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In publicly opposing Apartheid, William H. Hutt saw how legal segregation deprived black South Africans from pursuing legitimate economic goals. To Hutt, Apartheid deprived...
Vast sums are spent on “reforming” government schools, only to end up with the same lousy product. Thinking outside the box means abandoning public...
Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time...
The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to...
While fears that AI will morph into something like the Terminator and try to destroy the world, the real threat from AI is that...
Did scarcity begin with Adam and Eve in the Garden of Eden? Or were human beings and their surroundings already bound by time and...
New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer...
Artificial intelligence has much to contribute as a consumption good and a producer’s good. However, there also are limitations in what AI can do,...
The right to be able to enter into contracts with others is fundamental to free markets and a free society. That means people should...