Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever
Lockdowns were one of the “greatest peacetime policy disasters of all time,” concludes Professor Douglas Allen in a paper just published by the International Journal of the Economics of Business. Elsewhere, a team of researchers with the National Bureau of Economic Research “failed to
What Chicago’s Mayor Gets Wrong about Private Security
After the recent spate of retail thefts and looting, Chicago mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. Fox 32 Chicago quotes her: We also got to push retailers. Some of the retailers downtown and
What are other countries planning for Afghanistan?
Afghanistan is also sometimes called “the graveyard of empires”, which many historians contest is not entirely true- but the gist of this nickname of sorts comes from the fact that no country or empire has succeeded in conquering and ruling
The Conspiracy Theory of History Revisited
Anytime that a hard-nosed analysis is put forth of who our rulers are, of how their political and economic interests interlock, it is invariably denounced by Establishment liberals and conservatives (and even by many libertarians) as a "conspiracy theory of history," "paranoid,"
Omicron: The Lockdowners’ Last Stand
Just as President Biden’s unconstitutional vaccination mandates were being ripped up by the courts, authoritarian politicians, public health bureaucrats, and the mainstream media, announced a new Covid variant to justify another round of lockdowns and restrictions. The things that didn’t
My Favorite Antiwar Protest: A Time of Mounted Park Police and “Free Speech Zones”
I’ve attended most of the major antiwar protests in Washington since 9/11. At a 2005 protest, a cop tried to whack me on the head with a wooden pole. At a 2007 protest, I snapped a picture showing George W.
End Roe v. Wade: It’s Time to Defederalize Abortion Policy
California has announced it seeks to become a "sanctuary state" for abortion should the Supreme Court overturn Roe v. Wade. That is, the situation would return much to what it was before 1973. Original Article: "End Roe v. Wade: It's Time
Victor Chor: The Journey From Flipping to Global High-Tech Brand Building
Entrepreneurship is fulfilling and exciting and inspiring. It’s fun. It’s learning. It’s a sense of achievement. It’s a journey. Economics For Business loves to spotlight individual journeys to illustrate what’s possible, provide learning about how to create and grow opportunities,
Welcome to a New Chapter in the Latest Boom-Bust Cycle
What lies ahead is undoubtedly a rather sensitive chapter in the boom-and-bust-cycle drama caused by US monetary policy: the US Federal Reserve System (Fed) is about to end its ultraeasy course. The reason: after many years of exceptionally low interest
The Truth about Tulipmania
When the economics profession turns its attention to financial panics and crashes, the first episode mentioned is tulipmania. In fact, tulipmania has become a metaphor in the economics field. Should one look up tulipmania in The New Palgrave: A Dictionary