The Austrian School’s Deductive Approach: A Beacon for Economic Understanding
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on
The U.S. Experience in Colombia Is a Terrible Model for Dealing With Fentanyl
Justin Logan Friday afternoon, Daniel Raisbeck and I published a longish article in Foreign Policy magazine throwing cold water on the idea of using the U.S. military to counter fentanyl. The piece responds to the growing chorus of calls among GOP presidential candidates —
Regulation in the Free Market: It’s Not What Most People Believe
Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety. Original Article: "Regulation in the Free Market: It’s Not What Most People Believe"
How hard is it to proofread your paper after you use ChatGPT to write it?
From Nature News (Scientific sleuths spot dishonest ChatGPT use in papers) via Retraction Watch Weekend Reads [brackets added below]: Searching for key phrases picks up only naive undeclared uses of ChatGPT — in which authors forgot to edit out the telltale
Cultural Appropriation: The Nontheft of Something No One Owns
When I was at the university, I once objected to a classmate’s lazy use of “public goods.” He had used it to favor his policy position, as a shorthand synonym of what’s good for society—only a thinly veiled euphemism for
AI Lacks the Entrepreneurial Intelligence to Plan an Economy
Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur. Original Article: "AI Lacks the Entrepreneurial Intelligence to Plan an Economy"
Thanks to Government, Maui’s Lahaina Fire Became a Deadly Conflagration
While progressives blame climate change for the deadly Lahaina fire, government created the conditions for the blaze and then helped set it. Original Article: "Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration"
Inflation Is a Giant “Skim” on the American People
Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected. Original Article: "Inflation Is a Giant "Skim" on the American People"
The Producer Price Index
In this week's episode, Mark looks at PPI—the Producer Price Index—which provides evidence of the costs for suppliers in various industries, macroeconomic instability, and the potential for economic recovery. Here, very low prices provide the potential for recovery; and rising prices
Ten Great Economic Myths
Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an