Opponents of people's freedom to cross national borders to where the best jobs are, aka open borders, make a rookie error: they engage in static analysis and overlook the dynamism of social processes that freedom produces. I was recently asked on Facebook: "Are you...
My old friend Michael Malice just shared an AP headline on Twitter that read: "Who wouldn't like prices to start falling? Careful what you wish for, economists say." Malice's commentary: "The corporate press is the enemy of the people." He's right, of course. If they...
Last week, Jerome Powell & Co. met to issue an immediate decision regarding the status of the federal funds rate for March, and to provide some insight into the trajectory of monetary policy for the rest of 2024 and into 2025. As with the past few inflation...
Nearly everyone complains about capitalism's defects, or market failures. In fact, those are social failures, not specifically market failures, which show up when many rational individual actions create a social situation that displeases everyone. This means that...
Centralized power has a problem: the individual. Every person is a potential disrupter of The Plan, and disruption must be forbidden. Otherwise, why have a central plan? This applies regardless of whether the planning is economy-wide or for particular sectors, such as...
Michelle Mack thought she had it made. The suburban mom was living the high life with her husband and kids in their $3 million mansion in northern San Diego County. But that was before December 6, 2023. This was the day police raided her home, put her in handcuffs,...
In recent times, accusations of "price gouging" have become prevalent, often targeting producers utilizing strategies like dynamic pricing and “shrinkflation.” Such accusations, echoed by political figures including President Joe Biden, overlook the intricate dynamics...
Climate change and the environment are becoming top issues in most developed countries. People know that humans are contributing to climate change, so they demand action with more done to preserve our very fragile planet. In the United Kingdom, politicians are pushed...
