When is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that virtually any demand, no ...
For over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery starting in 2009 ...
The attempt to establish a comprehensive socialist system in many parts of the world over the last one hundred years has been one of the cruelest and most brutal episodes in human history.
Some historians have estimated that as many ...
Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics by John Tamny (Washington, D.C.: Regnery Publishing, 2015) 279 pages.
It is often pointed out that man’s improved circumstances on this Earth ...
With the seventieth anniversary this year of the end of the Second World War, a number of commentators have focused on the presumed “unity” of America seven decades ago to “win the war” against global tyranny and international aggression ...
The U.S. presidential election of 2016 may still be well over a year away, but those who dream of sitting at the desk in the Oval Office of the White House in Washington, D.C. are busy scrambling for campaign ...
There is little that happens in society in general and the market economy in particular that most on the political “left” do not think needs more government intervention, regulation, and redistribution to make “better.”
One recent example of this is ...
One of the great voices for personal liberty was that of the British economist and political philosopher, John Stuart Mill. His essay, “On Liberty,” though penned well over 150 years ago, is a classic statement that the individual should ...
Liberty is a demanding ideal to believe in and live by. It requires consistency of principle and acceptance of much in the actions of others that we may disagree with or even find personally repulsive.
Unfortunately, too many in our ...
There are many economic fallacies that surround the issue of freer or open immigration into the United States, and few of them can stand up to serious critical examination.
The Fallacy that Immigrants “Steal” Jobs from Americans.
Opponents of more open ...
