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November 11, 2009
In a recent Newsweek article, senior editor Michael Hirsh quoted Larry Summers who said: “Large swaths of economics are going to have to be rethought on the basis of what's happened.” Summers is correct that the recent credit crisis and recession…
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July 15, 2009
Nearly 90 years ago Ludwig von Mises, one of the founders of the Austrian school of economics, pointed out that once government intervenes in a market it creates unintended consequences that lead to further government intervention. This process…
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January 27, 2009
The solution to the current economic downturn as put forth by the majority in Congress and touted by most of the news media is for the federal government to enact a massive “stimulus package.”
This stimulus package will be weighted towards federal…
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November 11, 2011
Whenever I watch media coverage of another Occupy Wall Street event I am reminded of an exchange between Jewish protesters in the 1979 Monte Python movie Life of Brian. One of the protesters asks another what the Romans have brought to the area…
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October 27, 2010
This election is about more than who controls the Senate and House of Representatives. It is an election that gives us the chance to examine the “ideal of freedom.” The late Nobel Laureate, Friedrich Hayek, wrote about in his 1960 book, The…
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December 28, 2005
ABC reporter Dean Reynolds promised A Closer Look at the woes of
domestic auto parts maker Delphi, but instead zoomed in on a story
portraying union workers as victims and corporate executives as…
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December 27, 2005
The front page of the December 27 Investors Business Daily (IBD)
joined other print outlets in blowing hot air on the so-called
housing bubble with Home
Sales Plunge as Prices Pull Back and…
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December 21, 2005
Ringing
alarm bells about record greenhouse gas emissions, New York Times
reporter Andrew Revkin opened his December 21
article noting the U.S. Energy Department reports U.S. emissions…
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December 19, 2005
Regardless of whether a strike is called or a settlement is
reached, warned Chan and Greenhouse, the labor struggle over the
transit contract has highlighted one fact: Many workers feel they
lack dignity…
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December 15, 2005
Lower energy prices have spurred a significant drop in consumer
prices according to a December 15 report from a federal agency that
tracks economic data. On a seasonally adjusted basis, the CPI-U…
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