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What is Economics and What Makes a Good Economist?
Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.
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The Double Standards of Court Historians in War and Reconstruction
Leftist historians claim that mainstream historic accounts of the Reconstruction Era fail to give black freedmen enough credit for their...
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Another Reason to Ban Tik-Tok?
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Does Cutting Government Spending Risk a Recession?
Keynesian orthodoxy claims that cuts in government spending mean less “aggregate demand,” and less “aggregate demand” leads to recessions. Economic...
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Merger of Union Pacific, Norfolk Southern Highlights the Need to End Amtrak Subsidies
The standard line for passenger rail travel in the US is that we need a government-subsidized entity like Amtrak because...
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The Alaska Summit in Perspective: Steve Hanke on U.S. Strategy and Russia’s Position
In a candid interview, economist Steve Hanke calls the Trump–Putin Alaska summit “a photo-op,” arguing Russia already holds the upper...
Read moreMurray Rothbard on Billionaires
According to Statista, there were 66 billionaires in the US in 1990. That number grew to 748 in 2023. Over...
Read moreJapan Rice Price Crisis Reveals a Twofold Policy Dilemma
Japan's economy is caught between inflationary monetary policy and powerful agricultural interests. There is no easy way out.
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