exhortation, “Seriously people – STOP BUYING MASKS! They are NOT effective in preventing general [sic] public from catching Coronavirus.” But what is usually left out is the rest of his tweet, “…but if healthcare providers can’t get them to care for sick […]
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