Archives

Archives

The Reality of Markets

You’re sitting in your house and it seems unusually chilly for a hot summer day. The air conditioning is roaring…

The Ultimate Chain Letter

From the Hoover Digest The other day I had to get some important tax receipts to my accountant. He’s in…

Testimony before the U.S. House of Representatives on trade (CAFTA)

TESTIMONY U.S. HOUSE OF REPRESENTATIVES THE COMMITTEE ON ENERGY AND COMMERCESUBCOMMITTEE ON COMMERCE, TRADE, AND CONSUMER PROTECTION APRIL 28, 2005…

A Marvel of Cooperation: How Order Emerges without a Conscious Planner

One of the great virtues of economics is how it illuminates the unseen and the hidden. Frederic Bastiat, in his…

No Such Thing as a Safe Drug

From National Public Radio’s Morning Edition The truth is, there’s no such thing as a safe drug. Every drug has…

Don’t Fear Deficits

From Ideas on Liberty, Vol. 50, No. 12, at FEE.org At current tax rates, barring a recession, the federal government…

Nickel and Dimed and Quartered

A friend of mine asked me the other day about Nickel and Dimed, Barbara Ehrenreich’s experience as a low wage…

Archaeological Economics

California has recently decided to make sure farm workers are treated more humanely. Here’s the headline and the opening from…

Deficits Don’t Mean Disaster

(Full Article in USA Today) When it comes to money, even a lot of money. Let’s say it is $422 billion.…

Presidential Economics: What Leaders Can and Cannot Do about the State of the Economy

The Presidential campaign season is about to go into full swing. The conventions are coming, to be followed by a…

Outsourcing and Job Security

Note: Newsweek Japan asked me and others to comment on ten questions related to the global economy. Here’s the question…

The Great Outsourcing Scare of 2004

From the Hoover Digest, Spring 2004 People are worried that Indians are going to take away all of America’s good…

The Locomotive in the Rain Forest

(From Newsweek Japan) Note: Newsweek Japan asked me (and others) to answer a series of questions on economics. Here is…

Jobs Abroad, Benefits at Home

From Business Week Online Outsourcing is all over the news. U.S. businesses are hiring foreigners, often in India, to do…

The Bagel and the Index Fund

(From Business Week Online) After a good year for the stock market, a lot of investors are feeling it’s safe…