It wasn’t that long ago that the left praised socialist Venezuela as a model country, a good comparison to the mean, ruthless system of the United States. What happened?
Since it was introduced in 1968, the Nobel Memorial Prize in Economic Sciences has been awarded to 79 individuals for their contributions to different branches of economics. Yet not all of them were economists by training.
We know this assessment isn’t what millions of suffering Venezuelans will want to hear, but Maduro may hold on to power for quite some time.
No one would deny that the American healthcare system desperately needs reform, but is a single-payer system like Britain's the way to go?
Ocasio will very likely go on to win her seat by a comfortable margin, but the real losers will be her constituents.
The U.S. government is now cracking down on Americans who have outstanding tax bills — by holding their passports hostage.
When acting on our desires in the marketplace means signing over our data to corporate entities, the erosion of choice is revealed to be the consequence of choice – or at least, the consequence of celebrating choice.
Her economics degree didn’t help her in the recent PBS interview, as she revealed an ignorance of basic economics and argued multiple points that objective data contradict.
If President Eisenhower had not focused on the important while commanding the Allied forces, would World War II been lost?
Treating symptoms is not enough.
'The program will provide at least 100 Stocktonians with a guaranteed income of $500 per month for 18 months.' Will this program be an improvement to the status quo, or just an ineffective waste of money?
Employers now are begging for talent, and ready to pay to keep it. That gives workers more confidence that they can leave one job for another.
From Mesopotamia (or even earlier), all civilizations have employed some kind of medium of exchange to facilitate transactions regardless of their geographical locations, legal and economic systems, religious beliefs or political structures. Have you ever wondered why?
The uniquely frustrating brilliance of Sanders lies in his theatrical acuteness for distortions and inaccuracies.
The contributions of Friedman as an economist are often overlooked by non-economists. Here are three that will help you understand a bit better his work.
The country would be wise to let the market take a shot at cleaning up government waste.
The “conventional wisdom” may be conventional, but it’s often not wisdom.
Regulators should put some basic rules in place and leave the rest to innovation and common sense.
For the unlucky few who win the internet lottery, misdeeds become fodder for public judgement. Did the severity of the crime match the severity of the punishment?
While democracy historically was part of the great movement for human liberty, majorities potentially could be as dictatorial and dangerous as the most ruthless and oppressive kings and princes of the past.
The people of Hong Kong understand that a free market left alone is a market that will flourish.
While statistics can be valuable, they can be easily misrepresented.
Entrepreneurship among younger generations is declining. We need to rebuild a commercial society.
Once the prosperous home to the thriving American automobile industry, Detroit made itself so unfriendly to business that American auto manufacturing has migrated to more business-friendly locations, largely in the American South.
In her book Bourgeois Dignity: Why Economics Can’t Explain the Modern World, Deirdre McCloskey offers a persuasive narrative that explores the causes of the Industrial Revolution.
While weddings have been extravagant for a while, why have costs doubled in the last 10 years?
According to Nobel Prize laureate F.A. Hayek, easing restrictions on economic freedom may be exactly what is needed to encourage political freedom in a totalitarian state.
Religious organizations and other charities are scooping up billions in government funds earmarked for refugees and illegal immigrants. Are we at all surprised that they want to maintain the status quo?