Why Must Supply Precede Demand? Understanding Economic Foundations
In the market economy, wealth generators do not produce everything for their own consumption. Part of their production is used in exchange for the produce of other producers. Hence, in the market economy, production precedes consumption. This means that something is
The Benefits of China’s Market Reforms and Opening to the Outside World Should Not Be Forgotten
James A. Dorn China’s strong economic growth following its shift from state‐led development (central planning) to marketization in 1978, and its drive to join the World Trade Organization (WTO), are testaments to the idea that widening the range of choices open
This looks like something that a real environmental economist might be able to use in their research*
From Data are Plural (10/11): Michigan air permit violations. For local news organization Planet Detroit, freelance journalist Shelby Jouppi has built a daily-updating dashboard of air quality permit violations cited by Michigan’s Department of Environment, Great Lakes and Energy. The dataset lists 1,500+ violation notices since 2018; for each, it
Highlights from the Supreme Court’s First Week Back
Anastasia P. Boden It’s the most wonderful time of the year! Last week, on the first Monday in October, the Supreme Court reconvened for a brand new term. It’s slated to be another big one—with cases involving guns, regulation of social media
The Left Is Now Telling Us (Ukrainian) Nazis Aren’t So Bad After All
Members of the Canadian Parliament recently applauded a Ukrainian member of the Nazi Waffen-SS during World War II. Apparently, it's now okay to be a Nazi so long as you're fighting the Russians. Original Article: The Left Is Now Telling Us (Ukrainian) Nazis Aren't
Is It Just War or Unjustified Slaughter of Innocents?
Saturday the world was rocked by the outbreak of war in southern Israel as Hamas fighters crossed out of Gaza, taking hostages and killing Israeli civilians. The political leader of Hamas says the attacks were in response to the Israeli
Mark Thornton Explains the Yield Curve, “Soft Landings,” and Today’s Bubble Economy
[In recent months, Senior Fellow Mark Thornton has been covering today's economy in detail in his Minor Issues podcast, so we asked him some questions about where the economy is headed now.] Mises Institute: You’ve become notable for the idea of the
Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Haiti famously won its independence from France during a slave revolt, but being independent has not brought political stability or prosperity. Instead, Haitians struggle to get by in the Western Hemisphere's poorest country. Original Article: Haiti May Have Won Independence, But It
E-Cigarettes Are Not Exempt from the Iron Law of Prohibition
Jeffrey A. Singer The New York Times reports today about a flood of illicit e‑cigarettes arriving from China “in Barbiecore colors and fruit, ice cream and slushy flavors,” accounting for a “major share of the estimated $5.5 billion e‑cigarette market in the
Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing
Whether you’re a conservative or libertarian, the notion of government shutdowns is no longer an alien concept considering that Washington managed to add a whopping $1 trillion to the gross national debt in a matter of three months—a large percentage