Tag: Econlib

Contrary to what economists believe, there are no scarce resources. The public debt is a “social convention” as are government ...

I will let my readers separate the grain from the chaff—and there is both—in the piece of a Wall Street ...

Over the past 90 years, the public has frequently been warned that the US budget deficit would lead to an ...

David Beckworth directed me to this tweet: If the Fed had a single mandate to target inflation, then there would ...

a The great Adam Smith was born sometime in early June 1723. I’m not going to spend time figuring out ...

Hyperbole has its rhetorical or pedagogical advantages, but it must not overcome reality. I am not casting the first stone ...

Some concepts in political economy operate like a Rorschach test. When someone defines them, you often learn more about them ...

At every opportunity, President Joe Biden has pressed a central tenet of his social agenda: “Extremely wealthy Americans don’t pay ...