Sunday, February 26, 2017
Why the Feds Should Legalize Interstate Commerce in Healthcare: In a recent television interview, Aetna CEO Mark Bertolini, head of one of America’s largest health insurers, commented that selling insurance across state lines is “an outdated concept” in these days of the Affordable Care Act (ACA).
Justice and 'Social Justice' Are Two Very Different Things: Recently, Harvard political theorist Danielle Allen wrote in the Washington Post of “The most important phrase i
Thursday, February 23, 2017
Ten Great Economic Myths: Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an analysis of what is wrong with them.
Primitive Minds - Cafe Hayek: TweetHere’s a letter to a new and intrepid correspondent: Mr. Nolan McKinney Mr. McKinney: You point to Harley-Davidson’s resurgence, after Ronald Reagan drastically raised tariffs on imported large motorcycles, as “evidence of protectionism strengthening our economy.” Harley’s resurgence is evidence of no such thing. The argument against protectionism is not that it doesn’t help the …
Tuesday, February 21, 2017
Sunday, February 19, 2017
Say's Law: The Antidote to Countless Economic Fallacies: To understand the principle that has been called Say’s Law, it is useful to start by thinking about what unhampered exchange is: the mutual offering of goods and services between people.
Friday, February 10, 2017
Price Controls and Propaganda: Most economists agree on one thing; price controls do not work. Many go on to say they create shortages of goods, which inevitably drives black market prices even higher than they would otherwise be. Price controls were last tried in the 1970s, and everyone swore, never again.
Sunday, February 5, 2017
Friday, February 3, 2017
Why Those Student Loans Aren't Getting Paid Off: Last month, the US Department of Education admitted that a much larger number of students are defaulting on student loans than previously reported. According to the Wall Street Journal:
Tightening the Money Supply will Inevitably Lead to a Bust: Fed policymakers are of the view that the correct interest rate policy could bring the economy onto a path of economic stability and low price inflation. The idea is to guide interest rates toward what is called the “natural” interest rate.