Christian Sandström is a Swedish economist who joins Bob to make the case that massive government funding projects aren't necessary to promote science or industrial growth.

One of the myths of protectionism is that it will result in an abundance of goods on the home front. Shortages are no abundance.

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Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.

Many of the high-flying businesses that received massive publicity turned out to be the creation of a bubble economy. Not all businesses are flashes in a pan; many of them continue to serve as the backbone of our economy.

It is during "emergencies" when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.

As Murray Rothbard has noted, there is an important distinction between nation and state. The former is a voluntary association of people while the latter is coercive and predatory. Progressives, of course, claim the opposite.

Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.

Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of what you subsidize. This is true for student loans, ethanol, immigrants, and more.

Many economic think tanks espouse that national defense spending benefits Americans at large. It doesn’t. The notion that military spending "bolsters" the economy is yet another Keynesian fable.