What accounts for the preoccupation with income and wealth inequality? We hear about it every day. Isn't our absolute living standard what matters and whether it is improving or deteriorating? I'll bet that's what regular people care about. However, the professional...
I don't know if anyone has actually said, "We are all social engineers now," but someone might as well have. (The variation "We are all Keynesians now" was declared a long time ago, even by Milton Friedman, although see this.) When I say "all," of course, I don't mean...
Imagine two candidates for president, and ask yourself who is more likely to win. Candidate A observes that people are facing generally rising prices. Their total at the supermarket checkout is higher than last year. Filling up the car at the gas station takes a...
[P]eople started to believe that the bourgeoisie and its economic activities of trade and innovation were virtuous, or at least tolerable. In every successful lurch into modern riches from Holland in 1650 to the United States in 1900 to China in 2000, one sees a...
Has Kamala Harris inadvertently done free-market advocates a favor? Let's not get too hopeful, but maybe. How so? By pandering to voters and marketing herself as a consumer watchdog who will stamp out (undefined) supermarket "price gouging." This could create teaching...
I wonder who's gaslighting us now. Here are some of the major perpetrators: The pundits and pseudo-economists of all tribes who try to convince us that the government can spend, borrow, and create money almost without limit or harm. What happens when interest on the...
Lina Khan is a Washington, D.C., rock star. She is not only President Joe Biden's celebrated chief of the Federal Trade Commission (FTC); she's also a favorite of J. D. Vance, Donald Trump's pick for vice president. This Lina Khan must really have something going for...
Twenty years ago, I jokingly proposed a constitutional amendment to require the U.S. government to obey the Constitution. President Biden has one-upped me with his proposal for a “No One is Above the Law” constitutional amendment. But Biden would have been more honest...
