There’s a lot that economists don’t agree on: monetary policy, tax policy, environmental and energy policy, and host of other complicated and obscure issues. So when you do find overwhelming agreement among expert economists on a particular subject, there’s good reason to sit up and pay attention, particularly when it contradicts what the vast majority … Continued
The Obama administration has rolled out new tariffs on Chinese solar manufacturers. These new taxes will make solar energy more expensive, which will make environmentalists’ clean energy dream even more difficult to obtain. In other words, this action shows conclusively that this industry exists to benefit Obama Inc., not the American public. Obama’s excuse for this move … Continued
On March 1, Nick Hanauer–Amazon’s first nonfamily investor–delivered a speech at a TED University talk about income inequality in the United States. According to National Journal: You can’t find that speech online. TED officials told Hanauer initially they were eager to distribute it. “I want to put this talk out into the world!” one of them … Continued
The most absurd aspect of the Environmental Protection Agency’s War on Coal is their repeated denials that it’s happening. No matter how many onerous rules they release, each time they claim that the regulation will not only save the environment, but also create jobs in the industry. For example, EPA’s Regulatory Impacts Assessment (RIA) for … Continued
I, Roads But, who would take care of the roads! Or the airports! Or the [insert state-monopolized capital asset here]! And that’s where someone asks you a question that is impossible to answer. The Statist Roads Argument (SRA) rears its silly head. If someone asks you how a pencil is made, I’ve come to realize … Continued
This past Halloween, the scariest thing for the World Bank and the United Nations wasn’t the costumes. It was the children. News that the world population passed 7 billion October 31, 2011 has brought the usual doom-and-gloom predictions about famine, resource scarcity, and poverty. To many, it seems, people are a problem The U.N. Population … Continued
Adam Smith wrote in The Wealth of Nations: What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can in his local situation judge much better than any statesman or lawgiver can do for him. … Continued
